Wednesday, October 12, 2011
Badly Positioned
The crowd is just not well positioned for more upside. Everyone is loaded up with cash, waiting for a good entry to buy stocks or are short. The market puts pressure on the weakest hands, and those are the short side. This looks like the last gasp, just get me in no matter what type of gap up. Shorts throwing the towel, fund managers coming in to buy so they don't underperform even more. Expecting weakness in the first hour of trading. The time to short has come.
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9 comments:
Last gap up but could suprise and go to 1230 to blow more late bulls out and the shorts.
do not think so, this gap will be sold.
this market is strong. It would not surprise me if it did. The dollar can still fall for some more.
MO, what do you make of that most are leaning short? Or that fund managers will be playing catch up? Wouldn't this fuel this rally higher and higher?
Yes, after a brief pullback. But we are up 130 points in a week. The market is running on fumes and Fast Money CNBC has gotten more bullish.
This market really wants to go higher, if we get pull back, it should go into the 1370+. News even slightly good and it gaps like crazy. Might need a shakeout.
1370? Let's get to 1250 first before we talk 1370. A week ago people were talking 1000, now we're talking new highs? Take a deep breath, this is not 2010 all over again. It is a much weaker market.
Double bottom, failed bearish moives. Lots of positives for the bull. Now if growth is anemic, expectations have been lowered, so we should still go pretty high.
no high. looks bullish so we are going to push further up.
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