we have seen the double top theory, the death cross, now we hear the market MUST go down because gas prices will wreck things. People here just never learn the market dose what it wants. It dose not do what you expect or do what you want it to do
Top and crash calls will follow soon
Thx. I was going to ask you about that but didn't have time to wait for an answer. Confirms what I suspected though, that the only thing holding TVIX up is the share suspension. I figure that has to do something to cap upside potential as well.
Looking at the $VIX, it didn't form the hammer I thought it might. I still don't regret buying UVXY for the peace of mind this weekend, but the $VIX isn't exactly screaming impending selloff. Should be interesting to see how this plays out.
Worst case I own some UVXY I have to carry around until the 1400's. :)
your looking in the mirror and talking to one as well... dont forget to act like someone your not when your drinking the blood this sunday. try to find a clean t shirt.
and dont forget to tell God he cant read...im sure heal still love you!!! rofl rofl rofl
I have no idea either. All I know is if you understand trends this trend says higher. I don't care one way or the other which way the market goes on a daily basis in relationship to my equities i know I'll make money over the long haul. When i trade the e mini I only care that the S&P moves one way or another.
The other thing I know after posting on this board for a long time its a fools game trying to call or pick tops.I have seen so many come and go playing this fools game.
Seems JL and some others are the latest crusaders just waiting to get blown up. It's easier to take what the markets willing to give than trying to out guess it IMHO
FWIW, a close of 1370 - 1371 is about the most neutral signal the market can give us. Anything above favors the bulls near term and below favors the bears.
BTW, the 'dip' might be as shallow as 1353 so nothing to be extremely concerned about.