TMFSarahGen (99.78)

More opposite day calls - Buy Russia - Keep Selling Gold, Oil, Coal

August 11, 2008 – Comments (8) | RELATED TICKERS: RSX , MBT , GLD

Not long ago I called a bottom based on "opposite day" action.  The fancy trading term is a "divergence" but it's "opposite day" to me.  When a sector performs absolutely opposite to what it should - that's our opposite day - and it's time to act.  For example, when you hear that a major pipeline burst in Turkey and Russia goes to war with Georgia, you think "oil should go up" but it doesn't it goes down.  That's our opposite day confirmation.    [more]