STOCK TRADING SIGNALS by Dr. Sami

Trades from my trading system will be posted here. They are time-sensitive and you should not put real money unless you subscribe to my real-time service. Once again, trades posted here are not recommendations for anyone to buy or sell stocks. I am posting the trades here to show that it is possible to beat the market on a regular basis - a counter example of the efficient market hypothesis. To keep it simple I will be holding only Cash, SPY (Long) and SH (Short) positions.

Tuesday, March 17, 2009

Lower volume strongly up day

I would believe that this is a beginning of a bull market if we had a higher volume today. But because the volume is not commensurate with the outsized gains today I am skeptical of the staying power of the move today.
I will stay on the long side to benefit from this incredible momentum in what can only be called "f--k it rally" with new stop loss price on my SSO to $17.17 which is still below my purchase price $17.79. Not a free ride yet but I am enjoying the ride.
Definition: "F--k it rally" was coined by William Fleckenstein, my favorite stock analyst. This refers to a rally in a bear market which people do because they are so tired of market going down every day. So, people figure "F--k it" I am going in, and therefore market goes up even though nothing has changed.