Xmas Rally Has Finished.

Quote from bhardy307:

Why?

Whether we are trading shares in a stock, or trading bread for flower, why must one win and the other lose. Ok, the price of flower may rise providing less bread for the same quantiy of flower, but both parties still benefit from this transaction.

Yes, I could buy your shares of Stock X just as the price begins to fall. However, ownership of those share gives me the awareness I need to short many more shares. As a result we have both profited from this opportunity.

In other words, one negative transaction triggers multiple transactions which produce a net positive result.
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Think deeper. Slippage, exchange fees, commissions, etc., I could go on... Trading is absolutely a minus sum game, and you need to understand that. Read "Pit Bull." It will open your eyes. I've got the e-book. If you want to know more than I've got time to elaborate on, pm me, and I'll e-mail you the book. Best wishes to you.:)
 
DOW weekly chart reveals what market intervention has achieved this
year: substantial chop and little else which serves as a bearish warning
stockmarket618.wordpress.com
 
Quote from bwolinsky:

Lower high right now. Sell or go short, and if you're not aggressive enough to go short then you should definitely sell here.
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Not touching that until after 9:45 EST.

What is your immediate reasoning for this? There is nothing about the 1 minute, 5 minute, 1 hour charts that show an imminent siginificant, decline.
 
Quote from bwolinsky:

Lower high right now. Sell or go short, and if you're not aggressive enough to go short then you should definitely sell here.
More...

Not going short unless it heads back down to about 12018.
 
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