I want to bet the farm

romik · Apr 22, 2015

londonkid said:
A hard stop above the ATH? you wont be the only one putting your stop there

Obviously, most retail traders won't have their stops there though, retail traders have stops mostly within the range of monthly chart, pros have them outside, so I would rather be there than within the noise.

povstanets · Apr 22, 2015

I'm thinking a short lived decline before their hand is forced QE4 kicks in

Nine_Ender · Apr 22, 2015

povstanets said:
I'm thinking a short lived decline before their hand is forced QE4 kicks in

This is a good example of how people get fooled reading crap on the internet. There will be no QE4 this year, and the fed couldn't care less how the markets value companies, provided that the underlying economy is ok. The US economy is doing better then expected in reality. The rallying $US tends to indicate something about macro economic policy isn't being understood by some posters on here, it's a complicated aspect that demands far more then knee jerk emotional reactions on the internet every month.

i960 · Apr 22, 2015

Nine_Ender said:
The US economy is doing better then expected in reality

Seriously doubt that.

Nine_Ender · Apr 22, 2015

i960 said:
Seriously doubt that.

I don't think you understand what "expectations" are. Here's an exercise for you. Go back to 2009-2010 on this site and see what many posters expectations were for the US economy and the US markets. Now try to tell me that the US economy today somehow undershot those expectations. Come on now, there were many people seriously saying a depression was inevitable by now.

povstanets · Apr 22, 2015

Nine_Ender said:
This is a good example of how people get fooled reading crap on the internet. There will be no QE4 this year, and the fed couldn't care less how the markets value companies, provided that the underlying economy is ok. The US economy is doing better then expected in reality. The rallying $US tends to indicate something about macro economic policy isn't being understood by some posters on here, it's a complicated aspect that demands far more then knee jerk emotional reactions on the internet every month.

But isn't the dollar only rallying due to the end of QE3? If anything it would seem a strong dollar is detrimental to a strong economy and the topped out S&P seems to be reflecting this.

newwurldmn · Apr 22, 2015

Nine_Ender said:
I don't think you understand what "expectations" are. Here's an exercise for you. Go back to 2009-2010 on this site and see what many posters expectations were for the US economy and the US markets. Now try to tell me that the US economy today somehow undershot those expectations. Come on now, there were many people seriously saying a depression was inevitable by now.

2009 expectations are irrelevant. So many things have changed since then including three QEs and a mandate change in the ECB.

It would be like holding a elite trading member to a comment they made three years ago claiming they are going to leave this site and demanding all their posts be removed.

lawrence-lugar · Apr 22, 2015

romik said:
When I see this I want to bet the farm, do you?

Don't go to the woods if you are afraid of wolves! No risk, no champagne!

"Sometimes you gotta say "What the Fuck", make your move. Joel, every now and then, saying "What the Fuck", brings freedom. Freedom brings opportunity, opportunity makes your future." -- Risky Business, 1983 movie

londonkid · Apr 23, 2015

romik said:
Obviously, most retail traders won't have their stops there though, retail traders have stops mostly within the range of monthly chart, pros have them outside, so I would rather be there than within the noise.

the big short is looking ugly now isn't it! I wonder if they will go for the retail stops at the ATH

. Last week 65% to 70% of street money was short. rofl

romik · Apr 23, 2015

londonkid said:
the big short is looking ugly now isn't it! I wonder if they will go for the retail stops at the ATH . Last week 65% to 70% of street money was short. rofl

I haven't initiated a short, I've learnt my lessons over the years to wait for price to confirm analysis. Will let you know when I do get short. As a side note, Naz is getting very close to 2000 level. Gold seems to be trying to find a floor after months of ranging. In fact, monthly chart points to an upward breakout in Gold, all depends IMHO whether we break though Naz ATH or retrace. I don't think savvy investors are currently accumulating stocks at these levels.