Ivan. When this ship turns you're gonna be ona life boat full of holes. you can't have a bias and you do.
I told you. When the ship turns, I'll have one day of losses (not large because my positions are much smaller than usual) and that'll be that. Then I'll reassess. In the mean time, I'm having day after day of nice numbers. Smaller than average, yes. But it beats getting my ass handed to me day in and day out.
. Glad you know it. I certainly hope it goes as planned. You've been right all this time. The hardest part is making the turn though. Hope it goes well and very profitable for ya but.
I'm O.K. too. Small trades up and down cash at end of day...... I'm waiting on a new big macro move in ANYTHING. NG, ZB, ZN, CL, ZW, ES whatever.
this article excellently captures the spirit of the market participants (and/or is leading the sheep to slaughter): "Money Flowing Into Stocks Is Form of Reverse Capitulation .... Investors like to have a good reason to justify buying, especially after the market has come so far and so long without a correction of at least 10%. But Wednesday's broad rally isn't a function of one piece of data, or belief in the overall economy's strength or even continued exceptionally low interest rates, it is a form of reverse capitulation. Whatever the reason, equities keep rallying, and money has to follow. Like the McClellan Market Report said, when advancing stocks outnumber decliners for such an extended period it indicates there is so much money available that it needs to flow into a broad list of stocks just to find room to absorb it all. "That's what is happening now, and it promises more upside," the McClellan Report said. The Dow and S&P 500 hit 17-month highs in intraday trading Wednesday, while the Nasdaq reached the highest level seen in 18-months, or pre-Lehman Brothers collapse levels. Money is moving into stocks because they are going up. The new highs in all three indexes means there is no longer a recent reference point for managers of that money to base their buying decisions. Those that have been skeptical, or underweight relative to their proxy indexes, no longer have a choice but to, at the very least, get back to neutral or risk falling further and further behind. One reason investors may hesitate to buy at current levels is that the current string of up days -- the Dow and the S&P 500 are up 12 of the past 14 sessions, the Nasdaq has gained in 11 of 14 -- brings with it overbought technical conditions. But while overbought conditions may lead to quick and sometimes even sharp pullbacks, they don't end a trend. If the market doesn't become overbought after such a string of gains then there would be a "negative divergence," which would warn the trend is weakening. There were some minor divergences early in the current winning streak, but those have since corrected. There will be a pullback sooner or later. But at this point investors can no longer wait for what the market will do, they have to follow what the money is doing now. Upside levels to keep in mind include the 11130 level for the Dow and 1225 for the S&P 500, which is about where the 200-week simple moving averages for the indexes currently come in. For the Nasdaq, 2550 was the level of a double top in mid-May and early-June 2008." http://online.wsj.com/article/SB100...5128103414421006.html?mod=WSJ_latestheadlines
DOW up 7 days in a ROW!!!! SPY ETF up 14 DAYS in a row!!!! Date Open High Low Close Volume Adj Close* 17-Mar-10 116.76 117.48 116.42 117.10 177,319,400 117.10 16-Mar-10 115.81 116.52 115.49 116.41 168,562,400 116.41 15-Mar-10 115.26 115.57 114.60 115.49 146,630,700 115.49 12-Mar-10 115.95 115.97 115.14 115.46 161,957,500 115.46 11-Mar-10 114.70 115.48 114.35 115.45 160,462,300 115.45 10-Mar-10 114.51 115.28 114.41 114.97 185,855,200 114.97 9-Mar-10 113.93 114.99 113.87 114.46 154,438,200 114.46 8-Mar-10 114.26 114.52 114.07 114.27 114,537,200 114.27 5-Mar-10 113.37 114.34 113.10 114.25 176,053,800 114.25 4-Mar-10 112.45 112.80 112.03 112.64 135,539,800 112.64 3-Mar-10 112.49 112.97 112.02 112.30 150,635,700 112.30 2-Mar-10 112.37 112.74 112.00 112.20 160,937,400 112.20 1-Mar-10 111.20 112.00 111.17 111.89 147,559,000 111.89 26-Feb-10 110.77 111.12 110.11 110.74 173,453,100 110.74 25-Feb-10 109.24 110.75 108.94 110.67 259,105,900 110.67