Just one giant headfake before the run

One other thing--the S&P 500 has ended in the green in every pre-election year since 1942. It even managed a tiny positive return in '87.

This doesn't mean we won't see more corections this year, but the permabears here are bucking some very strong seasonality.

I imagine they were spouting the same doom & gloom around May-June last year ("expect a 30% drop," "major recession ahead," etc.).


Quote from Neet:

If you dig deep enough you will find infinite reasons to be bullish or bearish, that's why the market usually has a buyer and a seller at any given point.

However, if I pull up a 1day bar chart, I see a bear flag :)

Needless to say Im a daytrader, and I dont care if it goes up 500 or down 500, either way I will do my best to ride the trend the best way I can.

Good trading.
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anyone think the price action is strange?

that is it just does not feel right?

its almost as if everybody is waiting for someone to step up to the mark and show their hand first.

i just get the feeling something smells a bit funny
 
Quote from MKTrader:

One other thing--the S&P 500 has ended in the green in every pre-election year since 1942. It even managed a tiny positive return in '87.

This doesn't mean we won't see more corections this year, but the permabears here are bucking some very strong seasonality.

I imagine they were spouting the same doom & gloom around May-June last year ("expect a 30% drop," "major recession ahead," etc.).
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I keep hearing this, the whole pre-election bull run, seems like everyone thinks that past results GUARANTEE FUTURE GAINs...
 
Quote from THE-BEAKER:

anyone think the price action is strange?

that is it just does not feel right?

its almost as if everybody is waiting for someone to step up to the mark and show their hand first.

i just get the feeling something smells a bit funny
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I have sidelined and focused on futures.I watch the composites go up and see my watchlist still bleed red. so....... :)
 
this has got to be a joke right. Dow steady falling, pathetic if it cant gain 50 points at the end of todays trading.
 
Quote from giles117:

I have sidelined and focused on futures.I watch the composites go up and see my watchlist still bleed red. so....... :)
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thats why I stick with market ETFs, they move alot quicker with the market than individual stocks do.
 
Quote from S2007S:

this has got to be a joke right. Dow steady falling, pathetic if it cant gain 50 points at the end of todays trading.
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S2000...care to revise?
 
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