How many are at all time highs? I think that also would be interesting. Also, I think keeping an eye on the RSP would give us some truth about what is what.
I think the RSP has limited upside potential because there is no weighting system.
The 1 year trend on the SNP 500 has been repaired. It was technically repaired on JUne 8th. People are simply not seeing it for what it is.
People that use moving averages simply are not looking at the true trend and the true rolling 1 year trend is up.......
Charts must be repaired to bring back traders. IT is that simple.
So, that being said.....if a trend is rising.......then one should try to buy pull backs..........all there is to it.
I am about to be met with many thumbs down for this post......but the trend can be calculated and one should never fight a trend.
I will give you an answer. There is an open gap. I would be surprised if it does not fill. The close of the Nasdaq emini on 12/30/15.
I suspect that gap gets filled. And eyeballing the chart my thought is that there is a naked POC that has to be touched as well.
Gaps are created and left open for a reason. It is a place to go back to from the past.
Actually what you do not have and what they do have is access to who owns what and the margin associated with who owns what.
The trading is relatively logical. Although the prices are UP the actual structure of the trend has been bearish.
There is a mathematical equation that shows this and it will always be the same no matter what chart you use.
There was not a reason in the world to start a long today above 4259.75. I started shorting the push ups after 10 24 am.
If you want to know about this hit me up with an email and you can see how the paint job works.
this is funny......I am not a denier at all. I think there are certain events that cause climate to change and I think that humanity is also part of the equation.
One good volcanic eruption from Yellowstone could really do some damage.
But that being said, it's quite obvious that if you cut down the trees and burn the filtration system (trees) and those filters (trees) happen to hold Carbon then CO2 levels have to rise.
And since all organic fossil fuels have Carbon, CH3, CH4, ethanol, methanol.......when you burn them you have to get CO or CO2.....basic chemistry.
SO you call me an imbecile and you call me stupid as well?
I sure hope not.
Maybe you should rethink that since I am actually saying that you make some very valid points.
I assure you I am not stupid or an imbecile and I think calling names and handing out insults on a message board is improper.
Also I am not in denial about anything. Self serving interests will always try to generate propaganda no matter what.
I think that the problem with that is to simply forget about the fact that there are a heck of a lot of humans on the planet at the moment could muddy the waters.
And of course what if there had been billions of people on the planet 1000 years ago.
I think it is pretty hard to completely dismiss what you have said as well as dismiss the effect of an ever increasing population that tends to blast through natural resources.
I also agree with you that there are always those who are self serving with their analysis and findings.
So why argue this point at all. I think that common sense tells us that a combination of events will cause changes.
Are you suggesting that if you cut down trees which store carbon and then burn them which releases carbon and burn oil which is essentially a store of carbon that there is no effect at all?
I am trying to understand why you think that humanity has had no impact on climate.
By the way I understand that there are other factors but are you eliminating humanity from the equation?
Statistically stretched levels last night to the downside. JOe retail always shorts the lows and buys the highs.
We got to sell contracts again at statistically stretched levels with a bear market trend structure.
However, all structure are subject to change......but if the market structure is a bear......it's a very bad decision to buy high levels.
Well of course......did you think that the BPM would not say that?
They give you thumbs down when you tell the facts.....
GE around 50 % loss from all time high
AT and T ......all time highs 60 ish or so.......and now 41 ish,.....that's also not going to new highs anytime soon.
They will thumb down this post I suppose because it is the truth.
I like what I saw. An opportunity to sell contracts at statistically stretched areas of a very bearish market structure.
In spite of the fact that there was the silly globex gap.........there was really no reason to buy anything that was statistically stretched.......
There are really only a couple of places left to go to on the chart. The January 4th open poc.
And the dec 31 2015 open poc and of course fill the open gap that is there.
After that let's see where things end up.