Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (74062)	11/14/2006 8:32:39 PM
From: $Mogul	Read Replies (1) \| Respond to of 110194

I don't read thsi guy but someone pointed this out to me today. Since it was relevent to what we are talking about and jsut re-iterates my point to you earlier. Todd Harrison of Minyanville put it best... "Why the SPY fly? Simple - 120,000 S&P e-mini futures traded when S&P 1389 was breached. We asked...how many "buy stops" were waiting on the other side of that ride. The answer, on a notional basis, was $8 billion worth." It was quite a shot that was spent in a very short amount of time, and now we'll see how traders treat the first reaction back to the breakout point. On a chart of SPY, a low-volume pullback towards the 139 area will be so classic that it will be standing out to every short-term trader, and I imagine that first retracement will bring in another round of buying interest testing the waters. Personally I feel it will fail, and maybe not right away but that is my mere opinion. Things are getting might overbought and I see many nmore negatives then I so see positives technically and fundamentally. It may take some time to come to fruition just like 1999 did. I am in the minority as many others as shown by the popular sentiment surveys are very bullsih. Analyst sentiment recently in the media are also very bullish going forward so that concerns me.