You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
http://www.barchart.com/stocks/momentum.php over 70 ,who's left to buy,,percentages coming down from last week,possible distribution
Quote from ammo:
http://www.barchart.com/stocks/momentum.php over 70 ,who's left to buy,,percentages coming down from last week,possible distribution
I still see another 30-45 points higher before a pull back of 4% or more.
Quote from ammo:
http://www.barchart.com/stocks/momentum.php over 70 ,who's left to buy,,percentages coming down from last week,possible distribution
Short covering is also a buyer, this rally is hated, as long as the hate remains the uptrend will continue.
These are new all time highs, therefore there is zero resistance.
wrong trader .fighter.Wall street uses this as an excuse to justify higher prices. No different than a few yrs ago that a weaker $ is great for stks then when the $ got stronger not a word. How about 4 weeks ago weaker gold was good for stks then when gold re ran stks went even higher.When the time is right this will end in horror never seen before but not till its ready. oh the best is before big drops theres so much cash on the sidelines we're going much higher
Quote from hafez50:
wrong trader .fighter.Wall street uses this as an excuse to justify higher prices. No different than a few yrs ago that a weaker $ is great for stks then when the $ got stronger not a word. How about 4 weeks ago weaker gold was good for stks then when gold re ran stks went even higher.When the time is right this will end in horror never seen before but not till its ready. oh the best is before big drops theres so much cash on the sidelines we're going much higher
If and when the so called horror begins, momentum will be lost, change of direction will begin, and new momentum to the downside will follow, that time is not now, when its time to short, I will short, because I dont short uptrend, but most important, I dont need to short the top to make money, lower highs in a downtrend are perfectly fine.
Quote from ammo:
they won't be sending out forewarning emails
All these theories and beliefs lead to nothing but pain, in the meantime what have you got to show for this furious rally in 2013?
They did not send a bull email either, oh wait, Bernanke did, totally forgot that.
Will this have an end?
Of course it will, but no reason to predict it, it's a painful process doing so, as you well know.
Puked at close Friday all but 1 and bought a weekly call 1690. Double rejection of 1670 and month end bodes well for bulls. The higher the pig gets pumped the harder it will fall.