exactly. it's pretty funny actually. forget about testing the sentiment in the US market - you have to test the sentiment in the global markets. intl markets come down, it pressures the US. the hilarious thing is expectations for the intl markets are to continue their pace. oh really? so china will double again? india will gain 50% again? vietnam will gain 150% again? please.
this has got to be a blow off top
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exactly. it's pretty funny actually. forget about testing the sentiment in the US market - you have to test the sentiment in the global markets. intl markets come down, it pressures the US. the hilarious thing is expectations for the intl markets are to continue their pace. oh really? so china will double again? india will gain 50% again? vietnam will gain 150% again? please.
yes, and people love to call for a correction.Quote from Anunakki:
I dont pretend to have a crystal ball but I agree with Maverick.
If I recall people were calling TOP on the dot com rally at the end of '96 after the S&P ( I dont pay attention to the dow ) has put in a 66% gain over 2 years ( which is more than we currently have ).
Well the rally just kept getting more and more powerful...going up for another 3 years for a total of 330% gain...right ?
We're currently at a ~100% gain since the rally began in early '03. We could have an awful lot further to climb...or not
For all I know we'll crash tomorrow..thats why i daytrade. My point is that anyone who calls the top is simply guessing lucky.
Heres a crazy thought...why not enjoy these gains and play the trend ?
talking with some aquaintances, and yes, hairdressers and registered nurses are once again getting back into the stock game.
You know that same happened last year right?
Then came january or february...I ponder...markets went down.
Just wait for the next year....it will come and so will the correction.
Of course, it might be a minor one but, it can be a large on as well. Unfortunatly I do not have a crystalball, nor any idea where the markets are going to finish.
This reminds me of a CNBC interview in the end of last year, where bunch of 'market gurus' were trying to pick where the market is going to finish. Everybody where very modest or bullish. Except, one. Actually if I reckon correctly he called DOW to be finished on 12,500. Hmmmm.....nice call (whom ever that might be)
this is hilarious. reminds me of may. there were a ton of bearish threads out there. the bears just kept on calling top top top. no avail. the bulls were taunting saying wait for the trend. then the floor fell out of the naz hard.
i really don't care if there are a lot of ET threads that are bearish. i sorta consider it an affirmative indicator rather than a contrarian.
the market is about to turn and it's gonna be a bloodbath. it's very clear that we're about to go into a recession by april and that sentiment -in aggregate - is extremely bullish. not a good mix especially with jan's negative seasonality on the NAZ. longs get killed at will in Q1 07.
i really don't care if there are a lot of ET threads that are bearish. i sorta consider it an affirmative indicator rather than a contrarian.
the market is about to turn and it's gonna be a bloodbath. it's very clear that we're about to go into a recession by april and that sentiment -in aggregate - is extremely bullish. not a good mix especially with jan's negative seasonality on the NAZ. longs get killed at will in Q1 07.