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

[hajimow]

It seems that market wants to hit DOW 14000 and then fall. It is like a running competition that at the end runners lean forward a little and try to touch the final tape with their nose and then tumble on the grass and annouce victory.

 

[failed_trad3r]

Quote from hajimow:

It seems that market wants to hit DOW 14000 and then fall. It is like a running competition that at the end runners lean forward a little and try to touch the final tape with their nose and then tumble on the grass and annouce victory.

Long and strong!

And wrong!

 

[Lucrum]

Quote from 1a2b3cppp:

What about what I said do you disagree with?

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

 

[Lucrum]

Quote from failed_trad3r:

Long and strong!

And wrong!

Aren't you the guy who is short and in the red?

 

[1a2b3cppp]

Quote from Lucrum:

We should.

The trend is still your friend, right? It's not the end of the trend, so go long!

The only alternative is to go long before the trend. But wait a minute, how can you know there's going to be a trend if the trend hasn't started yet?

You can't!

So wait until the trend (for example, right now), and go long!

 

[1a2b3cppp]

Quote from burt_schroder:

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

Slight upward bias over time in the indices.

 

[burt_schroder]

Quote from 1a2b3cppp:

Slight upward bias over time in the indices.

:eek: A slight upward trend?? No way!

 

[lorax2013]

Quote from bone:

if a market is making higher highs and higher lows in multiple timeframes, I sure as shit am not going to sell into it unless I am already long. That simple.

Wow pure genius, guess we don't need to buy your trading system... Umm.. just to be clear here - you do realize that the market continues making the higher highs in multiple timeframes UNTIL it inevitably peaks and drops? I think the general argument being made here has been that nobody can easily predict when the peak will occur. Lots of people thought they were geniuses during the dotcom bubble for example - until it crashed. But you still give no explanation for how you predict the peak. You say you can't predict the future movement but at the same time basically say "uh, it has been going up so I buy and ride the trend" - pure genius.

 

[Lucrum]

Quote from 1a2b3cppp:

We should.

The trend is still your friend, right? It's not the end of the trend, so go long!

The only alternative is to go long before the trend. But wait a minute, how can you know there's going to be a trend if the trend hasn't started yet?

You can't!

So wait until the trend (for example, right now), and go long!

You lost me. Again, you seem a little too desperate to demonize trend following.

 

[halfwaythere]

Quote from Lucrum:

You lost me. Again, you seem a little too desperate to demonize trend following.

I think he's trying to differentiate between leaders, followers and suckers...