You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Santa Clause Rally=Much Higher=More Records
- Thread starter myminitrading
- Start date
Quote from EPrado:
Thats gonna be an expensive hat if this keeps up my friend.
Honestly....I dont give a rats arse if the mkt goes up or down. We need volatility. The Vix over 15 would be a nice christmas present.....
Amen - this low vix is seriously screwing with my income strategy of writing credit spreads rather than working for a living. It's about time for a large contrarian news bombshell to get things stirred up again...
TS
I personally disagree, let's not forget that you, Mymini, have recently considered it 'crazy' to buy at these levels. There seems to be a domination of people convinced that the run will go on for a while yet, perhaps it will, but before it might, I think there will be a pullback, which will be sudden and will catch quite a few off guard, just look at the daily chart and there is triple divergence and even though weekly is bullish, that signal on daily will/might trigger a temporary reverse. Be careful.
Quote from romik:
I personally disagree, let's not forget that you, Mymini, have recently considered it 'crazy' to buy at these levels. There seems to be a domination of people convinced that the run will go on for a while yet, perhaps it will, but before it might, I think there will be a pullback, which will be sudden and will catch quite a few off guard, just look at the daily chart and there is triple divergence and even though weekly is bullish, that signal on daily will/might trigger a temporary reverse. Be careful.
Yes I have seen that not quite triple divergence in the Dow, we need to make another high, then it will be a triple divergence.
I am a firm believer that fund managers are going to buy this market till year end regardless.
Quote from myminitrading:
Yes I have seen that not quite triple divergence in the Dow, we need to make another high, then it will be a triple divergence.
I am a firm believer that fund managers are going to buy this market till year end regardless.
I think it makes more sense NOT to participate on the long side at these levels, unless position initiated a while back. Again, I haven't got any idea regarding a specific level at which a pullback will happen, but it looks awfully close on the S&P500.