I'm Assuming

Quote from R. Raskolnikov:

I meant going long into the close, I'd be skeptical, not necessarily what it means on a longer frame.
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Damn!!!! You must have some outrageously high standards for taking a trade!!!!

I posted during the dip at 3:07. I don't think it gets better than that.
 
Yes I do, and none of them have anything to do with listening to anyone's calls :)

But...when ur right ur right :D

Nice job.


Quote from flipflopper:

Damn!!!! You must have some outrageously high standards for taking a trade!!!!

I posted during the dip at 3:07. I don't think it gets better than that.
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Quote from R. Raskolnikov:

Yes I do, and none of them have anything to do with listening to anyone's calls :)

But...when ur right ur right :D

Nice job.
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Well.... there's being right and there's being RIGHT. I can't believe we didn't squeeze through the highs like nothing?!?!

Winning some is better then losing but I am surprised there wasn't another leg higher.
 
Quote from flipflopper:

Well.... there's being right and there's being RIGHT. I can't believe we didn't squeeze through the highs like nothing?!?!

Winning some is better then losing but I am surprised there wasn't another leg higher.
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I'm not. As I posted earlier, 1062 to 1063 is resistance on the daily chart from a trendline perspective. Also there's a lot of bullishness here on ET and shorts capitulating - that's not a good sign for a further rally. A lot of churn here at the high right now, not really going anywhere. They could be capping it here.... we'll see.
 
That's what I really meant was that with the vix being out of whack (from a day trading perspective) I would be wary of a continuation move higher at this time.

Quote from flipflopper:

Well.... there's being right and there's being RIGHT. I can't believe we didn't squeeze through the highs like nothing?!?!

Winning some is better then losing but I am surprised there wasn't another leg higher.
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and the rally continues, no need to worry people, the rally is still intact however imagine waking up tomorrow and seeing the futures down like 3%, man that would catch the bulls by surprise. Im sure they would buy it right back up to 9700+, when the printing press is on 24/7 there is no need to worry, I just want to know when they are going to shut it down....
 
Quote from S2007S:

and the rally continues, no need to worry people, the rally is still intact however imagine waking up tomorrow and seeing the futures down like 3%, man that would catch the bulls by surprise. Im sure they would buy it right back up to 9700+, when the printing press is on 24/7 there is no need to worry, I just want to know when they are going to shut it down....
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It would make sense that we get a pullback here. We probably can't get to DOW 10,000 straight from here, it would be too big of a move and would really get overextended. They want to create a bull-trend, not a parabolic blow-off. Now is a great time to pull back a bit, and then reset for another push higher. It's right at a wait-and-see point.
 
Quote from S2007S:

and the rally continues, no need to worry people, the rally is still intact however imagine waking up tomorrow and seeing the futures down like 3%, man that would catch the bulls by surprise. Im sure they would buy it right back up to 9700+, when the printing press is on 24/7 there is no need to worry, I just want to know when they are going to shut it down....
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When you find out, please let us know.
 
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