What the hell is causing this extreme constant bullish move in the Dow??!

Lucrum · Jan 29, 2013

Quote from tradingjournals:

Why don't you post trades on their behalf to demonstrate how ridiculous they can be. Now SPY at 150.47, VXX=22.93. Trend followers should tell us long side

I think they would wrong.

Says the guy whose $100 FX journal blew up in his face?

Lucrum · Jan 29, 2013

Quote from 1a2b3cppp:

According to trend follower logic, we should all go long SPY right now because since it's in an uptrend...

Not according to any trend following "logic" I'm aware of.

Tsing Tao · Jan 29, 2013

Can't fight the POMO.

1a2b3cppp · Jan 29, 2013

Quote from Lucrum:

Not according to any trend following "logic" I'm aware of.

Sure it is. "The trend is your friend!" "Don't fight the trend!"

SPY is in an uptrend, right?

Therefore it is more likely to keep going up than to go down. So go long!

Lucrum · Jan 29, 2013

Quote from 1a2b3cppp:

Sure it is. "The trend is your friend!" "Don't fight the trend!"

SPY is in an uptrend, right?

Therefore it is more likely to keep going up than to go down. So go long!

You seem to me to be just rationalizing your hate of trend following now.

1a2b3cppp · Jan 29, 2013

Quote from Lucrum:

You seem to me to be just rationalizing your hate of trend following now.

What about what I said do you disagree with?

hajimow · Jan 29, 2013

Not related to the thread's topic but I believe AMZN will go to $2000 per share if they announce bankrupcy

Tsing Tao · Jan 29, 2013

Quote from hajimow:

Not related to the thread's topic but I believe AMZN will go to $2000 per share if they announce bankrupcy

LOL, yeah that's pretty hilarious. Horrible results, stock soars.

Efficient market, my ass!

newwurldmn · Jan 29, 2013

Quote from hajimow:

Not related to the thread's topic but I believe AMZN will go to $2000 per share if they announce bankrupcy

I was looking at it a few minutes ago:

AMZN market cap : 115Bn (prior to tonight)
AMZN Free Cash Flow : 3Bn

WMT market cap : 250Bn
WMT Free Cash Flow: 15Bn

burt_schroder · Jan 29, 2013

Quote from 1a2b3cppp:

That doesn't even mean anything.

Wait, by "cycle" do you mean "trend"?

Most moving averages change slope when price closes to the other side of them. Just because that happens does not mean price is likely to keep going in the other direction, though. If it did, then this would be the holy grail system.

Do you believe the market is 50:50 at any given time?