Ropa-Dope?

The S&P danced thru the old high, but fell back onto the ropes slightly below when the bears thru some right hands. The close was still a gain & the bulls won the round anyway. Beefer bears were unable to manufacture a technical sell signal to start a stampede. They'll try again today, I think, but I hope the real buyers just do the ropa-dope a few days like they did at the old Dow long term high around 11,800 a few months ago. This moves stock in stronger hands of real buyers, and sets up the beefer bear shorts for a flurry & knockout move up.

Check out that great movie, "When We Were Kings" [an Academy Award winning documentary] for a wonderful look at that great historical boxing event, the "Rumble in the Jungle" 1974 heavyweight championship fight between Muhammed ALi & George Foreman where Ali used the "ropa-dope" to beat Foreman.

PS: Started a natural gas position. I like the chart & hot summer plus hurricane prospects seem favorable for a long. Beefers were short & covering in last week's COT report. Very risky.

PPS: I'm very UN-IMPRESSED with the Fed governor, Lacker. He seems way too young & inexperienced and seems to be missing big factors, such as demographics, etc. This inflation-phobia of his seems very wrong and he doesn't seem capable of recognizing his errors last year dissenting & wanting more rate hikes. I found out yesterday a friend of mine who had been doing real estate legal work for many years lost her job three months ago. I think we need more unemployment among economists & Fed governors so they get some realistic experience.

P^3S: Some broad selling in many commodities today. I remember that at the end of last month that a similar sell-off occured. I wonder if index fund re-balancing is occuring or if asset allocations caused both. I'll monitor this. If it occurs next month, too, I think that will determine the cause.