newscrnname (95.13)

And another thing

July 08, 2009 – Comments (1) | RELATED TICKERS: IWM , TZA

I have a chart.

It may not seem pretty to some, but I likes it.  I likes it alot.

You might think me crazy, but this chart speaks to me.  I tries to listen to it, I do so hard try.  Sometimes I don't listens to it so good.  Like in the beginning of March, when it told me something.  But I said, I says, 'Chart, I'm way ahead of you.  I'm already long.'

I'd tell you the chart laughed at me, or made a smiley face pattern, but it didn't.  It's just lines and moving averages. Still, it kept saying the same thing, which I'd professed to already knowing.  I likes to be smart like that.  But as it turns out with this chart, being early isn't always the best thing.  Better to just listen to the chart than try to guess what it's going to say.  Trying to predict what something that shouldn't even be talking to a sane person will say?  Now THAT I agrees with you, is crazy.

But now the chart's saying something again, almost as loudly as back when I should have listened in March.  It says, 'T, if you're still long with something that you don't have a $ZerO cost basis on, you will soon be sorry.'

I listen.  This time, I listen real good.  You couldn't buy a put from me right now.