So what will send this rally over the cliff?

I meant to answer the original question:
"So what will send this rally over the cliff?"

Answer: A down close on Tuesday. I meant it half jokingly.

 

You're a trader, right?

 

Equity only ISEE closed around 200 for the 4th time. It printed near 300 early and was well over 200 almost all day. Pretty impressive reading. Not quite the spike yet, but it's building.

 

Obviously a correction could happen at any time, but I see nothing causing a long-term change in the trend outside of a monetary crisis in Japan (their JGB gets away from them), or significantly negative economic news out of China or US. China is doubtful since they pretty much pick the number they want.

The US doesn't seem to be near a recession even though we're probably due for one, the economic cycle has been flipped on its head due to QE. It will happen at some point, but it could be another year or two, IMO.

 

Price action the past 2 session has actually be favouring the bear side for once... Yen keeps rallying and the closing prints on the indices have been weak

 

Usually when there is no reason for a trend to change, it changes. Markets are a bitch like that. Having said that, there is no reason to short the top tick. When we roll over, there will be plenty of chances to get short. Next correction could be in the order of 30%.

 

Dow hasn't had 3 consecutive down days since 2012.

 

I agree and frankly I'm kind of hoping for a 30%+ decline because if you can sidestep the fall, and buy back in you gain significant ground in building wealth vs B&H investors.

With that said, it's hard to complain about seeing your account grow EVERY day by doing nothing.

 

This is very close to what I think,even though I agree with Maverick74 that when there is no reason to change,trend changes.

 

THAT makes sense.