Search results

Might see a pullback to the low 60s before we print new ATHs come Thursday or Friday, yes?

I also think he said 3090 before 2950 and we dropped 100 points below that. Anyway. Here we are. And big picture - it was indeed a good call. I wouldn't dream of making such long term calls in 'unchartered territory'. Short term (end of this week) I think we print 3100. But what from here...

Actually, you did: "This bull market has burned me on swings because of Trump." Then you go on ranting again. Trump may be doing all that. He's certainly creating uncertainty and tends to be unpredictable. However, that's a good thing for traders. It seems like people are very emotional...

Care to elaborate?

Many people have been doing that since the end of 2009, yet here we are - 2400 points higher (360 % price gain). You should not blame others for making bad trading decisions. That will not give you any progress as a trader. I for one do not want 2017 again as the volatility was generally too...

Okay. Is that some commonly known definition of a bull market? Steepness? Slope? Because it's the first time I've heard it. :) It's hard to argue that a market which keeps going higher is anything other than a bull market. People's opinions and political biases seems to keep people from...

We made ATHs on 4/5 days this week and closed the week at ATHs. I think we can see a pullback (or not) early next week, but I definitely see new highs by end of next week.

One may start to wonder...

LOL. Okay. :) It is indeed a bull market though.

With regards to fundamental analysis - do you factor in actual demand for stocks? I don't know about the US or the rest of the world, but I know that in Norway, people traditionally have NOT been investing/saving in stocks. That's changed dramatically the last few years and now you the regular...

True. I actually wrote about that in this journal in June and I'm not saying we will have huge rallies from here - just pointing out the obvious which is that we're making ATHs and currently going up. Most of the sizeable corrections have had ample opportunity to join on the short side, so...

That's just your opinion and probably your way of rationalizing why the market didn't sell off (your expectation). Maybe dumb money ain't so dumb after all considering that there's been plenty of low-volume rises on this bull and we keep inching higher. On a fundamental note - most companies...

And the board quiets...

The daily ranges are also smaller than they have been lately, so that's to be expected. You can't take more than the market offers. I think you're doing great!

Which is why I find the idea of making trading decision based on fundamentals flawed, but apparently it works for you, right? I've seen so many 'irrational' market movements for the time I've been following the markets that I've stopped trying to make sense of it and trade 100 % technical.

Should see 2 consecutive 'Up Days' for the remainder of the week, I think.

Interesting comments on Sierra. Sierra does seem to be a superior platform, but I'm stuck with Ninjatrader 8, which have been a major disappointment. If I weren't 'married' to NT8 and having used it forever with multiple custom indicators coded for it, I'd find something else probably.

Because you seemed a bit cocky earlier and I figured you could handle it. Also, because you seem to be doing the opposite of the sage advice offered by Jesse Livermore in the quote you posted from him. :)

Should see a close above 3000 today and a push towards/above 3010 by the close.

And the board quiets...