Today is the day. Get long for another 10% move into year end.
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S&P has topped for 2006
- Thread starter thorn
- Start date
Quote from EqtTrdr:
I love how all fear is totally gone
As Clausewitz explained very well on Information in War, "a great part of the information obtained in war is contradictory."
So for the sake of balancing this quote from EqtTrdr, the following shows that it is not that clear, that there is no fear in the market.
LONDON (MarketWatch) -- More fund managers think equities are overvalued than undervalued for the first time in more than two years, even as economic worries are diminishing somewhat, according to a Merrill Lynch survey released Tuesday.
Merrill said a net 19% of fund managers in November say global equity markets are overvalued, ahead of the 18% of respondents who believe they are undervalued.
According to the survey of 216 managers who run about $611 billion in assets, 62% of respondents believe equity markets around the world are fairy valued.
lol got everyone thinking the sky was the limit and tons chased this am and bamm crushed them. non of us have any idea were this goes. we're at the mercy of our masters and they tell us to buy or sell. i can make a good case those econ #'s this am were very bad for the market as they indicate price delfation and a looming recession after the new year. but till our masters tell us this run is over its status quo
The call to SHORT @ 1390 is only GOOD for a Trade at this point.
Nothing wrong with calling for THE TOP for 06 either. It just makes for greater Mkt Liquidity.
However my experience with calling for a MARKET TURN has NOT been succesful without seeing a CONFIRMATION.
Just because we have backed off 1390 a few times has only been GOOD FOR A TRADE for now.
I need to see a CLOSE BELOW 1380 in the DEC S&P futures to CONFIRM that we have seen our HIGHS for the year.
Otherwise, I'm playing this Trading range.
Nothing wrong with calling for THE TOP for 06 either. It just makes for greater Mkt Liquidity.
However my experience with calling for a MARKET TURN has NOT been succesful without seeing a CONFIRMATION.
Just because we have backed off 1390 a few times has only been GOOD FOR A TRADE for now.
I need to see a CLOSE BELOW 1380 in the DEC S&P futures to CONFIRM that we have seen our HIGHS for the year.
Otherwise, I'm playing this Trading range.
Going short at any point of this market without a difinitive indicator is stupid.
Ok it hits 1390..and then goes to 1400 and later 1420 oh your screwed
Ok it hits 1390..and then goes to 1400 and later 1420 oh your screwed
LOL the stop
always falling back on the stop
After the stop triggers your gonna go short again? And again? Sooner or laterit wont make a difference.
And if it gaps the stop won't do you much good now will it?
Remember MNCS? Stop didnt do us much good.
always falling back on the stop
After the stop triggers your gonna go short again? And again? Sooner or laterit wont make a difference.
And if it gaps the stop won't do you much good now will it?
Remember MNCS? Stop didnt do us much good.