12 Indications That a New Bull Market Is Upon Us [View article]
I am with ya. Range bound stock markets means easy trading. You are correct, the break out down will be a nice one (see bad news 1-6 above). I think it will happen just as people get comfortable with the market, you know, the roll out of bed with the attitude/know all of 'everything is going to be all right b/c my 401k gained another 3%'. I personally wake up everyday with the notion, like I did on 9/11( of course with surprise), who's trying to attack us now? It actually helps me get up, b/c if I dont I might miss something. :) Super-duper inflation will come, all will be scared, the u.s. paper money we buy lunch with will actually be used as toilet paper, dow 1450.00 may just happen. OHHHHH thats right, that wont be allowed to happen, socialism wont allow it. NEVERMIND!!
Love both of those trades, even though I missed them both. I also like the fact that the 200 day and 50 day m/a's are coming together on the dow and s&p (even on ndx too), they will have to pick a side. Then its GO TIME!!!!
Nice..I think someone needs a hug. The author seems about my age by his picture, if he is, our soap boxes arent that big yet, soooo, think about getting off of it for a sec. and take a breath. First, you are right in the fact that we need to see a correction. 2.-- A LOT of big money is sitting on the sideline (trading volume), waiting for an entry point that is not "chasing a rally". Will a major correction happen (dow 6900 or S&P 700) - no - I hope we see 7600 and 800 respectively. I do agree with some others that at the end of april there is a influction of cash due to IRA's and 401k's, which is PART of the reason why we are near the highs right now, but with the bad news that just came and with more to come, we will head lower.
If we get a 5% pullback again, it will be go time!!
In regards to Goldman and others, our tax payer money is gone, and if they laundry the money through a share offering, so be it. Im not going to lose sleep over it.
I could go on.......but whats the point. I am going to go have a drink, before socialism stops that
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If we get a 5% pullback again, it will be go time!!
In regards to Goldman and others, our tax payer money is gone, and if they laundry the money through a share offering, so be it. Im not going to lose sleep over it.
I could go on.......but whats the point. I am going to go have a drink, before socialism stops that