My general market poistion is, if not doing quick day trading, don't short this market.
i still see the replay of late 1999 into 2000, the reversal did NOT come until the shorts were annihilated.
On a percentage basis, i think it a 85% likely to happen chance the "boys" will short squeeze ruthlessly and blow this higher--my tentative SPX high remains in 1230 area.
Only two things that i see that will stop this market bull run is it reaching beyond maximum insanity , where shorts are broken, and the professional longs realize the game is up, let's bail NOW or, as an alternative, an exogenous event, something the SHOCKS the market, a quake reading above 8.0---then you would have the ultimate, a Black Swan, and we get a Niagra Falls, bigtime.
Max |
