Good chance Market near a short term high.

dgabriel · Nov 22, 2005

Indexes rally to new highs, most indicators overbought.

VIX is at a 2 month low and stretched to the downside, but the worst thing about this rally is deteriorating market breadth.

Next 2 weeks may see the market at least 3-4% lower.

MVP · Nov 22, 2005

hope you are not short

EqtTrdr · Nov 22, 2005

Quote from MVP:

hope you are not short

exactly

GreenDog · Nov 22, 2005

only a rookie would be short here (that doesn't mean you can't take a little off the table on the long side, though).

granville · Nov 22, 2005

I'm long at the moment and doing fine

Enfinity · Nov 22, 2005

Look back about ten+ years, the VIX has been moving at extremely LOW levels! You can't fight Wall Street, wait until Q1 '06...evaluate then.

Quote from dgabriel:

Indexes rally to new highs, most indicators overbought.

VIX is at a 2 month low and stretched to the downside, but the worst thing about this rally is deteriorating market breadth.

Next 2 weeks may see the market at least 3-4% lower.

dgabriel · Nov 22, 2005

You guys are all chumps. IF you think now is the time to go long, get your McD's applications ready. Or, you can come and clean my house for a better wage.

I stand by my first post.

Read my post 8 weeks ago on the market at a short term low.

Enfinity · Nov 22, 2005

You can't fight the Fed, no one can...

dgabriel · Nov 22, 2005

Anymore platitudes Enfinity?

Restricted · Nov 22, 2005

Quote from dgabriel:

You guys are all chumps. IF you think now is the time to go long, get your McD's applications ready. Or, you can come and clean my house for a better wage.

There is no bad time to get long. Up up and away.