august tops

Quote from Jeffo:

Hope this isn't too off-topic but could anyone comment on what's been ailing the financials lately? Maybe that would be somewhat relevant to the topic somehow.
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The Bond break is leading to worries of excessive OTC derivitives exposure. The same money center bank's that had great first half earnings via trading profits may see those profits turned to dust.
 
Quote from super-ego:

IMO lower prices Monday=Buying opportunity.
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I agree with buying low since trend is still strong based on MACD value. Curious how do you narrow it down to Monday?
 
It would appear that the so called August top is nothing more than a temporary pullback. The market is obviously poised to sky rocket. Just as all the rookies fell into the trap of "bear" mentality, the market will once again prove them wrong. The bear is dead and the bull will run, crushing all the shorts in its path. The semi's in particular have had a great run and tomorrow a news report will confirm that China has increased its demand for semiconductors. Tomorrow we will also witness the revised GDP which will be positive. So, August top? I don't think so. Not now, not in September. At best we MIGHT (though the odds are slim at this point) see a pullback in the SOX to its 20ema.
 
Quote from Solace:

It would appear that the so called August top is nothing more than a temporary pullback. The market is obviously poised to sky rocket. Just as all the rookies fell into the trap of "bear" mentality, the market will once again prove them wrong. The bear is dead and the bull will run, crushing all the shorts in its path. The semi's in particular have had a great run and tomorrow a news report will confirm that China has increased its demand for semiconductors. Tomorrow we will also witness the revised GDP which will be positive. So, August top? I don't think so. Not now, not in September. At best we MIGHT (though the odds are slim at this point) see a pullback in the SOX to its 20ema.
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Exactly what I have been saying right here since April.....but everyone screaming at me, bashing, calling me names... when I am only here to help people stop losing money shorting.....

Geez what dont you shorts get?? Everyone is short/getting short waiting for 'the crash" ... Since when is the majority right?

Squeeze the cheese baby!!!
 
Like I originally posted on the "S&P 500 Looking Very Toppy" thread, I feel we will continue to move upwards. I also feel that the bear will be in his cave for awhile, because he is full from all the bloody carcasses he left behind. :eek:
 
Traders are creatures of habit and although many made money in the bear run we had from mid 2000 to Oct. 2002. The times have changed and we are in a Bull Movement. Will we see Nasdaq at the 5,000 mark? Or Dow 12,000? Who knows. But, do you really want to hold a short position all the way up? Go with the flow. Look at a Dow or S & P chart over the past year. Then go to your arts and crafts box and whip out a ruler. Here's the tricky part, draw what is called a "trendline" and look! Surprised? You get an uptrend don't you? But mass conditioning is what the specialist and market makers do to the poor souls out there that get swept into a hypnotic state and keep shorting regardless of market conditions. "Oh but the volume is soooo light this move can'ts be reals!" they cry. Guess what... IT IS. and volume smolume. It doesn't matter. The fact is the market is moving up and up and next week up. That's how people like me make so much money in the market with our swing positions. We don't get caught up in the way things use to be. I did not keep buying the market in mid 2000 just because we had a phenomenal run up.
 

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