I'm calling it - The Top Is In
- Thread starter swtrader
- Start date
Another early morning jump in the futures......
*S&P FUT
__1075.59__ +7.50 __+0.70%
*DOW FUT
__9855.00__ +48.00 __+0.49%
*NAS FUT
__1734.75__ +9.25 __+0.54%
You just got to love the upside this market has, at the rate these markets are going 10,000 will be coming either this afternoon or tomorrow followed by a massive run to 11000 and change, at that point if the bulls are still not satisfied with a 70%+ return from the bottom their a bunch of greedy fools. I think the rate the market is running and of course how they base everything forward looking, bernanke better wake up and start raising rates now! There is too much liquidity pushing global markets higher and everyone should exactly know what that will lead to if they do not take notice and continue to let everything remain in place.
*S&P FUT
__1075.59__ +7.50 __+0.70%
*DOW FUT
__9855.00__ +48.00 __+0.49%
*NAS FUT
__1734.75__ +9.25 __+0.54%
You just got to love the upside this market has, at the rate these markets are going 10,000 will be coming either this afternoon or tomorrow followed by a massive run to 11000 and change, at that point if the bulls are still not satisfied with a 70%+ return from the bottom their a bunch of greedy fools. I think the rate the market is running and of course how they base everything forward looking, bernanke better wake up and start raising rates now! There is too much liquidity pushing global markets higher and everyone should exactly know what that will lead to if they do not take notice and continue to let everything remain in place.
Able???
He can move them anytime he pleases. By knowing how things work on wallstreet he will wait an extremely long period of time before even pushing them back above 1% by then it will be too late, numerous asset bubbles will have formed yet again. How else do you think the economy is going to jump out of this recession, by creating bubbles, our economy cannot grow any longer on it's own, there is no organic growth left so everything has to be done by inflating the economy out of the recession.
Stop trying to call tops or bottoms and just trade price action!
if you read a few posts earlier thats where I made my point. The market could not care less WHATSOEVER, which top or bottom we have made before, where the xx-period moving average is, what anybody thinks about government assistance, the Taliban. If results for the big banks plus the rest of corporate American on average looks better than expected then the highs will be taken out this week (if they have not already as we speak just now).
In thus I can only repeat calling tops or bottoms is completely irrelevant, at least to my trading and positions and it should be to yours as well.
And what is your value proposition?
In thus I can only repeat calling tops or bottoms is completely irrelevant, at least to my trading and positions and it should be to yours as well.
And what is your value proposition?