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Yeah, that long without a correction but this bull has risen about half as much as the average bull market.

Um...so you're admitting that it's a bull trend. So, again, why short in expectation of a 2 or 3 sigma break in the opposite direction? If oil keeps going up this week and the inflation numbers suck maybe we'll get a pullback here but in the meantime I'm not getting up in the morning...

I don't think it's true that RSI works better in strong downtrends than it does in strong uptrends. Sharp market breaks where the market goes down 5% - 10% or more are what, 3 - 4 sigma events? Why bet, in the middle of a bull trend, on something that unlikely? If the market starts to head...

Re interest rates/the Fed - We're going to get NEGATIVE PPI and CPI numbers this week. Even if they're not as negative as expected, the psychological effect of negative PPI/CPI in this bull market is likely to strengthen bids.

Oscillators don't work so well in strongly trending markets. Things like RSI are not a very good guide under present circumstances. No frickin' way am I shorting the equity markets until we actually get price action that's heading lower.

:D

During the period you show in your chart, the 100 day historical volatility of the S&P500 went from about 11 to nearly 17 - an increase in index volatility of better than 50%. Do you really think there's no relationship between the historical vol of the underlying and the implied vol of the...

BTW, to clarify, I'm not saying cynicism = stupidity. It just annoys me when less than astute folks use a cynical pose to answer the many things they just don't understand.

I think he must have meant www.barchart.com

Why did you have faith in mankind in the first place?

One of the great blights on our time is stupid people adopting an attitude of cheap cynicism in order to appear wise and world-weary. If you're smart enough to see how bad things are then you should be smart enough to see how much good is coexisting with the bad. People have lost the...

Jim O'Shaugnessy is one of the big proponents of momentum investing and has had great returns using that (among other factors) at Bear Stearns. http://www.amazon.com/What-Works-Street-James-OShaughnessy/dp/0071452257/sr=1-1/qid=1160891764/ref=sr_1_1/102-5825823-8547342?ie=UTF8&s=books...

Great minds think alike. :D We're bumping up against a couple of trendlines on big cap indices but we just went through a few on the nasdaq and small cap indices. We might punch through the big cap trendlines in the next day or two. I'm not certain we're going to have a meltup but it's a...

Brilliant call, Einstein.

That appears to be your issue.

boo hoo...What's the calendar say again?

mew, mew...meow. Go ahead and add to your shorts, sparky. No skin off my nose.

No, I don't really want to have a pissing contest. I retract the "you don't know...." comment. I admit that's not the kind of thing that leads to worthwhile debate here. Sorry. I just disagree with so much of what you say in your post and I'm too lazy to post a lengthy response right now...

Wrong, the chart ends on September 8th. As for the rest of your post - you don't know what you're talking about, in my humble opinion.

Well lemme ask you this....What do you think would happen to the markets if the Dems win the House? What if they win both the House and the Senate? Now <i>that</i> would crash the markets. Assuming the Republicans retain both the House and Senate, why wouldn't they just continue to hold...