Xmas Rally Has Finished.

Perhaps staying long on the Dow was the right choice.

The CFD, us30, just opened up over 80 pts.

 

Grand, when are you changing your mind that the Xmas rally is back on?

 

Think deeper. Slippage, exchange fees, commissions, etc., I could go on... Trading is absolutely a minus sum game, and you need to understand that. Read "Pit Bull." It will open your eyes. I've got the e-book. If you want to know more than I've got time to elaborate on, pm me, and I'll e-mail you the book. Best wishes to you.

 

DOW weekly chart reveals what market intervention has achieved this
year: substantial chop and little else which serves as a bearish warning
stockmarket618.wordpress.com

 

Lower high right now. Sell or go short, and if you're not aggressive enough to go short then you should definitely sell here.

 

Not touching that until after 9:45 EST.

What is your immediate reasoning for this? There is nothing about the 1 minute, 5 minute, 1 hour charts that show an imminent siginificant, decline.

 

Futures up 17 from Friday's close (and the date of this thread's creation where the OP said it was finished).

Wow.

 

Higher recent high looks very probably right now.

 

Reminder that recurring USD selling supports stocks thus causing more short covering spikes.

 

Not going short unless it heads back down to about 12018.