Discussion in 'Trading' started by thorn, Nov 27, 2006.
Meanwhile, the shorts get squeezed, once more.
Elliot waves are useless for predicting stocks. They are impossible to interpret and it isn't founded on any real science or mathematics.
This is a perpetual bull market. I WONT end eany time soon bears. THERE ARE NO SUSTAINABLE DIPS. Every dip is bought. Last mondays dip was bought. Every dip for the past 6 months has been purchase.d No one wants to sell .There are stocks being bought her.e Floats being purchased. Too much money to be made going long. NO one wants to be left out of hte bull run. Companies make record $$> Consumer spending record $$. Oil is stable. Iraq is stable. New guys in office in 08. Time for Christmas spending. New years rally+2008 rally=2013 mega mega bullbe. All is good. Clear skies ahead. 100% upside.
I don't think you have the guts to put me on ignore. You love reading my posts, hence no ignore, still.
oh man, nominate for top ten greatest quotes :eek:
Hey Thorn, you keeping an eye on your current poll ? If the past is any indication, we are getting close.
Looks to me that we are just about to get another strong move up. Maybe a blowoff move, maybe not, but the next move looks up to me.
the Russell looks exhausted at this point. I could be wrong and still not shorting but I'm just stating what I see.
I don't have a specific level in mind, but this does look like an almost completed triple divergence formation on the daily chart. Personally short ES with Jan SPY 143 calls.
Have to give accolades to thornybird on this great call.
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