Back when Sergei Bubka had the pole vault record, he would try to break his record by the slightest amount, 1 cm, so he could keep breaking his record later on. The bulls are doing the same thing. Currently, the ES is right at the flat line, the last minute push in the final 5 minutes of futures close could push it to another green finish, to keep the winning streak going. What a scam. But I can't fight it just yet. I am looking for one last squeeze higher which I will be all over on the short side.
Thursday, March 18, 2010
Sergei Bubka Market
Back when Sergei Bubka had the pole vault record, he would try to break his record by the slightest amount, 1 cm, so he could keep breaking his record later on. The bulls are doing the same thing. Currently, the ES is right at the flat line, the last minute push in the final 5 minutes of futures close could push it to another green finish, to keep the winning streak going. What a scam. But I can't fight it just yet. I am looking for one last squeeze higher which I will be all over on the short side.
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2 comments:
Good analogy. The mkt goes 1 pt higher. And will fall down, like Bubka
I remember when Bubka blew it at the Olympics. He passed on the first 2 attempts and faulted on his 3rd. He didn't even qualify if memory is right.
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