We'll have 1 or 2 down days and we'll go right back up. You have to be a buyer. It is a bull market. Shorting is a sucker's game right now, in ES anyway. If you want to go short, short a weaker market. Why short the strongest market? Likewise, if you want to go long, go long the strongest market. ES is one of the strongest markets.
There is strong resistance at 1345 so I think we're going to have to bide time at these levels, but I don't see us going below 1300 anytime soon.
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Don't we need a little pullback at these levels to keep this rise going?
Yes, maybe 20-25 points. I think asking for 40 points is pushing it. So many are underinvested after the Euro scare last year that money is waiting to get in on any little bit of weakness. That will keep the dips shallow for the next couple of months.
Resistance at 1345? Doubt it.
I'm hearing the same thing over and over and over and it's TRUE, there is a ton of cash on the side lines.....BUT what makes EVERYONE think the sideline money is coming in now?? or this month?? I believe people will wait as long as 6 months or longer before committing more money.
When u getting short dawg
http://www.bespokeinvest.com/thinkbig/2012/2/8/aapl-vs-csco-woulda-shoulda-coulda.html
I'm waiting for the perfect spot. It is hitting yourself over the head trying to short this market. Very very strong market.
i guess that was it!
the big pullback everyone was waiting for.
Now it's on to 1400!!
should have held your ground on tvix Dawg.
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