I don't think this market can go up anymore in the short term. All the good news that this market wanted is out, and we're not having much of an up day. It looks pretty bearish to me for the rest of the day and tomorrow. I have initiated a short position.
6 comments:
In your trading history, rank this current move relatively to the largest continued moves up without a pullback.
The move up is not really as large as some I've seen in the past, but it is the longest and the steadiest.
Owl, What will it take for this market to have ONE substantail down day!! Jim
Dawg rank this move up all time using a handicap of move vis a vis the current economic backdrop.
heres something that i thought... a 10% move up is less important than how much the index is up for the year...at least to the general public
Think about it man... shorting only works when things are bad. Where are we right now in terms of boom and bust? Yeah that's right..the b in bust has taken place already. Shorting should be used less than getting long. This isn't 2002 anymore. Come on man even I have a job now.
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