As long as they can find a stock or 2 in the DOW to keep pushing higher the dow will continue to rise, CAT and IBM are the 2 winners today.
SPX going for 8 straight weeks of gains and not only that but the S$P has not fallen below its 10-day moving average for over 30 straight trading days, this has NEVER happened before!!!!!!
I'm glad you helped mark the top Tsing. I'm looking for a grand top at S&P 1295-1300 hitting early tomorrow with a big reversal to the downside tomorrow through thursday. My indicators set up well for downside activity this particular expiration.
We may very well open above your "grand top" so you might have to declare a higher "grand supreme top" around 10 am. Quite seriously you should just give up until late April. Then you can join me shorting at much higher levels.
Unfortunately, more money has been made long than short in the history of markets. I have favored net short from time to time, but right now doesn't seem to be time to be selling short the farm. Perhaps if VIX rise. Even then, my short is something that almost no one on this board is talking about, which is China. Strange how the bears miss the real estate bubble there with 30+ P/Es, and rather short AAPL with lower P/E and higher growth rates.
Thank you for proving what I always said about you..that is you know zero about trading. A grand top forms right before expiration and takes the index lower into friday.