Has nothing to do with the weather. Sheesh. The market believes the Fed will back off tapering, or at the very least push out ZIRP even further. It's addicted to money printing. Anything that makes that go on longer keeps the party going longer.
Arguing trading is like arguing religion. I'm buying every dip, but go ahead and miss out. I'm so confident, I'm leveraged with options and I'm not using any hedges. This market is going to the moon.
I usually don't fight a battle of wits with an unarmed man, but in this case, due to his bloated ego-rudeness, I will make an exception: "HEY, BADNEWSBEAR, HOW IS YOUR LONG DUST POSITION (that you entered at 28, see: http://elitetrader.com/vb/showthread.php?t=280803&page=10 )? I READ YOUR LATER POST THAT YOU JUST AVERAGED DOWN FOR MORE! HA HA! GOOD LUCK!" : )
That's hilarious. I've been accumulating puts for the last 2 dayz as the tape grinds higher and beginning to question my sanity. Might lose some fur if we don't get a pullback soon :eek:
Plus we are still in a bull market; the market can shrug off bad news and keep going up. When the market shrugs off good news and keeps going down, well, that's not a bull market!
Draw ur trend lines, and look out for candle formations, buddy. If a top does indeed occur, I would guess, at this point, that going short MIGHT be good in about 3 weeks. I am currently long a few stocks, not short anything.