I didnt say it would never happen...just seems like an extreme call to me. Hey, thats what makes this mkt go around. I bet DotSlash wouldnt trade the way I do.
THe S&P is on the verge of a magor leg down...40% or more. A lot of pain is just around the corner IMHO.
sp will trade between 900 and 1000 for the next day.. AT LEAST!!!!!! get in now we know where its goin!
Dont know much about the longer term trading stuff, but it seems to me we at least need a pullback to rest before we blast through the resistence zone we are currently touching. If it just went straight through, without some rest, I would be pretty surprised. That said... im not placing any bets. Why? I don't trade without a plan. I have no long term EOD plan for SPY, etc.. peace axeman
Look at the VIX, look at the overwhelmingly bullish sentiment, look at the trend lines and moving averages!!! I think you are all smoking something. Sure the market may go a little higher and may not unwind for a month or two, but I believe the ugliest move to the downside yet is at hand. This is the one that will make people sick to their stomachs...get flat then short while you can.