Sorry guys no chance for a down day

[Maverick74]

Quote from Tums:

amazing !
where did you learn this logic?

He's 16, he doesn't need logic.

 

[S2007S]

lets see some of you post some opinions....i like to keep the forums moving. Gets quiet and boring in here sometimes.

 

[ByLoSellHi]

S2000 has a good point.

The markets don't always behave this way, but they've been stuck in this pattern for some time.

What could be the explanation?

 

[tjymaui]

The markets are just climbing steadily without much pullback. Will be interesting to see when we get more volatility. Then the fun will begin again. Trade it either way as always.

 

[Free Thinker]

Quote from ByLoSellHi:

S2000 has a good point.

The markets don't always behave this way, but they've been stuck in this pattern for some time.

What could be the explanation?

According to today's WSJ, "Short-selling activity rose to a new record on the technology-stock-heavy Nasdaq Stock Market, outpacing the rise in bearish bets in other parts of the market."

"For the monthly period ended Oct. 13, the number of short-selling positions not yet closed out at Nasdaq -- so-called short interest -- rose 0.8% to 7,414,701,519 shares from 7,353,774,333 shares in mid-September.

The rise outpaced the 0.1% increase in short interest at the neighboring New York Stock Exchange, which as previously reported also saw its total short interest hit a record in the October period.

Despite a market run-up that has pushed the Dow Jones Industrial Average to records this month, many short-sellers have hung onto their bets, which lose value during such upturns...

The Nasdaq short ratio, or number of days' average volume represented by the outstanding short positions at the exchange, fell to 3.9 from 4.4 last month."

 

[krazykarl]

Quote from S2007S:

DOES ANYONE SEE A PATTERN:


DOW OPENS DOWN, THEN IT TRADES FLAT, TRADES DOWN A TINY BIT, then trades higher only to close at intraday highs, this has been the pattern for weeks.

You think that when it opens down its ready for a selloff but no they buy it right back up as if nothing is wrong. I mean this market used to be fun to trade when we had something called volatility. We havent seen a dip in 15 weeks, not even a 1% dip. A .5% dip wouldnt be bad but its not happening.

really - quit your bitching. all you post is how "rigged" the market is and how we keep going up like there is something metaphysical and unexplainable about the current trend.


you were calling for a selloff and are just pissy because you are consistently being made to look wrong. day in and day out with you it's "this is not real.... there is no stopping this market....it must be rigged....we should be going down but are going up...... oh look, another up day.......we are going to crash hard.....just wait........wait for it........still waiting for it............ dotdotdot"

we had nothing but down day after down day between mid-may and september. expect us to head up for at least as long.

christ........enough already.

 

[fletch2]

Quote from LT701:

they just keep grinding it and grinding it and grinding it

There's a lot of talk of "they" on these boards. "They" are moving it up or moving it this way or that. Who are "they," anyway?

Fletch

 

[Appleseed]

Quote from fletch2:

There's a lot of talk of "they" on these boards. "They" are moving it up or moving it this way or that. Who are "they," anyway?

Fletch

In a famous cartoon many years ago PEANUTS was quoted a saying from a fox hole....we have seen the enemy and THEY is us
Cheers
john

 

[ByLoSellHi]

Quote from fletch2:

There's a lot of talk of "they" on these boards. "They" are moving it up or moving it this way or that. Who are "they," anyway?

Fletch

I'm not 'they.'

Are you 'they?'


Okay. That eliminates two of us.

 

[Maverick74]

Quote from vhehn:

According to today's WSJ, "Short-selling activity rose to a new record on the technology-stock-heavy Nasdaq Stock Market, outpacing the rise in bearish bets in other parts of the market."

"For the monthly period ended Oct. 13, the number of short-selling positions not yet closed out at Nasdaq -- so-called short interest -- rose 0.8% to 7,414,701,519 shares from 7,353,774,333 shares in mid-September.

The rise outpaced the 0.1% increase in short interest at the neighboring New York Stock Exchange, which as previously reported also saw its total short interest hit a record in the October period.

Despite a market run-up that has pushed the Dow Jones Industrial Average to records this month, many short-sellers have hung onto their bets, which lose value during such upturns...

The Nasdaq short ratio, or number of days' average volume represented by the outstanding short positions at the exchange, fell to 3.9 from 4.4 last month."

I posted something similiar to this a month ago when SPX was at 1315. I used this as my rationale for why the market was going higher. But nobody listens. Until these shorts are cleaned out, they are providing the bid below the market.