The only waste is your closed minded little brain. Revisit the thread in the future and tell me how the market did once it tested that line, you will end eating your past words. Freaking idiot with little brain.
It would be far more productive to this forum to figure out how much further the rally can go, rather than bicker in disbelief that it is rallying. Clearly, quantitative easing is lifting the markets. Do you really want to fight Ben Bernanke and his checkbook? Someone opened a $600,000 160/161 debit call spread on SPY one month ago. That spread is currently up several hundred percent. Clearly someone knows something we peasants don't.
its a economic trade only to short but when economics and the market meet nobody knows. this has never happened before to even look into the past. the government selling securities and the fed is buying the securities than giving profits back to the treasury. if you had 2 accounts and you were buying and selling with them to manipulate the market that's a crime. ben is doing hotdog sh*t with unlimited money.
Here are the four main indices and they're all pegged on their upper trend lines. It's been a strong week :eek:
interesting observation. had the feel of some capitulation above that longer term SPX trend line in ES today. 66 weekly period ATR in ES is around 43 right now; this week alone we moved 50 from low to high. the only thing is mkts tend to over shoot and 1600 is not far away so I wonder. food for thought. JPM earnings tomorrow morning, should get some movement in mkt. north korea is the potential geopolitical event that could turn this over; it is being downplayed way too much. sell in may go away will be very interesting this time around.
After a few drinks its all clear. Itâs not just JHâs TA or Smurfâs PDâs or what ever. Itâs now a global mindset. The middle-aged European thinking mindset of a man is no longer the main driver in these markets. Look at the last US election. It wasn't the middle aged white dooms day peppers calling for financial collapse that won the election for a minority candidate. There are folks out there with different views on the world than an uptight middle aged white guyâ¦and their facsimiles. Folks are tired of doom and gloom warnings from the typical sources. The new market participants are tired of listening to no. There might be momentary dips, but this market is now a true world market more than ever. Itâs becoming a brown marketâ¦.at least off white. Beyond the comprehension of those who watch dooms day preppers. The current economic conditions are improving all over the world. Some areas faster than others, but on a general global upswingâ¦except for hose run buy middle-aged Europeansâ¦hhhmmm. . Long long long. But it could just be the drinks.
(!) I forgot about that one. There have been significant pullbacks around this time, over the past 4 years.