See my post last Friday - Hope you are one of them that still LONG .. Market tend to fly again after open . Bottom line is - there is NO seller in this market, just listen to the market and follow trend .. I myself will go LONG !!
the fed like all market manipulators will see you don't mess with free market capitalism..all market manipulation backfires.. either the fed goes bankrupt propping this market or something worse. steve jobs and page at apple and google don't need gov't supporting the market.and consumers don't need the fed causing oil prices to rise with QE. fund managers with cash have to buy because fed is artificially keepign interest rates loow...bascially forced by the fed to buy commoditites and the market. it's gov't intervention of the free market. or gov't manipulation of the free market. this gov't intervention in the free market hasn't occurred so bluntly before in previous recessions. this market manipulation will backfire on the fed and the economy. unintended consequences..capital leaves the US and investment declines etc. as the US dollar declines..and hyper inflation kills the consumer. consumers won't be buying anything no iphones or computers..no cars. gov't won't get taxes as sales tax revenue plummet. sales taxes is the gov't biggest revenues.and if the consumer dries up no sales tax..property tax dries up as home don't sell. property taxes are so high people rather rent. it's price correction not market crash. prices fluctuate but these ponzi scheme participants don't seem to care. the fed or some big boy is buying up all supply. i mean one entity owns 40% of silver and 20% of oil. 2 guys own the stock market. go figure that out. now if this isn't a rigged casino embezzlement operation and ponzi scheme i don't know what is. the fed in a sense is using or borrowing money from the future generations to bailout wall street. and bailout the banks. hence the future looks bleak. the fed like many banks don't have money..the money they print just dilutes the currency.
Adding more LONG positions for this small pull back, my 2 cents is the market will move higher again later on as we don't have any seller in this market .. if you are one of those late to market fund manager, ask yourself are you going to close your long positions now and to be looked like idiot next year ?
As a trader you no need to care about this, the only thing to mind is to listen to what market tell u - now is it is UP and you have to LONG. When all of these fake pump up run out of steam, then you can begin to SHORT .. now is LONG time
Still holding my LONG positions, another good day My 2 cents is the market will open flat or slightly lower tomorrow, but will move higher again later on, will keep my positions overnight.
you ain't gotta convince me! Im the most least suprised person in the world to see it nicely green again! ES will always have a very strong upside bias in general.
LOL. I don't think i need to pursuade you, I am not selling any course or trading system here I just load more LONG for this sudden pull back, the up trend not yet broken..