SPDR S&P 500 Message Board
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SPY plunge is imminent. Anytime now.
Day or night. Clock ticks.
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As I said on friday, It is all happening infront of our eyes. A slide to 142 then 132. It is getting worse in euro. Clock ticks.
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There's enough short interest left to push this market higher. Next week it will go even higher without much economic news to disappoint the market.
- 2 Replies to ayuday
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Short interest on the NYSE has been in a straight line down since June and is now at 5 year lows.
Sentiment: Strong Sell
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I have a news flash for you. There are no more shorts. Who do you think has been holding this market up, basically parabolic, from 1400 to over 1500 in 23 trading days (yes, that's true, you can look it up)? New money? Sure, maybe some, but the vast majority of a rally this fast has been short covering.
Shorts are gone now....you're on your own.....Good luck with that, you'll need it.
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Will you stop trying to scare people. Whats it to you if people are making money. Stop it already.
Sentiment: Strong Buy
- 2 Replies to alvin555
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This index totally BS. Yes, individual stocks should trade based on their performance. Negative economy and increase of jobless rate. This POS is at multi year high without reflecting the bad news. Holiday season came and gone. No big money spent on holiday
season. Not many participating in this rally. Those making money cautiously trading knowing the fact is long overdue correction is imminent. -
But you can pump 24-7? Look at all the 'tards on here telling naysayers to zip it-It was the same in Q1-00-As good an indicator as any.
Sentiment: Strong Sell
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