Do not short this mkt

Discussion in 'Index Futures' started by sputdr, Jul 28, 2005.

  1. j1900q

    j1900q

  2. Very hard to not think long here, everytime the market gets bored or lifeless it drifts higher. The path of least resistance is higher. However, I am worried about the bullishness of the market combined with the VIX at all time lows. Every analyst you see on TV or in print articles states things just couldn't get any better. Goldilocks is in the house.

    My conclusion, we are due for a correction. I'm not short now but will look for a breakdown. Think we could even go a little higher just to shake out some of the shorts in the market now and set up a nice looking bull trap for the retail fools. IMO when we get the confirm retail is back in that will be the time to sell the world.

    Good trading
     
    #12     Jul 29, 2005
  3. Today you can short, but just watch out for the 330 rally!
     
    #13     Jul 29, 2005

  4. happens every Friday imo
     
    #14     Jul 29, 2005
  5. Momento

    Momento

    Be patient and watch the crude prices. Breaking back below $60 will definitely cause another buying spree in equities.
     
    #15     Jul 29, 2005