Wednesday, October 31, 2007
No charts on this one. None needed. Everyone who has continually tried to pick the top of this bull has been taught a painful lesson so far. I'll say this again. The only way that I know of to realistically have any chance of spotting a market top is by watching what the big money in the market is doing. Right now the big money is buying heavily. As long as the COT is long I will have to assume that any corrections are buying opportunities. Since commodities are where the real bull market is that means I want to continue to hold my positions in precious metals since they are due to outperform other commodities with the possible exception of agriculture which has also underperformed.