Thursday, October 14, 2010
Patience
There's a saying that all good things come to those who wait. Today's little pullback did nothing but suck in a few more bears. You can't fool our charts. If you haven't heard, the POMO schedule was released yesterday and it's a doozy. Plenty of action over the next few weeks. Does this mean we can't go down? Of course not, but why risk your hard earned money when the trend is still clearly up. Don't be fooled by any bearish talk and fancy charts with many wiggles and lines. Keep it simple and look at the big picture. Our inbox was flooded today with emails from our subscribers showcasing their trades. Great job and congratulations to all! We are keeping very busy with our larger clients (institutional funds) so we apologize for the lack of posts but hopefully, you get the gist. Trading should be simple and great opportunities present themselves every day. Set your stops accordingly and let's keep the Rampage money machine rolling.
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Amen Rampage.
ReplyDeleteI bought on the pullback and now market is up nicely after hours. YAY!
ReplyDeletePermanent Open Market Operations (POMO) = Fed buys US debt from large private banks, which in turn take the Fed's money and buy stocks.
ReplyDeleteThe Fed just announced it will be monetizing another $32 Billion worth of US debt in the weeks up to November 8.
This trashes the dollar and pumps stocks. Rally on.