The timing of this new contest is interesting…in the last year the only people who have made money in the market are the hyper bears.Some hedge funds made billions by simply shorting stocks into oblivion.A strategy a ordinary person could certainly replicate due to its simplicity.Everything is down!. So the natural tendency would be to take a “trend is your fiend”strategy and run with.But the market is a perverse thing..There have been several violent rallies typical of a bear market.Many think valuations are very low[once in a century].So could winning be as simple as being very very Bullish?.Probably not as the bad news flows daily.But a strategy of getting in on big down days and selling on the bounce seems like a good start!2008-11-17

Tags: cnbc contest is the trend your friend

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