followed by the largest market rally. We will continue to go higher until everyone is bullish and then dreams get crushed again and down she goes. Question is, what level does the Dow/S&P have to get to get everyone bullish. 9000, 10,000? If we rally another 1000 points, I think the bears will start shaking in their boots, then 1 day of 500 pt gain on the Dow for capitulation, then we fall back to 7900. Sell your faz now and buy fas. Good luck
You're exactly right, except we haven't seen
the largest market drop yet.
I was skeptical about that back in March but
now I believe more in the Dow going to 6,000
or below again than in a continued rally to
9-10,000 and above. The continued rally will
happen but probably not this year or next.
There are possibly 2 more extreme legs down
before the definitive leg up I believe.
Remember FASmeisters, your speculation about
this is just as good as mine.
The question is, do you feel lucky?
Do you think the market will continue to move up
given good or bad news, ad infinitum?
my 4.6 lot stop order is 4.8, it will take care of itself
however, i cant touch the rest f th lts which are at 11 cost share, i have to continue daytrading fas|faz and keep faz leftovers from daytade s ave down lever.
sorry, i will only sell my last lot for 20 cent profit my friend, in case faz wants to do th shooting star and retest 4.5, thats ok
and i daytrade fas too, so my strong buy refers to both faz and fas, its just me toooo fuc*kin lazzy to switch boards all th time so i stick here until faz 71;)
This is going to be gradual rise that will kill bears. They think since Dow went to 6500, the market is overbought. That was because of fear everything was falling apart, the most imporatnt statistic is the fact that dow is off 6000 points and that is a historic opportunity to buy stocks, smart money knows it but bashers don't.
Little insider buying,lots of insider dumping however is going on.The smart money as you call it is leaving this market while the getting is good.
Just in case you haven't heard,bear markets only end when the bulls have thrown in the towel,that hasn't happened yet.
I'll grant you a possible rally extension to the 200 day on the S&P,but thats about all the upside I see.