Melt UP!!

This reminds me of every rally that turns around eventually, it always does in the end, people are left holding at the top as if its going to come back, it usually does but takes some time, I remember buying into what I thought was going to be a melt up a while back, it failed me completely and from that day on I made sure not to rush into the markets when everything was going just perfect and every thing is up day after day. This is not a real market now, its completely irrational and most should know, it seems the higher it moves the higher the price target many place, its as if no one is ever satisfied of the target thats achieved they have to raise it again and again, what catalyst can push the s$p to 1200, 1300 1500 or even 2000 is beyond me.
 
Market may close HOD...but either way, I would lighten up EOD, but it could be a very strong close with a nice gap open tomorrow to really Sell 'em.

It is an unreal run, have to admit. It feels like a ton of rats scrambling all over the place...shorts, longs, performance chasers etc.
 
Quote from adam772:

i recommend you dump your longs and start shorting. market is way over extended .
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And an over-extended market is defined....how?
 
Quote from lindq:

And an over-extended market is defined....how?
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in this case when he is screaming bloody murder and is tapping out of his short positions...
 
LoL, its ALWAYS a good idea to listen to a guy who just signed up (today!) and is giving market advice :p

Quote from adam772:

i recommend you dump your longs and start shorting. market is way over extended .
More...
 
regardless of when i signed up,
are u stating you would go long here?

and fyi: I am initiating shorts here, and thought i would share the trade with everyone.
 
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