A bit above 10900, come on bulls you can do it!!!! Push this market higher, don't give up, bubble ben bernanke has given you a gift to keep this market only moving up.
Woohoo! Rocketing into the stratosphere! Hope you shorts closed up shop. I'm tellin' ya. Buy all dips.
This says it all, DOW 14,000 before next collapse. So in this case DO NOT SELL any long positions, Keep buying the small pullbacks and wait for DOW 14k by 3Qu of 2010. This is by far the best free money making market in history, bubble ben bernanke is the best ever, asset bubbles here asset bubbles there, you go bernanke. Dow Could Hit 14,000 Before Next Crash, Says Phil Town Posted Mar 25, 2010 09:15am EDT by Peter Gorenstein in Investing, Recession Related: apol, dv, esi, ^dji, dia, spy, ^gspc "I can see this market at 14,000," says investor and author Phil Town. Using the secular bear market of the 1970s as his road-map, Town thinks the market might continue its upward swing and then crash once again, continuing the boom bust cycle of the last ten years. Town's investment strategy won't change either way. It is "not about guessing the market right," he tells Aaron in the accompanying clip. Town doesn't look at the broad indexes as a guide. And, neither should you, if you want to get rich, he recommends. "If you want to be a great investor and really start taking control of your finances I think you have to start looking for individual companies," says the author of Payback Time. Bull or bear market, Town believes there's always undervalued companies that make good investments. He suggests finding a few businesses one can understand really well and then investing accordingly. He's currently looking at several education-related stocks, in the belief higher education is a winning investment as long as unemployment remains above normal. He specifically mentioned ITT Educational Services, Apollo Group and Devry. (Disclosure: He does not currently own shares in any of these above mentioned stocks.)
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here is the sell short term on hourly - if we close higher on the day it could flip and continue with a blow off but it finally looks weak to me here. i don't predict i just react.
LMAO you're not kidding. I got stopped out 1/2 and 1/2 fairly quickly today. Lucky for me no huge gap. I might re-enter small EOD but right now i'm 0/2. No catastrophic damage yet though. I'll go round 3 at this mkt and then I might call it quits for a bit.
Ok, back in 1/2 of yesterday's size. So far everything's cost me 2.2%. 3 times a charm. Subborn? Yes, but this is the only short there's going to be for months. If today's level gets taken out (closed above), IMO we're probably going back to '07 highs.
Subborn? Yes, but this is the only short there's going to be for months. If today's level gets taken out (closed above), IMO we're probably going back to '07 highs. They're winding down their mortgage purchases March 31st. With the TA I presented and a few other factors I have zero questions on taking this trade. The key is I use tight and hard stops. I still haven't gotten 1 signal to add to any of the previous positions either. Hoping one comes tomorrow as it will trump anything i've put on yet.