some perma bulls are getting real upset by some the posts here, why? On a day like today you should be enjoying yourself, 15 out of 16 up days and you have to complain about what the bears are posting??? Come on. Im waiting for the chance to see 15 out of 16 down days. That will be interesting.
if the dow was off 1% today the vix would be up about 5%-7%. Because were in rally mode the VIX is all quiet, it should be under 10.
wait till monday morning, when you wake up monday and see more private equity buyouts following a 2% gain in asia you will regret shorting the YM, wait till 10-11am monday to go short. By then the dow should have crossed 13,000.
Good luck, volume today was piss poor, all the gains occurred overnight ym was up 40 on 2000 contracts early this morning. The problem is their are no sellers, I cant belive their is no profit taking and this hugh run. Everyone thinks its going higher this is almost a mini mania.