What do you think of this theory: players in a place call market flip coins, and the non-players watch the game. If paths drift to the downside, negativity sets in and humans talk about negative and even gloomy things. If paths drift up, people feel good, spend more (which helps the economy, and earnings), and the economy benefits. Now it is drifting up, until it drifts down?
revenge of the algos.... <object width="480" height="390"><param name="movie" value="http://www.xtranormal.com/site_media/players/jwplayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars"value="height=390&width=480&file=http://newvideos.xtranormal.com/web_final_lo/224fcc7a-aef3-11df-9269-003048d69c21_13_web_final_lo_web_finallo-flv.flv&image=http://newvideos.xtranormal.com/iphone_final/224fcc7a-aef3-11df-9269-003048d69c21_13_iphone_final_poster.jpg&link=http://www.xtranormal.com/watch/6985513&searchbar=false&autostart=false"/><embed src="http://www.xtranormal.com/site_media/players/jwplayer.swf" width="480" height="390" allowscriptaccess="always" allowfullscreen="true" flashvars="height=390&width=480&file=http://newvideos.xtranormal.com/web_final_lo/224fcc7a-aef3-11df-9269-003048d69c21_13_web_final_lo_web_finallo-flv.flv&image=http://newvideos.xtranormal.com/iphone_final/224fcc7a-aef3-11df-9269-003048d69c21_13_iphone_final_poster.jpg&link=http://www.xtranormal.com/watch/6985513&searchbar=false&autostart=false"></embed></object><object width="480" height="390"><param name="movie" value="http://www.xtranormal.com/site_media/players/embedded-xnl-stats.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.xtranormal.com/site_media/players/embedded-xnl-stats.swf" width="1" height="1" allowscriptaccess="always"></embed></object>
Still feels good to be long. Can you give me any sensible reason why I should unplug this money printing machine? The trend is up. It will go higher.
It is also a money burning machine--- if you look at the other side... or if the other side comes to you. I would be prudent.
Yes, I'm being prudent, thanks for the advice. I just DOUBLED my position to 34 contracts. The trend is up.
The bulls are screaming 1120-1130 now on the SPX, at this point it doesn't matter because will probably top out around that range and head back down below 1100 once this entire move is done with, the SPX has bounced off 1040 about 10+ times already, the problem with that is that WHEN (and not IF) the SPX finally does break 1040 the drop is going pretty magnificent. Get ready for major volatility ahead. I hope the bulls dont get too greedy, seems every time the market breaks out the fools start yelling for even greater profits in the SPX and every time they do that the market falls apart.