he would if he had any money left. lol. He's been trying to pick the top for the last week or so. Must have been really painful.
One day he will learn to follow the market instead of trying to use logic to determine the direction of the market.
Funny thing is, he will be right one of these days, but he'll be too broke to make money off it. Same thing goes for Stocktrad3r.
You got dat right!!! I been sayin' it for years: Buy the Tank! Take it to the Bank! Long the Drop! And Short term Hold - Turns into Gold! Grab the Dump! Sell the Pump! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Well there is no doubt that this is a time to be cautious, but there is a big difference in being cautiously optimistic and the "sky is falling scenario" we've been hearing for the last two weeks. People definitely see what they want to see. When the market is rising it ALWAYS looks like a double top until the market exceeds the last top. Sometimes it takes two or three shots at the top to push through it. I've got all kinds of negative divergences so some kind of correction is probably coming, but that is what stops, trade triggers, or contingent orders are for.
Blue, For what is worth, Im short for tomorrow, especially on Qs/SPY. Not full blown bear since the uptrend channels are intact but today's action was quite a lot and there is just too much economic data starting tomorrow. Good luck to all.
Blue, your cred is shot. If you think the market is going to go south set some price targets for the next few months or so and stick to them. Stop making these stupid one-day predictions that feep failing.