Good chance Market near a short term high.

Discussion in 'Trading' started by dgabriel, Nov 22, 2005.

  1. Indexes rally to new highs, most indicators overbought.

    VIX is at a 2 month low and stretched to the downside, but the worst thing about this rally is deteriorating market breadth.

    Next 2 weeks may see the market at least 3-4% lower.
  2. MVP


    hope you are not short

  3. exactly
  4. only a rookie would be short here (that doesn't mean you can't take a little off the table on the long side, though).
  5. I'm long at the moment and doing fine :D
  6. Look back about ten+ years, the VIX has been moving at extremely LOW levels! You can't fight Wall Street, wait until Q1 '06...evaluate then.

  7. You guys are all chumps. IF you think now is the time to go long, get your McD's applications ready. Or, you can come and clean my house for a better wage.

    I stand by my first post.

    Read my post 8 weeks ago on the market at a short term low.
  8. You can't fight the Fed, no one can...
  9. Anymore platitudes Enfinity?
  10. There is no bad time to get long. Up up and away.
    #10     Nov 22, 2005