This is a manipulated bull market, how long can it last?

Random.Capital · Aug 7, 2012

Quote from bonds:

Somebody give me a reason why we cant keep going up on low volume to all time highs?

There isn't one.

Shanb · Aug 7, 2012

Haven't you guys learned yet? This market is stubbornly going higher...the more of these threads that show up, the more confidence I have that this market will continue higher.

Sure we are due for 2-3 day pullback...then you will have threads of people saying, "I told you the market is going lower, crashing etc" and then guess what we will push to new highs on the year.

Don't fight the tape people, As a trader you should not hold these irrational biases. Trade the tape in front of you.

Lucrum · Aug 7, 2012

Quote from bonds:

The bull market will end once the public gets into this market, they are still on the sidelines.

Wall street and the big bankers will sell and short shares against the public bid, then absolutely crash this market with no regard. Then, the taxpayer will be forced to pay up to stablize the market under the threat that world will end unless they do.

Wall street and the bankers will have money coming out of their ears when its all said and done...

That sounds about right.

logic_man · Aug 7, 2012

Quote from Shanb:

Haven't you guys learned yet? This market is stubbornly going higher...the more of these threads that show up, the more confidence I have that this market will continue higher.

Sure we are due for 2-3 day pullback...then you will have threads of people saying, "I told you the market is going lower, crashing etc" and then guess what we will push to new highs on the year.

Don't fight the tape people, As a trader you should not hold these irrational biases. Trade the tape in front of you.

The hardest thing to know is when to be a contrarian and when not to be.

apple · Aug 7, 2012

I do agree that this market as a whole may go higher as long as AAPL holds, but one crash could destroy all.

hajimow · Aug 7, 2012

Time : 3:20 and S&P is up 0.62%.
Market might close flat or red today.

bonds · Aug 7, 2012

Quote from hajimow:

Time : 3:20 and S&P is up 0.62%.
Market might close flat or red today.

If the market goes red im sure we'll see an emergency announcement from the fed that Bernanke is contemplating more QE...

Shanb · Aug 7, 2012

Quote from logic_man:

The hardest thing to know is when to be a contrarian and when not to be.

Just trade the momentum. Very hard to buck momentum in a grinding tape like this one. The time to fade extremes is in a sideways or volatile tape. In a low vol grind up...tops aren't put in days. It usually takes weeks if not months to put in tops in a uptrending market.

hajimow · Aug 7, 2012

Quote from bonds:

If the market goes red im sure we'll see an emergency announcement from the fed that Bernanke is contemplating more QE...

I said might because I don't believe it will happen but I see many big stock holders are unwinding themselves.

NoDoji · Aug 7, 2012

Quote from apple:

It's keep going up without volume. Can it last forever?

Those bid and ask on level 2 are usually not real. Tried several times, just sell 200 shares at bid price, those bids vanished.

Why sell? Buy!

Even though it's all manipulated and the fundamental story is rather sad, the dollars you extract from this "fake rally" by buying the dips and selling the new highs are accepted everywhere regular cash is accepted!