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Actual Position Poll Says, "No Top!"


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#1 OEXCHAOS

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    Mark S. Young

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Posted 02 October 2017 - 01:40 PM

Virtually zero chance, it said. And we're up. Again.

 

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#2 tommyt

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Posted 02 October 2017 - 03:05 PM

Confucius say " don't short a market making new highs". There will be time later, all this picking the high and top tick in a big bull run is crazy.



#3 OEXCHAOS

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Posted 02 October 2017 - 05:40 PM

Truth. But it also gives you confidence to go after longs on pullbacks when you know that there's almost zero chance of a top.


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#4 pdx5

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Posted 02 October 2017 - 09:45 PM

Since stock trading is basically a gamble, I do not like the odds for putting new money in market at these levels.

The market is assuming tax cuts will pass, and the time to short would be when tax cuts actually pass. Sell on

good news, buy on bad news may be still alive and well. 


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#5 tommyt

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Posted 03 October 2017 - 08:48 AM

"and the time to short would be when tax cuts actually pass"

 

pdx5, I agree...its waiting for it, and we will probably get a big down day or three after the tax cut is announced