lol, seriously, come on guys. We're in a bull market! Bull markets like this one will end with an emotional spike, go through the last 70 years of US market history and you will see that markets like these do not simply roll over and turn on a dime. Techs have rotated out of the lead, we are experiencing a pull back, S&P and DOW will lead the next (perhaps final?) leg up. Until the average joe hops onto this one, we haven't seen a top, down is simply not the line of least resistence. This should be obvious to any non-emotional observer watching people call tops on a year long bull market when the SPX is 10 points off 12 month highs...
"Techs have rotated out of the lead, we are experiencing a pull back, S&P and DOW will lead the next (perhaps final?) leg up. Until the average joe hops onto this one, we haven't seen a top, down is simply not the line of least resistence. This should be obvious to any non-emotional observer watching people call tops on a year long bull market when the SPX is 10 points off 12 month highs..." Very true. And a 10 Year bond at 3.75% doesn't usually start the onset of a Bear Market, either.
Shhhhh. Don't tell everybody. If all the ET shorts get bullish who will be left to push the market higher?
I'm bored with your posts..... Moderator please delegate this thread to chit chat or remove waggies posts - they add nothing of value to the board ....
When our friends come on the board and tell us they've closed their shorts and are going long, I will then short
Yep. 1149.10 is the Daily Pivot, and 1138.20 was the first support level. Acutal low of the day, thus far . . . 1139.50