I'm bullish.. but this thread is bull shit... too many underscoring and colored fonts. The broad market moves on the direction of major economic and world wide risk factors. Not because a few lines say so... and I'm fully aware of TA vs non-TA believers. I actually do believe a bit in TA, mainly because it's selffulfilling. When risk factors increase... trends are broken... and today, the uncertainty lies in NKorea, Trumps presidency (mainly whether it will last), China's financial system. And the only thing currently holding the markets up, is the fragile prospect of higher earnings due to a slow and steady pick-up of US and European economy. So... when either the economy is starting to point sideways or down... or NK/China/Trump risk will increase or blow up... that's the trigger for a bear market.... EDIT... actually... I'm not so bullish anymore... it's fading....
You may be right but if, as you said "slow and steady pick up......" continues this run could continue.
Good lord, you are legend in your own right hand, aren't you. "International tripping on holiday"...Is that even legal?
Yes of course.. I was merely pointing out that OP looks like someone who doesn't know shit from chocolate... this is a dumb thread IMO... but hey.. it's a journal so I should probably GTFO...
That is my signal as well. Chocolate rules all planes of existence. Once chocolate is mentioned in a thread that is diving into oblivion, there's some sort of rule named after a physicist that obviates the need to abandon the discussion, and just dive into chocolate. rAr! Cookies!
Thanks Jack for providing this Live lesson for newbies: NOISE + so many factors to consider = limp = indecisive Therefore right-click\send to\recycle bin STAY LONG
STOP raised to 2315 I tried to tell my friends TREND playing would take them out of their life sentence they're currently in. Ten listened and are out for good. The rest continue in "perish" mode lunch here today
At Marketwatch.com since 2014 there's a bull market in calls for death of Dow. Lafffff, baby laffff Why? So what if Dow dies tomorrow, I said to some of these cats? There is absolutely no way it would, even on the 700-point decline on the 1st day of TREND reversal, neglect to hand my STOP my earned spoils of war, while all the while my fellow Californians are in a bull-market in food stamps, which as the Dow breaks below the 200-day moving average will go into an acceleration mode not seen even thru' the Great Depression. http://www.marketwatch.com/story/this-stock-market-rally-is-for-suckers-2014-11-05 God, do I love it so!