Big ratio change on the HiLo. Still positive though. Unbelievable.
Well, maybe not. Also important is the A/D. It has not been often, recently, that it is negative.
Screwy day. I made 5 trades.....very unusual for me. Made money on the short, then lost on the next 2 shorts, then evened everything up with a long, then made a killing on a long and had the sense to get out when it got extended after the bond close.
Anyway, the long side, to me anyway, is treacherous. Okay for a day-trade but possibly ugly for anything more than a few hours.
That's my take, anyway. Sure they will hit 9000 if they like but the game is more profitable South, in my opinion.
I've been thinking about 1969, I think it was. The market touched 1000 and then backed off for years. I don't think it would do anything that drastic this time but the NIKKEI or whatever they call the Japan Index shocked the daylights out of those people not so long ago.
All I am saying is that it is expectations. People expect a major upside move. But it's not always the low spark of high-heeled boys, ya know? |
