nothing I said contradicts your response except for the short phrase "timing isn't critical." you have to be in sync with the market to be a successful trader as opposed to being a successful investor, where timing is not nearly as important.
Check this out...from marketwatch SAN FRANCISCO (MarketWatch) — On Tuesday, the S&P 500 Index SPX, -0.17% closed above its 5-day moving average for the 18th consecutive time, a streak that has only occurred seven times in the past 20 years, according to Jonathan Krinsky, chief market technician at MKM Partners. And if the market maintains its current level for the rest of Wednesday’s session, we could see that streak extend to a 19th day.But despite the market’s recent good fortune, now is probably not the best time to buy. In the past, whenever the S&P 500 has traded above its 5-DMA for this long, it has usually been setting itself up for a modest pullback. “We are not suggesting that market is due for anything like we saw in July 1998, far from it,” Krinsky said. “However, the rate of ascent seems unsustainable,” he added.“We have a high level of confidence that there will be better entry points for long positions in the weeks ahead,” he said. “Some sideways consolidation would be healthy here, with a modest retracement back to the 1978-1980 level a reasonable target.”The current 5-day moving average for the S&P 500 is 2,035.24. http://www.marketwatch.com/story/do...arket-winning-streak-2014-11-12?siteid=yhoof2
19 days in a row..... Tomorrow 20 days 7 times in 20 years!!!!! That's an outstanding feat.... Remember zero risk in this market.
Yes, zero risk until all shorters are cleaned out. That hasn't happened yet. In fact there is risk of a sharp rally that rises vertically like a rocket.
I think the markets do jump like a rocket...straight upward....s$p should clear 2050 by end of this week and head to 2075 by next week and trade above 2100 by black Friday. By then we could literally skyrocket towards 2200 by end of December ...I see zero risk .... Going long some SPXL at about 85...should jump to $100 in the next few weeks and hopefully get to buy some ERX under 80 again. Oil should lift off with the markets too so ERX to $115-$125 is certainly a good price by end of 2014. No risk S$P to 2050 then 2075 next week 2100 by black Friday and a March towards 2200 for the Santa clause rally. Just buy. No risk...no down days.. just up.
You are probably right. I saw this guy calling for top ages ago, so did super grand cycle. Now after ages, I came back saw this guy saying the same thing again. But I didn't see super grand cycle, where is he? Missing him a bit, nevertheless, he brought fun to this forum. To S2007s, I just want to say, regardless it is true(i mean the conspiracy), even if the fed and the central banks all over the main developped countries are printing and putting trillions of money into the the market and try to cover the real economic situation in the reality and creating the next financial depression which would be worse than 1929 and 2008(not mentioning I have read an article which said the average american's living standard has never risen for ten years if you compare the increasing of the average income and the increasing of inflation and take the medical care and education cost into consideration, the situation for them has actually deteriorated. And the percentage of middle class american(the pillar of the society and economy)has decreased from around 60% to around 40%, which is a significant change. No wonder America would surely be left behind by China one day, unless this is a political or financial disaster solely happen in China. Overall, American is deteriorated as the tims goes with no doubt but the us stock market has gone higher and higher. From this point, I completely agree with you. But even if you are true, what can you do by knowing it? Buy! Buy the eft and stock of us market and make money from the you so-called conspiracy! That's the only practical way to do! Sell? No! You will end up losing money. Clear?