Last chance to get out of shorts now
Started by
isaac613
, Oct 31 2008 02:09 PM
3 replies to this topic
#1
isaac613
-
- Traders-Talk User
- 1,264 posts
Member
Posted 31 October 2008 - 02:09 PM
Next week we go higher and higher. Only very short term people should be shorting here. Otherwise Ride this market up. WOOHOO
#2
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 31 October 2008 - 02:20 PM
isaac,
Rather than "ride this thing up", the more difficult thing will be to buy a pullback. Let's see what we get next week. There is no volume here. Volume on SPY has declined for 4 straight days with increasing price. Is that bullish?
cheers,
john
Edited by SilentOne, 31 October 2008 - 02:23 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
qqqqtrdr
-
- Traders-Talk User
- 3,251 posts
Member
Posted 31 October 2008 - 02:47 PM
isaac,
Rather than "ride this thing up", the more difficult thing will be to buy a pullback. Let's see what we get next week. There is no volume here. Volume on SPY has declined for 4 straight days with increasing price. Is that bullish?
cheers,
john
Shrinking volume with improved AD is bullish.... Note that Small Caps ( Russell 2000 ) are up 4% today. Floating up on major indicies 1/2 - 2% everyday is bullish. If market internals worsen with decreased volume is when you need to watch out.
Barry
#4
isaac613
-
- Traders-Talk User
- 1,264 posts
Member
Posted 31 October 2008 - 03:09 PM
Thank you for all the shorts that will make the squeeze next week even sweeter. I can't wait for November and December. It will be so nice. I can't even tell you how high we will go . Its astounding.
