S&P has topped for 2006

[S2007S]

Quote from ACM Trader:

Some short are getting squeezed, here. Namely, the crowd shorting the "manipulation" of the rallye pre-elections.

I really dont believe this is a short squeeze....

Nasdaq up 85 points in 7 days???

 

[apex82]

Quote from Tums:

I won't confuse solid buying with MM running them stops.

You think a 3 point spike in 5 seconds is from strong buying... you need to catch up on market mechanics... stops are hit and then buying can come in.

 

[S2007S]

Quote from tubytrader:

the world is good. everyone has jobs, no risk in the world, etc........I cant make anymore excuses. I surrender

i knew that should have been the reason to go long back in May and June when everything was tanking and everyone said 10,000...

 

[ACM Trader]

OK, just voted yes to the poll !

 

[ACM Trader]

Quote from S2007S:

I really dont believe this is a short squeeze....

Nasdaq up 85 points in 7 days???

What do you believe, then, S2007S ?

 

[apex82]

Tomorrow should be interesting. This market is prone to a decent correction now. Either that or keep grinding up to 1400-1425. There is a massive brick wall in that area.

 

[Tums]

Quote from Tums:
I won't confuse solid buying with MM running them stops.

Quote from apex82:

You think a 3 point spike in 5 seconds is from strong buying... you need to catch up on market mechanics... stops are hit and then buying can come in.

You have it half correct.
When a high is made quickly, and then retreated quickly, it is said to be MM running the stops. It retreats because there are no solid buying supporting the high.
If the market does not retreat immediately, then there must be "buyers" supporting it. Sure stops are being hit, but that's different than running the stops.

 

[Tums]

Quote from apex82:

...This market is prone to a decent correction now. Either that or keep grinding up to 1400-1425...

are you saying anything that is of value?

 

[DeepFried]

Quote from ACM Trader:

What do you believe, then, S2007S ?

He believes the International Zionist Conspiracy is levitating stock prices.

 

[volente_00]

Give Thorn a break, he is short 1390 calls from the 1388 area but he has premium on his side. Worst case is he breaks even on the trade by Friday's close.