XJO 0.16% 8,071.2 s&p/asx 200

fireworks friday, page-82

  1. 2,473 Posts.
    cw

    the end is certainly near, but not a short term trade away. this bull market still has a way to go on the upside and as observed last night the movements are accelerating.

    2-3 months of this sort of action left yet. dow will make it over 14,000 easy, possibly within the next couple of weeks.

    you'll make some money with well timed shorts but i think you'll make much much more holding on to a long for a couple weeks. i closed out my longs too early last night thinking there would be a shallow retracement - it never came, bought back in higher and still making money.

    i'm a doomsdayer like the rest, but the market this week has spoken very loud and very clear, its not ready to fall yet. remember the other night, fell 150 pts and everyone was saying thats it ... 2 sessions later we are now 350 pts up from that. how much clearer do you want it??? we're going higher before the fall guys.
 
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