they just went all in...now what? prosperity? growth? nothing can go wrong? do you think the stock market knew it was coming? thats why we rallied 26 straight days?
what could possible go wrong? the bond market ain't buying it
sideways is the new pullback!!!
gotta close above 2070 for the window to close....blow off top??!!!
here's the pullback...classic wave 4..upsets both bulls and bears...probably slop and chop till first week of december then santa clause shows up...i wouldn't doubt if 2100 gets tagged by xmas...gotta paint those books for those juicy bonuses for portfolio managers..its fun playing with other peoples money
its not the top...well, its the top of wave 3..then a 4th wave pullback..then another rally..gotta fake out the bears and bait them into coming out of the cave
SLB best in class...however, if u are a gamber, ERX is the 3x bull energy sector...I doubt 60 gets tagged but u never know...thats a good place for a stop loss
technicals not making new highs as price does...uh oh
when this bubble pops, it'll be one for the history books..nenner says the fireworks won't start till 2018 and the real bottom hits in 2020...stupid can last a long time...i gotta believe we get a real 20% correction before then...don't we???!!!
i'll be buying energy stocks after tax loss selling season is over for a nice 2015 short squeeze rally...stocks are pricing in $70 oil now...my gut tells me someone wants a 6 handle on oil before the buy/cover programs kick in...should be a doozy squeeze
as for this pullback, its just for traders....to set up the santa clause rally..goldman wants 2050 for year end...they'll get 2100 probably me thinks
pullback to 1900, cover, then watch the santa claus rally rip a new one to all the bearskies
good luck..and aapljack is NOT a good poster..he is an insulting p.o.s. going back years on this board buzz...he's in the same camp as delta....you lost a few brownie points on that one
i agree..i'm not a wave guy but we need this information because ALOT of people follow it. ergo, self fullfilling prophecies etc.
I went long spx at 700 and sold at 1000....I thought we were gonna retest 700...i was a tad wrong on that one...DOH!!!!
better be a small list..2050 to 2070 is the guru's price target..and thats just the top of wave 3 !!! then we get a 4th wave pullback and a new leg to the 5th wave high....next year...trade accordingly bearskies
way ahead of ya buzz...picked up some gold miner today...nenner says he's buying gold..cycle low now..my guru has been waiting for the flush to buy...yesterday and today was a good flush imho
stops at todays lows
just saying..problem is, 2 months to go, PM's will chase for performance...after today, NO ONE is gonna be short spx and long gold....
contrarions take note...If you got balls of steel, short spx and go long gold today but you better have a long time frame before it pays off
told ya...goldman 2050 yr end and 2150 yr end 2015...read 'em and weap bearskies