Friday, March 9, 2012
Dips Don't Last
You had your chance to get long in the middle of the week, with the mini panic over China. We are already back to pre-selloff levels. It took all of 2 days. Even with a stronger dollar, this market doesn't quit. It has diverged from the weak dollar, up stock market relationship. This market goes up, weak dollar or strong dollar. A ridiculously bullish market. Shorting is for masochists right now.
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7 comments:
Like i said last post. Great call owl.
Your the only blog i found saying buy hear n now on that dip. Everyone else said these is 3-5% further downside before the rally.
Even if we do pullback a bit next week it might be to the levels we saw this week.
All the waa waa's are those who missed it. They will just have to pay higher price's.
this is just retesting the broken trend. ones shorting here will be greatly rewarded next week.
Thanks. A market that gives you very little time to buy dips is a market that wants to go higher. Lots of traders got shaken out on a mere 30 point drop, so many afraid that we'll repeat 2011. This is not 2011. Europe has been given its money injections, the Fed is never gonna tighten. The light could not be any greener.
Wow you finally got a call right. Congratulations. Doesn't help me tho
time to go long.
Shorting this market right now is for suckas.
Look at the 5 year chart on the spx.
This market clearly broke out and the next resistance is the 1430 from 2008.
But I don't think that's a hard resistance.
This market will gravitate to the previous high of 1550 from 2007 either this year or next.
Shorting is for fools right now..
Fools!!!
-OL DAWG
I'm shorting tomorrow SUCKAS. After y'all think nothing falls.
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