Once again bulls continue to win

Quote from myminitrading:

Everyone should be making money hand over fist buying these dips, If your not then hang it up right now! because a blind man can make money in this market.
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Absuletly agree 1000%!

Its a no brainer. If your not making $$$ .... u never will.

Drop a dollar on the floor, reach down and pick up $1.20.

Its why im not trying to out think anything right now. been sitting back and enjoying the Ben Frankings marching in since middle of last year.
 
NEW HIGHS . . .

The sideways correction that started in late November ended on Monday of this week.
This next leg up in the bull trend now targets the 1461.20 / 1464.35 levels, initially.

Should reach a minimum of 1478 / 1491 in the next 4-6 weeks.

:)
 

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Quote from john12:

you're full of it. everyone's worried? then why are so many bullish sentiment #'s screaming now? why is the vix 9? why has not one person on tv in 4 months mentioned a possible correction?why is every magazine and tv story wildy bullish? everyone tries to make out that theres all these bears to justify the mania. there's few bears and thats the facts
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I couldn't disagree more. I follow sentiment VERY closely. There's a ton of hedge fund shorts and under invested portfolio guys.

Low Vix? Ever consider that there's many (my self included) who're short calls? Not all bears buy puts. And if you remember last Thursday (an eternity ago) the VIX went bid huge on the afternoon break.
 
go look at sentiment #'s in barrons weekly. its screaming bullish. ubs investor optimism near 100% and several others in there going wild. it matters little as i've seen bullish sentiment off the charts for months on end with no downside. when this is ready to go its ready to go
 
Quote from SamuelEngland:

Not that I like to take sides in these bull/bear arguments... but whatever happened to Bluestreek? :D
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Probably changed his name to Greenstreek :)
 
Bernanke had to deliver positive news. Worldwide markets are very bullish, it is not just a US phenomenon. Too much money lying about with no home to park except equities. Leverage being used to the hilt. Will it ever end? YES. When? No one can tell. In the meantime, better not to argue with the trend. I have tried and gotten nowhere http://lauristonletter.blogspot.com/
 
Remember when the fed actually tried to cool markets and the economy? Not in this country. This goes on until a financial apocalypse takes place.
 
"Stocks have reached what looks like a permanently high plateau." --Irving Fisher, Professor of Economics, Yale University, 1929.


***Shorted 5 times, and my beliefs of market action were wrong, got 7 seperate indicators (non price derived ) telling me its time to run for the hills but everyone's question is when ? Are we to await the 4 Horsemen of the Apocalypse ?

I suppose this time things are different, l cut my teeth when the Tech Bubble was bursting , and being naturally a manic depressive l tend to prefer short selling than going long. Maybe its just me but do not find it natural to trade on the long side.
 
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