Dow is overheating!!!!!!!!!!

Yup, shorts are feeling the burn. It will top out soon enough I think, but as long as the trend remains intact I would not short it if you gave me YOUR money! Bears just need to wait until the game is up, and if you're a trader... be cautiously long until that time.

Goodluck,
 
hmmm....COMP breaks the 2k handle....INDU cuts through 10400 like butter.....SPX closes nicely over 1100...AND Tom Ridge comes out telling everyone the nation is a much safer place to be......it`s all a little to "happy" for me....
 
Oh today I had so much fun running those stops on all those shorts.....like shooting fish in a barrel......sometimes you get money handed to you!:D
 
I've been watching the nearly-parabolic ADX move in both the Dow and S&P 500. Don't try to short this market right now -- it is like stepping in front of a speeding freight train.


Quote from jrs3:

ADX to the moon RSI 77 wow! Weekly RSI 74 these vertical moves are not healthy
More...
 
i think this could be partly tax related. the market is up big this year. everyone has gains they dont want to book till jan 1 at the earliest therefore no sellers.
 
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