Why no pullbacks in this rally ?

niting · Nov 23, 2005

I expected the market to go up but also expected some pull backs along the way. Why pull backs are missing this time ?

dac8555 · Nov 23, 2005

to me the rally is a pullback. the overall market trend is downward, we are in the correction.

makosgu · Nov 23, 2005

An 80+ point (ES/SP) pullback correction???

EqtTrdr · Nov 23, 2005

yup... no retracements.. no pullbacks... just upcreep every single day..

no decent red closes.. if any....

NO FEAR out there....

NONE

dac8555 · Nov 23, 2005

Quote from EqtTrdr:

yup... no retracements.. no pullbacks... just upcreep every single day..

no decent red closes.. if any....

NO FEAR out there....

NONE

yeah, no fear. Then your margin call comes. tell at that point what your emotion will be. i can tell you this...wont be "no fear"!

BARRELL · Nov 23, 2005

to me the rally is a pullback. the overall market trend is downward, we are in the correction.

what r u? a monthly chart index player?

lilduckling · Nov 23, 2005

This rally is really aggravating........even if i did want to join, its not giving me an entrance :mad:

Apex Capital · Nov 23, 2005

Quote from dac8555:

to me the rally is a pullback. the overall market trend is downward, we are in the correction.

SPX at 4.5 year highs and making new MONTHLY HIGHS above 1245.86

That's no downtrend my friend.

Apex Capital · Nov 23, 2005

Quote from lilduckling:

This rally is really aggravating........even if i did want to join, its not giving me an entrance

That's why the market has been going higher.
It doesn't allow anyone to get in "comfortably"
One has to be able to buy strength.
Sometimes, very hard to do.

coolweb · Nov 23, 2005

Hello,

There were 2 pullbacks in last 2 weeks, Did you guys miss this on $INDU?

11/16

11/09

2 pullbacks in 2 weeks

Breakout on 11/18

3 chances to enter if you play that kind of position.

If you didn't get on them you can't blame the markets.

Considering there is no resistance above, expect very little pullbacks.