''Staying long any one ???'' Put it simple ; its still a fine uptrend/still a fine friend. Another derivatives trader said [with this Valentines day] uptrend i can feel the love. LOL Put it simple; SPY/ES/DIA still a fine uptrend, still a fine friend. QQQQ looks like the polar bears are going to have a feast about $45.45 [area]or sooner. Not a prediction. more like probabilities , Dr. Green
you longs could be right but the current es channel is 1462-1436,your long near the top which means you are expecting a breakout.....why a breakout....any reasons?
I liquidated back in December and took nice profits. I'm cashing most of the rest of my chips now. I just can't find good valuation in high quality companies running my screen. It was easy back in June of 06. I'll see y'all after the next correction. Whether it's in three weeks, or four months, it really doesn't matter to me. I don't like soft landing pitches when there's no historical precedent for them, and the 'it's different this time' line bothers me at a very fundamental level. (I will buy specific stocks on dramatic dips, where there is fundamentally great valuation)
More and more effort expended to move fewer and fewer points higher. Momentum is slowing. A trigger to break the HH and HL. What will it be? We ain't going much higher tommorrow. Next week? This bull is getting tired IMHO.
Well, well, well... BOJ. Rates increase. Can't you just feel the liquidity slowly drying up. CPI. Higher than expected. oops. No more dollars from heaven. Again is the pool getting shallower or is that just me. Market frothy as all get out yesterday again. Interesting times.