As overbought as we may be, as silly as it may sound, there was nothing negative said by the FED that will change the markets near-term trend.
The Bears lost a major battle yesterday as the indices broke out. Markets spent 6 months going sideways and now they will rally into quarter’s end.
It doesn’t matter what you think or know. The move that tests the yearly highs is underway and will not be stopping for now. The most you can expect will be a pause.
There is nobody left to sell given the current environment. Sorry for the win…Now buy some little tech names for a pop!
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Bleier is Killing It !!!!!!!!!!!!!!!!!!!!!!
don’t Jinx me, darnit!
You dare go opposite of Fly?
I’ve said it before and I’ll say it again, only louder and just for you:
WE ARE ALL GENTLEMEN HERE.
No GENTLEWOMEN here?
Well Trading Nymph was Peanut Princess one month. Does that count?
“Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.”
John Wooden
You bet your ass, bullishbear…and I said I was sorry!
In spite of this lecturing post from bullishbear, I hope you are enjoying it Scott. Your damn good.
Let me refer you to some comments made earlier in the month. It should say it all…
http://ibankcoin.com/scott_bleier/2010/09/13/one-handed-clap/
Been enjoying your posts for awhile now. Wish i’ld taken a few decisions in regard to the market earlier but at least I did in great part to you and your sound arguments. I still have to fully grasp and recognize what are the signs that differentiate an accumulation mode period from one of distribution.
Keep up the good work. Ibc is in company of good men.
Scott, Should we buy the dip? Will we be at 1130 or 1140 at closing?
Pick your spots….