Hey all you price predictors: when is a pullback gonna come?

[failed_trad3r]

Quote from gdtrader:

I actually give up.... don't think this thing will ever pull back this is someone who still sitting on his shorts getting ripped. Just sending the account to suicide at this point give up... fml

That's dumb, after another 3-4 weeks of rally a big selling opportunity will come.

 

[GrandSupercycle]

SP500 daily remains very overextended and prone to sell off.

 

[wiesman02]

Quote from GrandSupercycle:

SP500 daily remains very overextended and prone to sell off.

Every single time this market attempts to sell off, you have buyers stepping in and pushing the market back up. Every time we've been threatened with a 1% down day, we rally back.

In addition, bull markets are classic for tricking newbie traders like yourself into thinking the market is overextended because its gone up more than you think. You short, and the market goes up another 10 to 15% and you scream overextended all the way to bankrupt! Classic bull market. Its happened to me plenty of times, but not any more. Go long, and reverse after you see a clear signal to get out.

Predictions get you nowhere.

 

[1a2b3cppp]

Quote from failed_trad3r:

We are gonna hit SPY 135+. We are in rally mode for the next month. Maybe at the end of february finally get a 2% down day. Before that very unlikely we sell-off.

Are you heavily long right now if this is your belief about where price will go?

 

[1a2b3cppp]

Quote from wiesman02:

Every single time this market attempts to sell off, you have buyers stepping in and pushing the market back up. Every time we've been threatened with a 1% down day, we rally back.

In addition, bull markets are classic for tricking newbie traders like yourself into thinking the market is overextended because its gone up more than you think. You short, and the market goes up another 10 to 15% and you scream overextended all the way to bankrupt! Classic bull market. Its happened to me plenty of times, but not any more. Go long, and reverse after you see a clear signal to get out.

Predictions get you nowhere.

Can you quantify the conditions for a "clear signal to get out"?

 

[wiesman02]

Quote from 1a2b3cppp:

Can you quantify the conditions for a "clear signal to get out"?

Yes

 

[failed_trad3r]

Quote from 1a2b3cppp:

Are you heavily long right now if this is your belief about where price will go?

No I'm short. But this is a prediction thread. My prediction is momentum will keep running and make me lose money. If you look at the rally of april 2010 and october 2010 and januari 2011 u will see the last three years have exceptional rallies and it is unlikely momentum wil just stop after only a few weeks of rally. we need a few more weeks of rally for a real sell-off of 2%+ imo.

 

[1a2b3cppp]

So today was another up day with a small range and low volume.

What's that mean? Can any accurate predictions be made from that bit of information?

 

[S2007S]

Tomorrow job report should just give another boost to the market, I think the market wont stop moving higher until 1360-1370 range is met, maybe they will climb it all the way to 1400+, of course what goes higher always comes back down....markets always find a bottom and they always find a top, this time the top is what people have to be worried about.

 

[Wide Tailz]

Quote from GrandSupercycle:

SP500 daily remains very overextended and prone to sell off.

SP500 daily remains in an up trend and is prone to keep going up.