ummm, that was sarcasm by me, amigo.
S&P 500 looking very toppy
- Thread starter rubberbird
- Start date
ummm, that was sarcasm by me, amigo.
...and mine isnt ?.......
(diary note; must practise pithy come-backs)
hehe
Negative.
This is only where we got (approx) on last weeks high aka double top.
I donât care to be a hater but you seem very stubborn. I was bias to the short side too. I think economy sucks. I see a lot of people without jobs, high home prices, outrageous debt but rich people are doing fine. Rich people are the players in the markets and have nothing to do with there money. I know nothing and hope you make money but does not seem likely.
The background can also be the platform for a bull market. Try not to get too ensconsed in the fundamental view. The sam background existed in 1974 and the Dow took off in earnest in 1982 when mutual funds had their biggest withdrawals (since the 1925 inception). The difference is the prevailing psychology which is extreely positive. In 1974 most people thought the world was gonna end.
Stubborn? Nooooo, he is flexible and adaptive to the situation;
but only in his mind, because when he's 10 points winning it's a great trade, and when he's 10 points wrong it's "approx" where the resistance is. That's what he meant with flexibility.
I took so much stuff that is saw us jumping up 10 points from the low of today. Yeah, great stuff!!!
scotty is dead.
and so is the mkt.
r.i.p scotty.
and so is the mkt.
r.i.p scotty.
interesting. bottom line, I only care about my bottom line. Nothing else. And for the last 10 years, every one of them has a "+" sign before the % return (and they're all in double digits). Can you say the same thing?
Excellent quote. The fundamentals are for business school professors, and they cannot trade. A stock has never moved short term off of its fundamentals. Don't get too caught up in 'em.