Gotta love ZERO RISK in the SP500 = $$$

Old adage still stands - buy low, sell high. Whenever price is high look for price weakening and vice versa. Risk to reward is more than appropriate, even if one gets stopped out a few times. Now is one of those situations. Smart money isn't going to keep on accumulating at these levels.

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romik said:
Old adage still stands - buy low, sell high. Whenever price is high look for price weakening and vice versa. Risk to reward is more than appropriate, even if one gets stopped out a few times. Now is one of those situations. Smart money isn't going to keep on accumulating at these levels.

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Your chart suggests now is similar to 1997. The index rallied up heavily after that point. There is a lesson there for you. I think it's funny you posted a chart that suggests the exact opposite of what you are trying to defend. I can think of more fundamental reasons for a correction, but the technical's aren't helping you here.
 
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Nobody is perfect mate, here is yours from 2010..."Markets will not double but the long bias may be decent over the next 9 months, especially in commodity based stocks."
 
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