Bullish or Bearish on the Dow?

market waiting for some bad news to blast out of this level to new highs.

 

Higher for two months then down hard for 2 years.

 

NEW ADDENDUM: OPPS!

Did not see the Maids, Gardeners or Temps coming and I SHOULD have saw the Gov. jobs.

I will hang on to TZA for now though.

 

If you're trading the index futures long term, then you are very right to stay with the trend or enter the trend on pullbacks.

But if you're a day trader or short term swing trader, you can make some quick profits counter-trend trading against the larger trend.

Yesterday, ES had a 24 pt move to the downside. When was the last time we had a 24 pt move to the upside in one day?

 

If Dow breaks its high expect the bears to step in come the new year. I wont be holding me breath. I'm a bear and ready to rip the Dow to shreads. Time for bonds to step up and be the bull

 

Yes, but the risk is far greater that you can get stomped on trying to catch a short than if you're longing the dips.