All the US indices are clearly showing signs momentum is waning, but the dammm futures always lift the cash and then we just trade sideways in a range. This is so abnormal, all I want to see is normal retracements, we use to have them before the dammm futures came along, man I love them futures. Were running out of gas folks, the evidence is clear.
The last time our markets were this out of balance was 99-2000, indicators are declining as price rises, this has been going on for the last three months. I keep buying the dips, but I am ready for a sharp decline should it come. Technical analysis is a windsock, not a crystal ball. Be prepared to adjust your tactics and strategy if conditions change.
eqttrdr, Stocktrad3r and makloda are suppoting this market, don't you read? In reality, it is obviously a game with futures to run the equity side. I am with you though, not sure how much longer it can go. Look to the guy with the Gold MAN sacks for a clue. spending up income down inflation much higher than their adjusted bullshit data gdp almost at a standstill and the single most bearish info...........my teacher buddy called me up and asked about how to do some stock trading to make a little cash!!!