Markets need to correct

This is getting a little goofy now, I am a bull but this is not healthy these vertical assents without any corrections.

I am on strike until we get a correction enough is enough

 

i been sayin that for months now , has nothing to do with being on one side or the other , but something here just is not right .
the longer it goes on , the more damage it will do when it finally does break . jake

 

mymini is right, i have seen some bulls say its getting a bit risky now. Its being mentioned that managers are being forced to put money to work at these levels because nearly every investor doesnt think this market is going to correct. This isnt healthy if you actually think about it.


23 out of 26 up days, longest streak since 1929.

Today will the 41st record closing for the DOW since OCTOBER 2006.


Those are outstanding #'s

Dow has rallied these last 4 days in a row.

 

6-7 times today the dow was bought before even turning a little red


http://finance.yahoo.com/charts#chart1:symbol=^dji;range=1d;indicator=split+volume;charttype=line;crosshair=on;logscale=on;source=undefined

 

make that 8 times now...


was up around 3, now up 18

 

It's ridiculous...I wonder if a few Gazillionaires at some hedgies made a bet:

How many days can the Dow go up in a month for $10B to the winner?

Now they're just using their respective funds money to try and hold it up! It's a theory at least.

 

The market will not take a breather until she goes completely vert.

 

The Dow is up 1000 points in 3 weeks, thats a pretty steep line.

 

23 trading days, the dow has gained 1000 points.



3-May-07 13,206.65 13,306.55 13,131.42 13,241.38 3,007,970,000 13,241.38
2-May-07 13,133.94 13,291.60 13,105.34 13,211.88 3,189,800,000 13,211.88
1-May-07 13,062.75 13,188.96 12,993.02 13,136.14 3,400,350,000 13,136.14
30-Apr-07 13,120.21 13,226.99 13,003.91 13,062.91 3,093,420,000 13,062.91
27-Apr-07 13,104.04 13,195.05 13,002.37 13,120.94 2,732,810,000 13,120.94
26-Apr-07 13,088.84 13,197.49 13,016.43 13,105.50 3,211,800,000 13,105.50
25-Apr-07 12,951.42 13,142.31 12,929.80 13,089.89 3,252,590,000 13,089.89
24-Apr-07 12,919.64 13,033.66 12,845.12 12,953.94 3,119,750,000 12,953.94
23-Apr-07 12,961.49 13,029.59 12,867.96 12,919.40 2,575,020,000 12,919.40
20-Apr-07 12,811.15 13,035.77 12,811.15 12,961.98 3,329,940,000 12,961.98
19-Apr-07 12,799.77 12,889.17 12,677.47 12,808.63 2,913,610,000 12,808.63
18-Apr-07 12,771.08 12,871.21 12,691.20 12,803.84 2,971,330,000 12,803.84
17-Apr-07 12,719.56 12,837.40 12,669.50 12,773.04 2,920,570,000 12,773.04
16-Apr-07 12,611.64 12,770.60 12,596.36 12,720.46 2,870,140,000 12,720.46
13-Apr-07 12,551.91 12,654.47 12,504.04 12,612.13 2,690,020,000 12,612.13
12-Apr-07 12,483.64 12,580.92 12,407.50 12,552.96 2,770,570,000 12,552.96
11-Apr-07 12,573.12 12,618.63 12,432.53 12,484.62 2,950,190,000 12,484.62
10-Apr-07 12,561.96 12,588.70 12,550.42 12,574.48 4,100,000 12,574.48
9-Apr-07 12,562.64 12,641.22 12,505.83 12,569.14 2,349,410,000 12,569.14
5-Apr-07 12,505.73 12,573.02 12,501.25 12,560.83 2,357,230,000 12,560.83
4-Apr-07 12,511.36 12,591.81 12,444.55 12,530.05 2,616,320,000 12,530.05
3-Apr-07 12,431.28 12,534.49 12,378.94 12,510.93 2,921,760,000 12,510.93
2-Apr-07 12,354.52 12,450.81 12,284.54 12,382.30 2,875,880,000 12,382.30
30-Mar-07 12,348.91 12,442.40 12,237.87 12,354.35 2,903,960,000 12,354.35

 

Boy we almost had some bearish candle setup in the daily and weeklysin the SP and Dow, but they were able to push it up in the last 10 minutes, go figure.

Naz has bearish dailys and weeklys