I'll take that bet. I may be a rookie at futures but I am not a rookie at trading. Charts are charts.
Your safer trading the index than stocks, I just cant get over the total lack of retracements, zippo nodda nothing.
It truly is amazing... even in 1998-2000 bubble mania we had -2% down days constantly not to mention huge scary gap downs on market... nope not anymore.... Fed makes sure of it!!
I've done nothing but buy ascending triangles within an upward trend, and it has only been wrong once, Of course I would have been better off just buying and holding through all four days, but I just can't get myself to take that kind of risk yet. Yeah, I know its no risk, but I am very risk averse when it comes to the market.
Look at this, no fear going into this employment report none what so ever, even after a two day 150 point run everyone is expecting more more more. I guess if we get a dip after the release their will be plenty of eager buyers. The dips are getting smaller and smaller, a 20 point drop is now a screaming buy, a 50 point drop take out a third mortgage you cant loose. A 100 point drop ain't gonna happen any more so forget it.
Dude valuations were sky high back then, you have not been a student of the markets for very long I see.