Yes looks like a doji on the SPY, but you will need confirmation in order to act with any decision. Also remember it's options expiry this week, the sticks can do some strange things. I would not doubt a reversal may be coming, DIA starting to lose a little steam as well, but it may not be for another month, or it could just pullback a little, consolidate then move higher. It could just move sideways, and build strength for next move.... Now that doji with bearish engulf, then you got something. Remember short week next week also.
the DOW is green the DOW is green....18th new record if it closed green... now the nasdaq will go green and before you know DOW 13,000 and NASDAQ 2600 by end of 2006. What a joke.
AHHHHHHHHHHHH!!! NASDAQ 5000 AHHHHHHHHHHHHHHHH!!! I am a bit at the end of my rope. If the market is up for the next couple of months...look for the homeless guy on the street in his underwear that has lost his mind while he mumbling senseless economic and technical information. That is me. AHHHHHHHHHHHHHHH DOW 250,000 AHHHHHHHHHHHHHHH!!!!!
just follow the flow... or stay out.. I'm not surprised if nasdaq up to 4800 by next MAR. during 1999 the nesdq almost doubled. the whole world's gone mad. another one????
nasdaq 5000, that would be some site. I know back in the late 90's the new era of the interent pushed everything beyond the norm, what could push the nasdaq up to 5000 in just 6-12 months.......any new kind of technology coming out besides a computer and an Ipod in the last 10 years that could fuel such incredible growth???
The nasdaq will easily retouch 5000 within 7 years and peak at 8000 or so within 10. Thestagering rally we have seen in the last 4 months is the start. if you tak hte 5 year nasdaq chart you will see that it is quite obvious it wil retouch 5000 soon.
I said the whole world is gone mad... nothing makes sense... from July 06 Nasdaq's low 2012 to yesterday 2450. up 450++ points in 3 month. soon, the tax driver and busboy of the restaurant are going to join the party.
Guys, today and so many other days like it last few months have just been gifts. It works until it doesn't, take advantage of it. When it stops working you may have a losing day or two before you get the message that you need to find a new strategy but until then buying the dips works very well.