Happy days for the bears are coming. We have several indicators lining up for a short but sharp correction.
Not giving the bears false hope here. The AD line basically immunizes against any thing major. 112011-1130 most likely. 1100 at best.
To the perma bears here, it is my sincere hope that you take the opportunity to make a full regroup and reassess your overall strategy. If you haven't read Van Tharp's books, please do so. There are certain trading principles that you cannot hope to suceed if you violate those. There is no glory, honor or profit in being stubborn and blowing up an account. You are not blazing new trail there neither. Being there done that. I am not being holier than thou here. I feel like an old man watching a bunch of kids joyriding, drinking and running red lights.
“Cut that shit out, kids!” ” SHUT THE F UP, GRANDPA! Go suck a tea bag!”
Not direct retails. Things have changed. Nowadays, retails are in the market involuntarily, via their retirement plans. So they are not in via their own brokerage accts. But they are all in via institutionally managed retirement plans. The American people are being screwed b/c most of them have no clue what is going on with their retirement plans. They know they have one, but no clue what is being done with their money in those.
While that statement is technically correct, the application of it is based on too many assumptions.
I think people are over estimating the degree of control and intervention. I think crowd or mob psychology has a better explaination for market action. It is more likely that the effect of any intervention is a function of harnessing the mob psychology.
WallStreet runs on one axiom : Let the devil get the hind most.
SC, The trend is your friend. The trend is still up. I will cover any shorts on a pull back. Good Advice.
Meant to say assess!
No, appreciate it. Thanks SC. I will have to access if/when we get there, but most likely I will be covering my shorts if/when we get there.
Happy days for the bears are coming. We have several indicators lining up for a short but sharp correction.
Not giving the bears false hope here. The AD line basically immunizes against any thing major. 112011-1130 most likely. 1100 at best.
To the perma bears here, it is my sincere hope that you take the opportunity to make a full regroup and reassess your overall strategy. If you haven't read Van Tharp's books, please do so. There are certain trading principles that you cannot hope to suceed if you violate those. There is no glory, honor or profit in being stubborn and blowing up an account. You are not blazing new trail there neither. Being there done that. I am not being holier than thou here. I feel like an old man watching a bunch of kids joyriding, drinking and running red lights.
“Cut that shit out, kids!”
” SHUT THE F UP, GRANDPA! Go suck a tea bag!”
That is very true but I don't think that many new people are pouring money into their 401K plans with the state of unemployment.
Not direct retails. Things have changed. Nowadays, retails are in the market involuntarily, via their retirement plans. So they are not in via their own brokerage accts. But they are all in via institutionally managed retirement plans. The American people are being screwed b/c most of them have no clue what is going on with their retirement plans. They know they have one, but no clue what is being done with their money in those.
I really don't think that many retail investors are involved in this market.
While that statement is technically correct, the application of it is based on too many assumptions.
I think people are over estimating the degree of control and intervention. I think crowd or mob psychology has a better explaination for market action. It is more likely that the effect of any intervention is a function of harnessing the mob psychology.
WallStreet runs on one axiom : Let the devil get the hind most.
Hmmm.
If it closes beneath the lower bollinger band, that is step one of generating an equity sell signal.