The market is never going down again

Discussion in 'Trading' started by GTS, Mar 25, 2008.

  1. GTS


    You heard it here first.

    Every day from now on it will close positive. Doesn't matter how bad the news is.

    Consumer confidence miss by 10 points? No problem.

    US real estate market continues precipitous decline with record decline? Piece of cake.

    Rally on the news.

    Holy crap - is everybody sitting short right now so we can't get a decent sell-off short of another IB failure?
  2. candles


  3. If you stare at the bark on the trees long enough the forest will start to appear anyway you want it to.
  4. GTS


    Can you translate these words of wisdom into tradeable advise?
  5. Look at the BIG picture.
  6. Yes, exactly. The S&P 500 is still down almost 14% since the October 2007 high. This market has a long way to go to reestablish it's footing. I wouldn't fight it too much though... I'd rather change my bias than try and fade the short term trend (up for now). Good luck.
  7. That is factually not true. I have the proof.

  9. Yep!!!


  10. After pushing big white bullish candles up the asses of shorts , its that kind of feeling...
    #10     Mar 25, 2008