Gotta love ZERO RISK in the SP500 = $$$

[T280]

Quote from myminitrading:

Here is reality, all equity indexes are above their 10,20,30,40,50,60,70,80,90,100,200 day moving averages.

Oh yes lets short the market, trade in the direction of the major trend, stop trying to flip from short to long. Buy the dips in a rising market.

I meant all your posturing about picking bull markets 4 years ago and bloomberg data... what a wank... when will you tossers learn that bragging is the first sign of bullshit and insecurity?

 

[trickshot]

Quote from Wetton:

Hats off to the dip buyers. This morning I thought for sure we would see some selling with conviction. I had put on some index shorts yesterday (no, not calling a top, just a trade) and when I read HSBC's news this morning, it sure felt like we could get some downside momentum. I rubbed my greedy little hands together as I sought to profit from the misery of others.

But alas, it was not to be.

This market is truly, super unstoppable (phrase of the day).

I would have done the same thing 3 months ago, but not anymore nowadays.

As I said, this is a runaway bull market, shorts will always be squeezed, the only way to go is buy dips.

 

[volente_00]

Quote from myminitrading:

Here is reality, all equity indexes are above their 10,20,30,40,50,60,70,80,90,100,200 day moving averages.

Oh yes lets short the market, trade in the direction of the major trend, stop trying to flip from short to long. Buy the dips in a rising market.

All equity indexes were above all of those averages in March of 2000 as well.

 

[EqtTrdr]

No worries... with oil absolutely rocking afterhours .... this market is sure to close up +5% tomorrow..


I love 100% up room to go with ZERO risk

 

[S2007S]

oil flying high and the hsbc news is only more bullish for this market....

once oil gets back to 70+ ill start shorting, thats when the talking heads will call for 150 a barrel and before you know it hybrid sales will soar.

 

[makloda]

US sub-prime lenders going down the drain = rate cuts = more risk free cash on the long side

 

[austinp]

<i>"All equity indexes were above all of those averages in March of 2000 as well."</i>

They weren't traders in March 2000. Next crop of newbies to learn their lessons on how a two-way market works. Oil futures newbies just finished those same lessons this year.

Long 'til it's wrong... then change horses

 

[makloda]

Quote from austinp:

They weren't traders in March 2000. Next crop of newbies to learn their lessons on how a two-way market works. Oil futures newbies just finished those same lessons this year.

Isn't it ironic how many post 2000 bears were grilled and wiped out in 2003? I am not sure about you, but I prefer not to fight the trend

 

[austinp]

<i>"Isn't it ironic how many post 2000 bears were grilled and wiped out in 2003?"</i>

In reality, all biased traders get wiped out in the inevitable reversal of market direction.

1994 - 1999 bulls died in 2000 - 2001

2000 - 2002 bears died in 2003

2003 - 2007(?) bulls will die a similar death

Two-way traders go on forever

 

[makloda]

Quote from austinp:2003 - 2007(?) bulls will die a similar death

Two-way traders go on forever

2007, end of bull market where have I heard that before!! I prefer not to predict and anticipate major turning points in the market. I heard many people got blood noses trying to do that