can't quite see how all this economic real pain is bullish, can't quite see it, perhaps, us priviilidged elite traders should spend down our savings for over 15months with no hope of a job in the next 12 months, and the Senate not allowing jobless claims payments to go beyond 13weeks, which for most have expired, that would be bullish. really feeling it for those without.... seriously....
Futures stayed up about .75% the entire night, the bulls are just ready to take this market even higher today. 10000 by Friday and 12000 by December, keep buying.
yep got to agree. There's no way this recovery has started yet. I do not see any "green shoots" that the press are so eager to push.... I see pain. Businesses are not spending and people are scared.
Or we could do a Monday morning selloff that we didn't have - on a Thursday. Then allow the $VIX to drop.
Thanks Red Ink! Here it is: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2599188> This is the chart weekly SPX chart i referred to in my post above. Note how the 20 MA intersects with the trendline.