Powerful powerful rally July 2009 (Re-post)

It hurts to be a bear these days. Since March, actually. It hurts to have been out of this market. It hurts to have exited losing positions in March or April or May as we did with QLD and SPY…

Will the long-term buyers who bought between March and July exit now? Will they?

Traders who ride momentum should be making good coin.

Anyway, here is a great overview of the situation technically, and a great note on making money as opposed to having deep fundamental convictions regarding where the economy and markets are headed.

I, honestly, fear a great amazing bear market is in play at the moment, because if this is not a real new bull market, buy and holders will get fucked.END