I hear ya. It’s a BS market, but as long as Benny is pouring in liquidity like Niagra Falls, it’s gonna be hard to expect a REAL crash, let alone a correction of 5-10%. I’m bearish too in ideology, but I have to go long from time to time when they breakout…
I think they are reading all these blogs to gain sentiment and that wall of worry this market is climbing,…is US.
Melt ups aren’t good enough any more. This is a full-on hard-core illegal steroid ramp job. The last bears are gone and now it’s time to really ramp it up. What do you say, 50, 100 dow points a day? Hell, throw the spx 10 handle rule out the window and jump on the Dubai tower turbo elevator!
A broken trendline means something…it means BUY! BUY! BUY! We’ve have had 7 straight up days and now we’re accelerating. During the last half of the 1999 Greenspan PUMP, the Nasdaq doubled. I don’t see why they don’t just keep this pig rolling until every last cent runs out.
Number 1 winning strategy is to ignore all technicals, fundamentals, and everything else going on in the world and just buy every dip of more than 2 pts. It’s fucking bullshit. 3 pullbacks today of about 3.5-4 ES pts each, and every single time pumped right back up to new highs. Trendline after Trendline broker, but we still keep going back up. No such thing as support turning to resistance once it broken, yet upwards resistance means jack shit and we blow through it every time. Sorry for the rant, but I mean wtf. I’m sorry but I just can’t get myself to blindly buy thinking that we are just going to keep melting up.
You shouldn’t be buying and selling securities based on Fake prints alone. I hope noone is doing that. Your trading system should be followed and FP’s can be used as an added qualifier if it tickles your fancy… I would pay attention to them with the understanding that the gangsters WILL change the game, eventually.
Maybe if we all started yelling, buy, buy, buy, they would finally take ‘er down? 🙂
Dow jones resistance level: http://niftychartsandpatterns.blogspot.com/2011/02/dow-jones-resistance-level.html
I hear ya. It’s a BS market, but as long as Benny is pouring in liquidity like Niagra Falls, it’s gonna be hard to expect a REAL crash, let alone a correction of 5-10%. I’m bearish too in ideology, but I have to go long from time to time when they breakout…
I think they are reading all these blogs to gain sentiment and that wall of worry this market is climbing,…is US.
Insanity: doing the same thing over and over again and expecting different results.
Melt ups aren’t good enough any more. This is a full-on hard-core illegal steroid ramp job. The last bears are gone and now it’s time to really ramp it up. What do you say, 50, 100 dow points a day? Hell, throw the spx 10 handle rule out the window and jump on the Dubai tower turbo elevator!
A broken trendline means something…it means BUY! BUY! BUY! We’ve have had 7 straight up days and now we’re accelerating. During the last half of the 1999 Greenspan PUMP, the Nasdaq doubled. I don’t see why they don’t just keep this pig rolling until every last cent runs out.
Number 1 winning strategy is to ignore all technicals, fundamentals, and everything else going on in the world and just buy every dip of more than 2 pts. It’s fucking bullshit. 3 pullbacks today of about 3.5-4 ES pts each, and every single time pumped right back up to new highs. Trendline after Trendline broker, but we still keep going back up. No such thing as support turning to resistance once it broken, yet upwards resistance means jack shit and we blow through it every time. Sorry for the rant, but I mean wtf. I’m sorry but I just can’t get myself to blindly buy thinking that we are just going to keep melting up.
You shouldn’t be buying and selling securities based on Fake prints alone. I hope noone is doing that. Your trading system should be followed and FP’s can be used as an added qualifier if it tickles your fancy… I would pay attention to them with the understanding that the gangsters WILL change the game, eventually.
Maybe if we all started yelling, buy, buy, buy, they would finally take ‘er down? 🙂
You can draw trendlines, watch them be broken, only for the pump to start all over.
LOL… sorry about that. She’ll call you back when the crap really hits the fan!
my wife told me to never come home again.