Go long SPY again, make money again!

I sometimes think people WANT to lose money! Never pick tops in an instument that is designed to go up over time!!! Long trades only! You'll thank me one day.
 
Quote from Petsamo:

I went 100% long Friday mid-day at EWZ 71.77
devilchilli.gif
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I like that dancing devil. But it's now wrong to make moola , no need to feel guilty ...
 
Markets jammed higher at the open and stay higher all day, notice in the last couple of hours there hasnt been the slightest pullback, this will be the case until the close. Markets have been making intraday highs about every 20-30 minutes. If the markets close where they are right now they will have erased every loss from Fridays close, I thought it would have taken at least one extra day but who was I kidding.
 
Quote from S2007S:

Markets jammed higher at the open and stay higher all day, notice in the last couple of hours there hasnt been the slightest pullback, this will be the case until the close. Markets have been making intraday highs about every 20-30 minutes. If the markets close where they are right now they will have erased every loss from Fridays close, I thought it would have taken at least one extra day but who was I kidding.
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It is pretty amazing, but I am still waiting for the up 2% day.
 
More new intraday highs since I have written that last comment....

DOW
11996.94 +105.01 +0.88%
NASDAQ
2742.09 +42.01 +1.56%
S&P 500
1302.98 +16.86 +1.31%


3 MINUTES LATER

DOW
12007.12 +115.19 +0.97%
NASDAQ
2744.30 +44.22 +1.64%
S&P 500
1304.39 +18.27 +1.42%


:p :p :p :p :p
 
Don't fight the irrational exuberance of our friendly HFT's, who have taken over daily market volume (over 70 % now). Of course, you don't want to be left holding the bag, when the correction comes. And believe me when I say it, you will know when it comes :(
 
DOW
12008.75 +116.82 +0.98%
NASDAQ
2750.43 +50.35 +1.86%
S&P 500
1305.04 +18.92 +1.47%


The nasdaq hasnt taken a breather since opening up this morning, just straight up.....

Markets have officially erased all of Fridays losses in less than 1.5 trading days.


UPDATE 1 minute later

DOW
12015.18 +123.25 +1.04%
NASDAQ
2751.28 +51.20 +1.90%
S&P 500
1305.78 +19.66 +1.53%


ITS GETTING extremely hard to keep up with these intraday highs, instead of every 20 minutes its becoming every 2 minutes....unfuckingbelievable!!!
 
Cant make shit like this up...



First of month buying, short covering, Pomo, weak dollar, hft push = just get the fuck the fuck out of the way...



Almost wish Egypt didn't happen, level may have popped a little more than failed naturally, instead everyone blamed it on Egypt and piled right back in....
 
Quote from Jackie Treehorn:

Almost wish Egypt didn't happen, level may have popped a little more than failed naturally, instead everyone blamed it on Egypt and piled right back in.... [/B]
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Egypt ? What's Egypt ? Oh, you mean that ancient history from last week ? HFT algorithms don't look at ancient historical news events. They just keep the trend moving. Boy, oh boy, can you imagine the acceleration of the market fall, when the HFT's computers decide that we are in a correction ? It'll be a friggin' tidal wave...

Until that time, enjoy the LONG ride....anyone for DOW 12,300 by the end of the week ?
 
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