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Being long. I got alot of emails asking me why I was still bullish on the market & indexes. The reason I didn’t drop my bias for the long side is because flat out I screwed up and stayed in my long for too long. I do know what I missed, but by the time there was room to change position the technicals and internals were signaling that the markets were near a bottom. What you say? So when I was seeing these items tick, it was time to not get out with the herd, but analyze, analyze, analyze and see what the real play was and that was and is to be long. Nasdaq 3000 anyone?

NDX did 4% and RUT did 4.7%. It was a big day.

It was a great day for stocks too. Almost all on the watchlist are red hot (except for GNBT).

Check out the candle glance group of most of the stocks on the watchlist.

I’ll see if I can gather up a stock list later tonight or over the weekend and see if we can figure out what stocks are going to roll next year.

Here is a candle glance group of the 2007 picks.

For everyone who might not get a chance to visit SR with the holidays coming up. Happy Holidays to you and yours.

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