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Reasons to be bullish
- Thread starter noddyboy
- Start date
The reason to be bullish was in the chart screw the fundamentals. The chart doesn't lie.. Now all you have to do is wait for confirmation to go short again, just don't go short just because you feel bearish. LOOK AT THE CHART LOOK AT THE CHART...
Quote from focusonmoney:
The reason to be bullish was in the chart screw the fundamentals. The chart doesn't lie.. Now all you have to do is wait for confirmation to go short again, just don't go short just because you feel bearish. LOOK AT THE CHART LOOK AT THE CHART...
What level do traders see as a firm area to reverse from?
Very important area here, very important. Will set the tone for the coming weeks.
http://elitetrader.com/vb/showthread.php?threadid=170915
http://elitetrader.com/vb/showthread.php?threadid=170915
I like simplicity.
Given the fundamental condition of the economy, is cash dedicated to the long side of the markets now better late or never?
Given the fundamental condition of the economy, is cash dedicated to the long side of the markets now better late or never?
Quote from noddyboy:
Put buying? Market rallies with increasing VIX are rare events but bullish.
Here's the low down...
http://www.zerohedge.com/article/other-plunge-protection-team-122017-december-spy-95-puts
Quote from paysense:
What level do traders see as a firm area to reverse from?
Well there is some resistance at 1007 area or so, but that's not the main thing to worry about.. Look for funny price action example: Huge Vol on up move, false break out from consolidation, double top with big red bars, etc..
No one said trading was easy LOL
Quote from eminitrader007:
Markets have done better under Democrats, why fight this strong trend. Thank God for President Obama who has rescued the economy and kept us safe from terrorist attack on our soil.
http://www.perrspectives.com/blog/archives/001266.htm
http://www.nytimes.com/interactive/...14_OPCHART.html
http://www.slate.com/default.aspx?id=2071929
Currently the best bet is to go long. There are going to be corrections on the way but history is on the bull's side. Buy any dip.
A dip is a 7% decline in the S&P from the high.
Sell when a Republicon becomes a president.