You were slobbering all over me last summer as romeo. It's too bad you have no spine and cannot acknowledge that I taught you alot about options.
I want to talk trading, but the maggots here never allow it. God forbid someone besides the "establishment" makes a call.
I feel your pain. But honestly I think the situation on ET will get worse before it gets better... it's free -- all ages all IQs all everything. I agree with steelhead - just talk we might agree with you. JT
OK, but I ask a favor. When the maggots do come out, and they will, I don't want to be the only one stomping them out. You folks need to tell them to piss off as well. I'm talking about the usual maggots, mvic, pcpr, waggle/NVS, mecro. There's loads of reasons. The same reasons that I listed when I said on 3/4/04 that the market had topped when the S&P was at a 52 week high. This rally just represents a squeezing of the johnny-come-lately shorts, and now that they've been squeezed, the market can decline again.
i scalp dimes, and try not to have much of a overall opinion, but this thing feels strong and its had a bid the last several sessions its not like its been spiking up with huge volume squeezing shorts, please tell us you have more than this argument
I have alot more. Like I said, the same argument I made in the below thread still apply in force here. http://www.elitetrader.com/vb/showthread.php?s=&threadid=29376 Plus, my track record in calling tops on ET is pretty darn good (past performance not indicative of future results!!)
Also: the persistant high oil price, and now you can add the coming higher interest rates. I wouldn't be surprised to see a 3pm sell-off to get the ball rolling. Note: I'm making this assertion just like I did last time: AHEAD of time, with the S&P at a high. Now its 1143.
the unknown associated with terror doesn't help. But the massive offensive on the afghan border to find the slime does help the bullish cause.