Been out of touch lately, here’s a quick catch-up.
It rocked. Riding those mountain roads was awesome, as always.
Very tenuous. I’m not shorting here, however. I’m on the cusp of going fully to cash.
I’ve made the life-changing decision that my swing trades will be either going from cash to long, or from long to cash as long as the market remains in an uptrend, which it still is at this point. No more swing shorts in an uptrend. Daytrades are another matter- I’ll go short or long based on the particular day’s action, of course.
This life-changing decision is also the conscious decision to miss out on the big swoop when the market switches from uptrend to downtrend, and the chest-thumping of “I caught the top” when that happens. My swing money will simply be in cash, and will switch to the converse strategy of short- or- cash in the new downtrend.
No charts tonight, but pull yourself one up and look at the divergence between the price bars and the RSI(14) over the last few weeks. Spooky.
I’m off to have a few cold ones and listen to some blues. And speaking of blues…
I’m Being Sued
This knock at the door changed my life, and is part of what’s put much of my writing on hold. Last year, I put a couple of clearcoat scratches on a car that pulled up behind me and waited to be hit. Under 1mph. The cop had to ask me where my car touched theirs, ’cause he didn’t see it. They were busy on their cell phones, calling the lawyer from the TV commercial.
It now seems that those scratches (neither of these “ladies” was even the car owner, BTW) in the clearcoat were enough to cause two pages of injuries to these parasites, according to their parasite lawyer.
I’m having to rethink my entire outlook on life. I’ve been ultra-responsible and honest (yeah, farm boy- I still change tires for little old ladies, too), and there’s the potential for 40 years of that to mean squat. This could affect my daughters’ college, etc, etc.
Plus I may be having to choose between buying some QQQQ or buying some hamburger meat.
Dropping Like Flies
I have not, despite being tempted several times, stopped blogging. Seeing Estochastica, Victoria, and X retiring their blogs has caused me to rethink continuing mine, as I’m sure it has many of you. This can be pretty thankless, and you’ve gotta do it just for the love of it. Then when your passion for it fades or life gets in the way, you stop. That’s the way I prefer it.
(There’s another way, where you pump and dump and promise fabulous riches to the lemmings who flock from site to site looking for the easy answer. Then when the crowd fades and the ad revenue drops, you move on… unless you’re really “good,” in which case you sell your pumped-up project to the geniuses at some corporation during its peak. Brilliant? Or just clever (wink, wink, snicker, snicker)? Whatever.)
We’ll miss the great folks from those labor-of-love blogs for the education and valuable content they provided, and our RSS readers won’t be the same without their feeds.
Gotta run. Blues waiting. Later ya’ll.