Looks like a market break out brewing

well I just sold all of my long positions, and put all of my chips short the financials. If they aren't preforming on a day like today, they should have a big down day even if the market is flat tomorrow.
 
Quote from Rex84:

well I just sold all of my long positions, and put all of my chips short the financials. If they aren't preforming on a day like today, they should have a big down day even if the market is flat tomorrow.
Good move. History (Thanksgiving week) repeats again. Anyone not selling this afternoon will probably be in pain next week.
 
Quote from stock_trad3r:

The intraday chart on the DJIA coudn't be more bullish. Note the price compression. Easily end the day up 300.

Sure looked that way, until you opened your fat, dumb mouth again and the market pulled back from a 300 point close to 250.

You're priceless when it comes to contrarian indicators!
 
Quote from Ivanovich:

Sure looked that way, until you opened your fat, dumb mouth again and the market pulled back from a 300 point close to 250.

You're priceless when it comes to contrarian indicators!


How about those who faded me when the dow was at 8500? or 8300? there is no stock_rad3 fade.
 
Quote from NeoRio1:

The monthly trend is up.

The weekly trend has been in a down swing but it looks like the weekly trend is going to be confirmed into an uptrend soon.

Monthly trend on SPX is not up, you need to read up on how to establish a trend.
 
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