Explain todays massive rally eod

[R. Raskolnikov]

Twitter is much better for live calls, Elitetrader is so 2005

Quote from stock777:

make all the jokes you like. my record here is documented and certified.

I know you are all ....,,' the market here, and will be ..;,, ,,.. by the eod.

too many watching for my next entry with a 95% hit rate, only those who have obtained the magik reader can actually see my calls for the forseeable future. you all made a killing on the ones I let you see, so you wont mind.

 

[stock777]

too much noise on twitter , her on et are the finest traders on the planet, hanging on every chad, uh, word.

 

[R. Raskolnikov]

Traders here are busy trading, not many follow calls here.

Quote from stock777:

too much noise on twitter , her on et are the finest traders on the planet, hanging on every chad, uh, word.

 

[Lucrum]

Quote from stock777:

nailed it

The neighbors dog in heat doesn't count.

 

[S2007S]

The Standard and Poor's 500 index has jumped 11.4 percent since hitting its lowest level of the year on Oct. 3



Thats a significant bear market rally!!!!




Wait till the drop comes....

Anyone who thinks this rally can continue is foolish.

This is what you call and irrational market!

 

[galvinlee888]

Quote from S2007S:

The Standard and Poor's 500 index has jumped 11.4 percent since hitting its lowest level of the year on Oct. 3



Thats a significant bear market rally!!!!




Wait till the drop comes....

Anyone who thinks this rally can continue is foolish.

This is what you call and irrational market!

Market can be irrational for a long time.

As long as we have people (like you and RTD) that think the market will head south, this mean we still have people in the sideline and the market will continue to go UP.

The market, however, will head South when ALL the people are "in and long", e.g. we don't have any more buyers leave over, However, this time is still NOT here yet.

 

[S2007S]

S&P FUT
1225.60 6.40 +0.52%
DOW FUT
11617.00 51.00 +0.44%
NAS FUT
2375.75 8.50 +0.36%

 

[S2007S]

Quote from galvinlee888:

Market can be irrational for a long time.

As long as we have people (like you and RTD) that think the market will head south, this mean we still have people in the sideline and the market will continue to go UP.

The market, however, will head South when ALL the people are "in and long", e.g. we don't have any more buyers leave over, However, this time is still NOT here yet.

"Is still NOT here yet"

Hmmmmm

How do you know?

No one knew 2 weeks ago the SPX would be up over 10% in just 10 trading days, and no one will know if the SPX will be down 15% in the next 3 weeks!

The market could sell off 8% this week and you would be here questioning why it fell 8%, after a huge run up like this profit taking is coming, why be greedy and still hope and wish for another 10% in the next week or so, these markets will be peaking soon as the Financial crisis here and in Europe is years and years from being fixed.

 

[Joovenile Jatt]

Quote from S2007S:

"Is still NOT here yet"

Hmmmmm

How do you know?

No one knew 2 weeks ago the SPX would be up over 10% in just 10 trading days, and no one will know if the SPX will be down 15% in the next 3 weeks!

The market could sell off 8% this week and you would be here questioning why it fell 8%, after a huge run up like this profit taking is coming, why be greedy and still hope and wish for another 10% in the next week or so, these markets will be peaking soon as the Financial crisis here and in Europe is years and years from being fixed.

My presumption is that there are more people caught short than those sitting nicely long so your idea that there will be profit taking to send the market down simply doesn't wash.

Since when did the US care about Europe? Most Americans think Europe is a town in Alabama lol, this whole Europe stuff is getting boring now, even the downgrades move the market less than me farting in the wrong direction.

The market 'predicts' things and so, even if the crisis in Europe is years away from being fixed, the market may be pricing in a slow long winded return to normality and what's to say that doesn't mean a continuous grind higher to SP 4,000 and we will all look back to the 2011 Crisis when the SP was trading at a ridiculous cheap 1200!

 

[FreakofNature]

Quote from Joovenile Jatt:



The market 'predicts' things and so, even if the crisis in Europe is years away from being fixed, the market may be pricing in a slow long winded return to normality and what's to say that doesn't mean a continuous grind higher to SP 4,000 and we will all look back to the 2011 Crisis when the SP was trading at a ridiculous cheap 1200!

Why didnt you tell us 2 weeks ago

FoN