Joshua Hayes

Nothing Fuels a Market Rally Like Free Money

PS: Yes, obviously, I am very disturbed by the Senate, House, Pres, and more so the Fed. I do not approve of anything this administration or the Fed is doing. Don't think I am being polyanic, by any means. I am simply trying to make a living the best way I know how: in the stock market. That means my opinions mean NOTHING. The ONLY thing that matters is what the market is saying TODAY. :)

Nothing Fuels a Market Rally Like Free Money

then and only then should anyone being trying to call a top.

that should obviously (I know someone will say something :)):

then and only then should anyone try calling a top.

Nothing Fuels a Market Rally Like Free Money

Knowing your history of past stock market cycles and past big winning stocks would go a VERY LONG way, with most posters.

Do not try to call tops. Let the market tell you when it is time to top. You will have climax runs (just like in Jan-March 2000 and July-November 2007) in leading stocks. When these stocks show topping signals that William O' Neil has painstakingly proven via research going back over 120 years, then and only then should anyone being trying to call a top.

Do you know how many stocks are flying higher, with price over the 50 dma, with the 50 dma over the 200 dma, and volume consistently over the 50 dva? There are too many to name! So many stocks are running but are not quite yet showing climax tops. So until you see these climax tops (which are obvious to those of us with extensive training in technical analysis--14 years) there should be absolutely no reason to call tops or predict the end of the rally. Just go with the trend until it ends. When it ends, move to cash, and then get short, if a new bear market is starting.

If you know your history and actually give yourself more than one year to "make-it-rich in the stock market," you might find that this game isn't as complicated as 99% of the comments on every post on Seeking Alpha makes it sound like it is.

My system: a form (my own) of CANSLIM. Can you learn this system in one year? Absolutely not! This stuff takes years. This is my 14th year in this business and the only thing I know is that I know nothing. However, my charts know EVERYTHING there is to know at that exact moment. Do surprises happen? Uh, yeah. Of course. This is called life. Is TA a crystal ball? Heck no. Think of TA as a windsock. If the wind is blowing to the west then it is blowing to the west. If the market is moving higher, then it is moving higher. Fighting the trend, calling tops/bottoms, and making your ego bigger than the market is a sure-fire way to poor performance and/or a complete burnout.

This game isn't easy. Those that get rich quick usually end up giving me all the money they made that "easy first month/year."

Listen, I am a Conservative and I am a hardcore proponent for lower taxes and less government. However, how do you all "know" that everything will end bad? You don't. You are only speculating on the future. The only thing you should be speculating on our stocks and you should only be doing that if you really know what you are doing. You might be able to tell someone you know what you are doing but inside your own head you know if you are lying to yourself or not.

Bottom line: When the market is moving up and stocks out there like RINO, CTFO, OMN, PAET, RTLX, TXIC, AXU, and BZ, since the rally started in March, are making such big gains, there is absolutely no reason to top call this market until you actually see some real topping action. I have been hearing top callers the WHOLE way and look at the gains they missed. Such a shame.

Here is a helpful hint and it is real simple. Go take a look at the history of this, if you don't believe the truth. If you would ONLY go long stocks when the general market is above the 50 DMA with the 50 DMA over the 200 DMA and go short stocks when the general market is below the 50 DMA with the 50 DMA below the 200 DMA, 90% of you would CRUSH your returns (obviously, I am not talking to everyone so please don't attack me too hard ;)). I am simply stating facts and nothing but facts. I have all the proof you need and I did not even come up with all the info. These guys did:

William J. O'Neil
Jesse Livermore
Nic Darvas
Bernard Baruch
Gerald Loeb
Richard Wyckoff
Jack Dreyfus

If any of you do not know the stories and history of these individuals, you might want to take some time the next downtrend (you guys call it a "bear market") and read-up on some of these guys. :)

me:

bear market = no such thing

bull market = no such thing

there is only a market "in an uptrend" or a market "in a downtrend." When you call it a bull or bear, you might not realize this but you will subconsciouly adopt that position and hold onto it more than you would had you simply called it "a market moving up" or "a market moving down."

Hey, when the market tops, I'll write something for Seeking Alpha proving why we will have a real top. Just like I did on RealMoney.com in early 2008 when I was initially called a "fool." I welcome the friendly and non responses to this post, if there will be any at all. Once again, aloha.

This is my good act of the month and I hope you all enjoyed this being typed from a very prime surf location on the upper west shores of Maui. Mahalo for reading and aloha nui everyone, surfs up!...just like the market.

Profiting From Bernanke's Super-Fed and Obama's Newer Deal

Excellent article young man!!! You are doing wonderful! Keep it up. Glad to see you on here as my colleague! :)

Mother of All Short Squeezes?

Stop regulating free markets and just use common sense laws.

Like naked shorting should be legal in the first place.

KISS everyone. More regulations = less 2003 markets and more 2001-2002 market environments. What we need to really grow is tax cuts. Study tax cuts and market gains and it is clear when you lower taxes, the markets rally. When you raise them.....DUH. ;)