Just a qn -- if the market goes down 5% and that is the bottom, will you make money? The seasonal graph shows that it does go up most of the year even with a short term correction. Are you position for a bigger decline or a small correction?
the short answer is that i am adjusting my positions based on what the market is doing. i still think that 113 gap on SPY is reachable but no guarantees.
Markets are in rally mode once again!!!! Keep buying, risk free returns continue as the bubble continues to inflate. By tomorrow morning futures will push higher by 1/2%. *S&P FUT __1213.90__ +1.60 __+0.13% *DOW FUT __11162.00__ +20.00 __+0.18% *NAS FUT __2055.25__ +2.25 __+0.11% MAJOR ASIA INDICES *NIKKEI __11141.31__ +226.85 __+2.08% *HSI __21592.88__ +348.39 __+1.64% *CHINA __2985.84__ +2.30 __+0.08% *S&P/ASX 200 __4881.52__ -25.85 __-0.52%
My timing has been spot on. I picked 4/16-4/19 as a cycle high which it was. I called 1185-1190 as the battle line which it was. I called for strength and a new high going into May. 04-23-10 04:25 PM Man oh man!!! Strength. Everytime there is selling the sentiment swings so quickly and the bulls so strong it feeds on itself. Slow grind higher. It's weakening but ever so slowly. It maybe May, and it maybe Mayday, but until that day I say no way to holding the market at bay. Fairy tales are for fools. I am a cycle fanatic. They work but are context sensitive. But hey I like the abuse that's why I come to Elite Trader
we have a new record! this is not a good news for the bears. Monday, April 26, 2010 NDX Closes Above 10ma for 50 Days In A Row - 1st Time Ever The NDX has now had a remarkable streak of 50 closes above the 10ma. Thatâs over 2 months without even a mild pullback. This is the longest streak since the indexâs inception in 1986. Below is a chart that shows the number of days the NDX has spent above it 10ma at any point in time. (click chart to enlarge) Itâs a little difficult to read when try to jam so much history into a small area, but the spike on the right is the current count and it is up to 50. The previous high lasted 47 days in 1989. In last nightâs Subscriber Letter I also discussed research associated with long streaks in the Dow (now at 48 days) and S&P (recently ended at 42 days). The general finding was that such persistent upmoves have a very strong tendency to continue up after the 1st pullback occurs. Rarely will you see an abrupt end to these kind of moves. http://quantifiableedges.blogspot.com/2010/04/ndx-has-now-had-remarkable-streak-of-50.html
fucking amazing!!! Its performing a 10000 times better now than in 2007 when the economy was running on all cylinders. The new bubble has arrived!!!!