Yeah the highr it goes, its just adding gasoline to the fire, so many fund managers on the sidelines right now, going to lose their investors if the market gets back to positive this year and they have to report a big loss, those guys are all going to be gambling at the end of the yearif the market is back at the highs, look for the IPO market to explode. Ive had a strategy for a while now thats worked pretty good, in the months between november and march buy overhyped IPO's market on open, and sell them into strength with a tight stop if it starts out downword, ive been doing it for a few years now and it works real well, just playing off of fund managers desire to gamble at the start and at the end of the year.
SPX back to the trading range established between March and August, I think this will make another run for fresh all time highs.
200 dma coming up at 2060 market surfer lost all his money and quit...i've never been more confident that this market is a short
at the risk of generating a squeeze in Russell/IWM...it's basically done nothing while the main indicies have gone parabolic...Mid-caps also not doing much.
It's putting the "fear of God" into anybody short the thing...yesterday's close to today's levels has got to make Top 10 greatest bear traps I've seen...
Long a ton of SQM right now average is up too 18.06 now. Thisd is the kind of chart i love, Tight stop if it breaks below 18, easy trade, very limited risk.
was out shopping, just had alook at es chart, bit of a double top, might be worth shorting here at 44.5...not for me though!!