Nasdaq And Leading Stocks Take The Baton From The DJIA And The NYSE

May 22, 2007

I went into pretty detailed analysis on my longs tonight and I had a long workout and surf session. So I am too tired to write commentary on this market.

All the other commentators are telling you how to be ready for a fall and that they can’t believe this market. Well, I don’t care what I need to believe in. All I care about is making money. The trend is up and the trend is very powerful. Keep going long those leading stocks breaking out of good bases or bouncing off key moving averages. Until the trend actually changes, there is no reason to talk yourself out of this bull market.

Choo, choo. All aboard the momentum train. When will it stop? Nobody knows. Just ride the train until it derails. Make sure you look at the new longs charts and read the analysis. Don’t just look at the chart or the stock symbol. Know why I am going long these stocks and why I want more of one than another.

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