Irrational Exuberance
Boy Who Cried Bear Says We Are Going Down
- Thread starter shortie
- Start date
100% UP ROOM TO GO!! $$
)Pretty good chance we get a serious correction in the next couple of years, probably test the lows. The Fed will try everything they can to stop it, so we will have to see.
If the volume picks up like it did in 05 and 06, then we know that the Fed has succeeded in goosing it higher so more of the sheeple get drawn in before the slaughter.
But shorter term I would be quite surprised to see a severe correction. More of a rounding off top or even go a little higher and then when everybody is board with the markets it will hit with a vengeance. Vix is still heading down and could stay down for quite a while. Just my 2 cents.
If the volume picks up like it did in 05 and 06, then we know that the Fed has succeeded in goosing it higher so more of the sheeple get drawn in before the slaughter.
But shorter term I would be quite surprised to see a severe correction. More of a rounding off top or even go a little higher and then when everybody is board with the markets it will hit with a vengeance. Vix is still heading down and could stay down for quite a while. Just my 2 cents.
Big boys also like to have an eye on where more stop orders are sleeping. if they realize bulls have a tight trailing stops more than bears who shorted around 1140 to 1150 , Then its possible to see the drop, otherwise if there are more stops above 1150 ( like mine ) then they buy on monday and tursday to get them ...
market always has a tendency to go toward where more stops are... I am sure you know why....
Also market turns around when there is not even one single man talking about shorting.......
for sure it will be an interesting week ahead of us. I am short too, but the only hope for me is if we get a drop vith increasing ATR and VIX,
A sharp drop has a lot better chance to force the bulls panic and get out, otherwise if it drops slowly , new buy orders will come in.
generally that has been the major issue through out the last 2 weeks, a small drops and then No backup for shorts. a lot of stops are hit and has scared bears big time.
market always has a tendency to go toward where more stops are... I am sure you know why....
Also market turns around when there is not even one single man talking about shorting.......
for sure it will be an interesting week ahead of us. I am short too, but the only hope for me is if we get a drop vith increasing ATR and VIX,
A sharp drop has a lot better chance to force the bulls panic and get out, otherwise if it drops slowly , new buy orders will come in.
generally that has been the major issue through out the last 2 weeks, a small drops and then No backup for shorts. a lot of stops are hit and has scared bears big time.