This guy says the bull market is already starting... Where was he since 2009?

[S2007S]

As always, slow and steady makes the difference... what's the prognoses of that .25% increase? 90% chance? So fully priced. Everybody is happy because they will go slowly... When they postpone again, that will cause a drop because of uncertainty in when/how much.

And since when is .25 a jump? I already know what the media will blab about when that increase comes... "50% increase in the interest rate doesn't move the market!"... blahblahblah...

Jump, yes a jump of..25% because of how pathetic the fed is, they have been absolutely freighted to raise rates the last 5 years, any move in rate hikes is a jump after waiting almost a decade for a miniscule increase in rates.....

The fed said there would be 4 fed hikes in 2016, and so far we haven't had one.....

The rates haven't moved in nearly 10 years....

And if all this talk about how great the economy is with the markets soaring to fresh constant historical highs why are rates still near 0%???

 

[S2007S]

Seems if the futures market isnt rallying they are trading unchanged...no such thing as down....

 

[Maverick74]

Interesting. I'm beginning to believe this rally. Not sure if that's a contrarian indicator or not. hehe

If we had not traded sideways for 18 months I would definitely have had a harder time believing in the upside. But the technician in me knows that when you start to break out from an 18 month sideways base...that move has legs.

 

[Maverick74]

What people like S2007S have a hard time understanding is that there are two ways markets can correct; through price and through TIME. We DID have a correction, but it was a time correction. Those are often more painful as neither the shorts get the lower prices they want and the longs don't get to buy in at cheap prices, they have to pay up. Much more painful then the ole dip.

 

[Scataphagos]

Not an EWave devotee, but seems sometimes the big counts work out in a clear way.

With this upside breakout, I'm thinking the low in early 2016 was the completion of W4 from the 2009 low... and now we're in "W5 Up"... perhaps about half way through it. Playing it by ear, of course... but currently thinking 2400-2700 in the SP a logical target for a top.

I'm trading around a long-side bias until otherwise indicated.

FWIW...

 

[trader99]

Not an EWave devotee, but seems sometimes the big counts work out in a clear way.

With this upside breakout, I'm thinking the low in early 2016 was the completion of W4 from the 2009 low... and now we're in "W5 Up"... perhaps about half way through it. Playing it by ear, of course... but currently thinking 2400-2700 in the SP a logical target for a top.

I'm trading around a long-side bias until otherwise indicated.

FWIW...

Depends on your trading style and time frame. You can still short and make money if you do a quick scalp. I shorted and make a little(peanuts) this morning. Just for a quick scalp. On an intraday basis, things can move around a lot and the long term uptrend can still be intact.

 

[Scataphagos]

Depends on your trading style and time frame. You can still short and make money if you do a quick scalp. I shorted and make a little(peanuts) this morning. Just for a quick scalp. Intraday things can move around a lot and the uptrend can still be intact.

"Trading around a long-side bias" allows for/includes shorting, as appropriate. (I don't know anything for sure... just trying to strategize around what I see... subject to revision tomorrow.)

If your idea of "making money" is scalping a tick or two, here and there... you're "fishin' in a dry hole". You should be looking for MUCH bigger objectives.

 

[Buy1Sell2]

Just recovering back to the highs is not a bull market. The move from the 2008 lows back to 1500 was a "recovery", not a bull market. We didn't make new highs till 2013. That is when the bull market started. Not the crisis lows.

FALSE

 

[trader99]

"Trading around a long-side bias" allows for/includes shorting, as appropriate. (I don't know anything for sure... just trying to strategize around what I see... subject to revision tomorrow.)

If your idea of "making money" is scalping a tick or two, here and there... you're "fishin' in a dry hole". You should be looking for MUCH bigger objectives.

If you have been reading my postings, then you would know i have 2 classes of accounts!

1) Daytrading
2) Swing trading

The comments above refer to the daytrading accounts. For the swing trading account I hold for much bigger moves. But your comments are true and duly noted.

 

[Maverick74]

FALSE

TRUE