So your saying the world ended a few years ago?!? You are in more dire need of prozac than any body I have ever met. You really seem to feel you are living in some post apocalyptic world the likes of which Stephen King might write about.
Because of the financials' weighting on the major indices I expect the bullish % to continue to steadily climb as the averages lag. That's what's been happening for a few weeks.
You can keep kidding yourself Holygrail and when your wrong, which you are, you will simply disappear from this thread like Stocktrader with your head between your legs. Tommorrow, the doors to the conference rooms will be opened to reveal earnings much worse then expected. Holygrail insists we are still in a bull market. One look at the chart and all we see is consistent lower lows and lower highs since October or about 7 months and a reduction in about 16% from the highs set in 2007. Its guys like Holygrail that make websites like this ridiculous. Its hard to get real information when you got fools stating what a bull market it is, the bottom is in and then buy on the dip when the chart obviously shows something different. A veteran experience trader? No a fool who thinks he can trade and looks in the mirror each day wondering and pointing and trying to convince himself that the bottom is in... We wont get an apology episode from Holygrail once he is proven wrong by the swings of the market, but a sudden disappearing act from this thread.
Here is a video for you permabulls. Watch and learn. <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/uTOUxS0Vj9Q&hl=en"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/uTOUxS0Vj9Q&hl=en" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
Anyone who uses Cramer as a credible source to back his claims and to try and make himself look knowledgeable has no business trading much less giving anyone trading advice. The guy talking at the first of the video discredits Cramer which is a good thing, but as far as relevance, the video is 6 months old. Anyway, how are you even here since by your own words the world ended a few years ago? You have proven you have no clue what you are talking about. You have proven that you don't know how to read charts. You have claimed that terrorists will attack or a major natural disaster will happen soon. You claim the world ENDED after the dot com bust. Basically you have proven you have no sense of reality whatsoever. Psychologists have a word for people that have lost touch with reality...psychotic. Go get yourself some help before it's too late.
Market is doing a good job of discounting bad news. down side seems very much limited especially with the Jan 23rd and March double bottom.
There are a handful of lesser-known indicators that show the market to be at historically attractive levels right now, but I'm not telling you what they are. I'm hoping you just stay short and keep typing your essays.
Apparently you have no understanding of what I am saying. I posted a chart that clearly shows (based on P&F methodogy) that we are still in a 5 year bull trend. It is CLEAR AND FACTUAL EVIDENCE. You come back with supposition, conjecture, and emotional garbage. You then conclude that it is guys like me that make this site ridiculous. Now that really is funny. You are way too emotional to ever become a good trader. I would suggest a venue where emotionally delirious rants can pay off for you. Have you thought about working at Disneyworld?