Then, U should have followed eyeinthesky's absolutely idiotic rec to go short. Now, he's nowhere to be found? Gee, that's odd? Where could he be? There is no top yet. If one looks as individual stocks and ETFs, there is a constant rotation in and out of the components of the indexes, irregardless of any fundamentals. One example, is the XLV (a health-care ETF). It got spiked in volume (over 20 million shares in a day) at resistance last week, and has since melted-up. This is why the indexes won't fall. I'd say the "volume" what ever it be, is "phantom volume"....100 shares bouncing back and forth between funds in microseconds. The big boys jake the indexes up on this "phantom volume" and one day it will head south (pre-market) in a big way, trapping longs. There's no way of knowing when the music will stop. Anyone who took eyeinthesky's advice yesterday is a fool
Precisely....no one is buying puts, when U have a market that can't fall (based on the usual chart configurations). No one with any sense is buying in on this con. The big boys know every card that is dealt to the players. U can stay long, but you will never know when the market goes -25pts in premarket.