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Testy Tuesday - Topping or Popping?

I told you yesterday would be fun ! Will today be funner?  Is funner a word?  As you know, I have been determined to get more bullish and our Watch List is growing every day as I add more and more undervalued companies that still have room to fly if we are truly going to run the S&P back over 1,100 this year.  We remain skeptical but you can be skeptical and still make money, as you can see from Corey’s ( Afraid to Trade )  very nice S&P Chart, you can do very well in this market buying the dips OR selling the tops - we kind of like to do both … Despite the low volumes, buyers are clearly in control of this market and, in Member Chat yesterday, I compared the situation to having a bet on the Raiders, who lost 44 to 7 on Sunday.  You can start out with a bet on the Raiders (in this case, the Bears) but there’s a certain point, perhaps when the 3rd consecutive possession by the Giants (Bulls) ends in a TD, that you have tgo admit you aren’t going to win.   You have a few choices at that point:  You can be a perma-Raider and keep betting more and more on your team (not smart) ;  You can swallow your losses and leave the stadium;  You can swallow your losses and stay on the sidelines and watch the game; Or you can switch sides and start betting on the Giants, maybe even recovering some of what you lost.  You can keep some of your useless-looking Raiders bets, just in case a miracle occurs but what’s the sense of not betting on a clear winner when it’s right in front of you?  Even if you are skeptical, that can be useful as it keeps you out of trouble as you should be wise enough to take your profits off the table .  I never understand the " fan " behavior of market players.  If you see the market going up and up and up and up - perhaps it’s time to make a few up bets.  Bears don’t earn loyalty rewards or get frequent-complainer points from the market so, if your " team " is getting trampled, it’s OK to switch sides - at least for a while - no one will think any less of you.  In the case of our bull-market bets, we have a great opportunity to switch sides at a very significant line this week, the 2009 highs of Dow…
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