Sorry, but this rally has chafed me. No, I am not short and losing $$. I am not long and making $$. It is the simple fact that it is happening and why. Not gonna bitch about it tonight. I'm in to foul a mood right now.
Here is the Emini chart. My trendlines have been kickin it for weeks now. They are dead nuts on.
All I have to say is the yellow wedge looks complete. What do you think? Guess what - it most likely is not. LOL, that's funny (not). The daily indicators say you need to have your head checked if you are short. They were rolling over this am and whipped right up into a frenzy. Simply amazing. 20% unemployment, wage devaluation, no credit at all, the dollar is getting pummelled and the market just keeps on trucking. I mean they are ripping us off right in front of our faces and we are to stupid to give a shit. Mind boggling stuff. All is fair in love war and business.
Buy the dips and sell the rips is the only way now. Screw logic and any other theories of "it must fall". This market has proven it "must" not do anything but go up.
C ya in the AM.
No open positions - I WILL at the end of the great fall put ALL my money in GS and walk away. Safest place on earth for your $$ right there.