The Bull is here to stay!

D

DisciplinedHedg

...is it?!?

VIX is making a new trading range. Wedge has broken to the upside. Money will flow back as dollar recovers, etc etc...

Most of all - Barrons is correct with the Bull cover for the first time in History!!!

Maybe the Bubble never burst, we just thought it did but it only got smaller thru a 3 yr leak, and PEs and PSRs are going up from here as we are still in the bubble!?!

:eek:
 
I'm surprised at the continued upward movement but really don't think the bull is here to stay. Way too much in the way of negative fundamentals/news, etc. out there. Shorts may be pushing it higher now but I think it's quite overbought here.
 
I do believe the market is overbought to an extent, but we must remember how much money was pulled OUT of the market due to consumer sentiment and lack of confidence. For the most part, we as traders can see the real guts of what is happening, and Joe Investor who used to be a millionare on paper, is still scared of putting what little money he as left, back into the market.
 
its an intermediate term uptrend that started mid march. its been a nice ride but there is no way to know how long it will last, it could crack tommorrow, just always use stops. The fundamentals aren't there except with gold stocks.
 
late in the day is interesting.

I love to ride a good squeeze in the 3:30-4:00 time-frame -- but violent squeezes have been few and far between lately.

... interesting.

I'm still expecting a good tradeable downleg -- but at this point the ONLY way to play it is to the upside. There will be plenty of time to get short this summer.

dog:cool:
 
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