My view of market direction written on 3/13 has been strongly re-enforced by today's action, so restate.
written 3/13 <<My general market position 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 one its' reaching beyond maximum insanity , where shorts are broken, and the professional longs realize the game is up, let's bail NOW or, two, 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>>
3/17: Greed and printing feeding this market, keep in mind we have no knowledge that Fed is buying this market with use of the printing press, but we do know that they can do this and keep it from public.
Market's remain at maximum manipulation and rank corruption, not a damn thing as changed, especially since government bail out the criminals so that they could CONTINUE to be criminals
and re-inflate their PONZI SCHEME "economics".
In fact we are indeed a Ponzi Scheme that now reaches right smack into the center of the U.S.Government.
A Law: Corrupt Systems, eventually, always CRASH |
