Dont get caught

Be Careful very Careful today tape.

Are you thinking this is a temporary post-holiday rally?

Way too high for my blood! Market needs a pullback!



Edited 1 time(s). Last edit at 05/28/2013 09:45AM by Darcy2.

Seems like we have been in rally mode for a long time. The pullback could be a significant one...but the question is, when!?


Darcy2 Wrote:
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> Way too high for my blood! Market needs a
> pullback!

IMO, if there is a pull back it wont be significant. More profit taking than bearish. THis market is artificially stimulated by the FED. THat wont change anytme soon so the rally wont end soon. IF you analyze the DOW on the monthly you will see the TBBB expanding and no indication of down.

The fall will come when the Fed pulls the chain.

Okay call me strange but when the market opens as high as it did I look at stocks that are falling.

LNKD and NFLX were great PUT trades today.

Did I trade them?

No I am so far under the weather my sick is sick!



Edited 1 time(s). Last edit at 05/28/2013 03:11PM by Darcy2.

BCT I agree with your reasoning on the Dow monthly chart as any pullback would in my opinion be profit taking and then the current trend should continue.

Darcy, I hope you feel better and those would have been great put plays as they were falling like that with such a strong up move on the broader market.