I am betting on a bull market. I don't want to bet against the double 9:1 http://www.marketwatch.com/news/sto...x?guid={C61515A8-00F0-4460-AC40-51E2BA8D864B}
--- and the next move will be violent imo as EVERYONE will know the "Nice" economy story book is empty! The head for the exits type days will be more to come imo. No triple bottom save either - probe down to the next level will be at hand as all realize the reality of the probabilities. All trading above 1370 on the ES is shorts for the taking in my book - I hope we can make at least one more push to the 1400's (1398 major over/under level) before the rug gets yanked.
I totally disagree - I always want to be trading in the direction of the fundamentals and overall market conditions (for my PRIMARY non-scalp position trades).
Feds will cut rates till all the shorts and bears are blown to pieces... they are't done yet. Markets are going higher with or without an imaginary recession.
Market is firm Any rally will be a bear market rally huge rally? possible.. but only if the dollar falls and commodities spike.. inflation nothing more nothing less organic growth? not.
uh we should all be traders , not long term buy only investors. there are an infinite number of interpretations and opinions on bubbles, market direction, economy, fed rates, ahhhhh...So many it is a boring topic. If you have a system that works stick with it until proven otherwise. Up, down, sideways - who cares !
You mean like on Friday's terrible economic job data only to quickly form a double bottom and reach daily resistance ? Please, in daytrading news and fundamentals are useless. Susana