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

lets be honest. id say 99.9% of people look at a chart and say this looks stupidly easy I think ill dominate it now...and few do

Certainly it has to be about how those select few interpret data or better yet block out the bullshit.

we can calculate average cycle duration...easily

average timeframe range...easily

so what makea it so damn hard?
 
Quote from diablo11:

You and everyone else doubts the rally, makes me feel better about being long. Treasuries are the safe way to make very little money. Without a headline out of Europe, China Hard Landing, Debt Ceiling, Fiscal Cliff and whatever else they can muster up this market will continue to climb. Just no whee else to be, the Fed is forcing people into riskier assets and lets say the headlines actually turn positive then comes the public in towards the top. The guys who weren't scared will be happy to sell you their shares.
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How long do you trade?
Have you been long in 2007? A lot of people had doubts then, much more than now
And economy in contraction, and earnings contracting too and gas was never more expensive at this time of year. I don't know what headlines you need

I'm not saying rally will stop, and I don't really care. I make money from any direction. But arrogance like that eventually leads to losses
 
Quote from BobbiDigital:

No shit. Thanks for the input.
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3 spikes on highs and one on lows showed big money was selling not buying, market moves up til it finds volume sellers,same on the downside,its always searching,the biased bars are one way to read it
 

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Quote from BobbiDigital:

lets be honest. id say 99.9% of people look at a chart and say this looks stupidly easy I think ill dominate it now...and few do

Certainly it has to be about how those select few interpret data or better yet block out the bullshit.

we can calculate average cycle duration...easily

average timeframe range...easily

so what makea it so damn hard?
More...



Hahaha! Futures trading is a constant battle with a moving target. The successful few mentally compute the market data as being dynamic. The others have a static, or rigid view of the market, which obviously does not work.

Look how popular the larger timeframes are. This is because the larger TFs give the appearance of something that is easily 'hit'. But it's still moving.

Most give up, or move onto options and long term buy and hold strategies.

Outright futures trading is not an academic pursuit.
 
Quote from BobbiDigital:

we are all here thinking for ourselves. youd be suprised how much I learned from some dumb ass redneck that didnt tell me shit :)
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:eek: :p

RN
 
Quote from diablo11:

You and everyone else doubts the rally, makes me feel better about being long. Treasuries are the safe way to make very little money. Without a headline out of Europe, China Hard Landing, Debt Ceiling, Fiscal Cliff and whatever else they can muster up this market will continue to climb. Just no whee else to be, the Fed is forcing people into riskier assets and lets say the headlines actually turn positive then comes the public in towards the top. The guys who weren't scared will be happy to sell you their shares.
More...

I didn't say I doubted the rally at all. What I said was there was "irrational exuberance", to borrow a term. We've seen it all before. This time is different, I suppose, right?

How do you know the public isn't coming in right now? What if you are "the public"? :)
 
Technically speaking, I hadn't noticed this before but the SPY made a reverse H&S pattern on the daily ending on December 31st. Judging purely based on that, the target until the market norm returns would be $155 - so there's at least a week or two of bullishness remaining.
 
This is all due to Uncle Benny's helicopter money and other central banks flood gates of cheap $$$.
When that ends, look out below.
WHEN ? that is the big question.
Inflation is already starting to show....so not too much longer now.
 
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