this has got to be a blow off top

Discussion in 'Trading' started by Kicking, Dec 27, 2006.

  1. exactly. it's pretty funny actually. forget about testing the sentiment in the US market - you have to test the sentiment in the global markets. intl markets come down, it pressures the US. the hilarious thing is expectations for the intl markets are to continue their pace. oh really? so china will double again? india will gain 50% again? vietnam will gain 150% again? please.
    #31     Dec 27, 2006
  2. Tums


    yes, and people love to call for a correction.
    #32     Dec 27, 2006
  3. talking with some aquaintances, and yes, hairdressers and registered nurses are once again getting back into the stock game.
    #33     Dec 27, 2006
  4. Even if that were true, which I don't believe it is, it could still be 6 months to a year before any major correction.
    #34     Dec 27, 2006
  5. You know that same happened last year right?
    Then came january or february...I went down.
    Just wait for the next will come and so will the correction.
    Of course, it might be a minor one but, it can be a large on as well. Unfortunatly I do not have a crystalball, nor any idea where the markets are going to finish.

    This reminds me of a CNBC interview in the end of last year, where bunch of 'market gurus' were trying to pick where the market is going to finish. Everybody where very modest or bullish. Except, one. Actually if I reckon correctly he called DOW to be finished on 12,500. Hmmmm.....nice call (whom ever that might be):D
    #35     Dec 27, 2006
  6. u can get so much going your way when long if u ask. 10th bear thread today. eeeeexcellent.
    #36     Dec 27, 2006
  7. this is hilarious. reminds me of may. there were a ton of bearish threads out there. the bears just kept on calling top top top. no avail. the bulls were taunting saying wait for the trend. then the floor fell out of the naz hard.

    i really don't care if there are a lot of ET threads that are bearish. i sorta consider it an affirmative indicator rather than a contrarian.

    the market is about to turn and it's gonna be a bloodbath. it's very clear that we're about to go into a recession by april and that sentiment -in aggregate - is extremely bullish. not a good mix especially with jan's negative seasonality on the NAZ. longs get killed at will in Q1 07.
    #37     Dec 27, 2006
  8. ok.
    #38     Dec 27, 2006
  9. Neet


    I know it has been said a million times but trade what you see.

    Don't force a prediction, it will only cloud your judgement.

    No need to be bear or bull but you must be able to adapt.
    #39     Dec 27, 2006
  10. bgp


    correct, trade what you see and listen to what your trading ! spx contract says buy 1375 june puts for 23.00 - 24.00 .

    #40     Dec 27, 2006