What's the deal with these constant late day rallies?

Discussion in 'Trading' started by Blue_Bull, Mar 15, 2010.

  1. I have an idea how you feel. In the last year we've had maybe only 6 retracements in the S&P 500 (I wanted to verify on prophet.net and see it's no longer in operation lol) so it might take a while before we get another retracement. I feel safer getting in during a retracement.
     
    #11     Mar 16, 2010
  2. One thing is sure. It can't do this forever!
     
    #12     Mar 16, 2010
  3. No.Heat

    No.Heat

    I tend not to worry so much about the why of things, the answer might be too complex and sometimes we find ourselves wasting endless time trying to find it when we really don't need to.

    I prefer to spot strong trending instruments and look for an opening regardless as to why things happened or are happening.

    No Heat
     
    #13     Mar 16, 2010
  4. the arb programs kicking in
     
    #14     Mar 16, 2010