and any technical indicators showiing where the market is marching?
MACD is still in a bullish trend;
RSI appears a bit higher than neutral.
however, BB is narrowing which tells widening is gonna happen sooner or later, we just don't know which direction yet while the middle line is saying up.
very short term, it will drive vix up, but that's as much as it can do.
having a war is good news for stock market.
the more problems in the world, the better usa.
1)now, I think the market is going sideways with ultimately bullish trend, i.e. would be higher until we have recession, which was said by the guy on MW.
10% correction is mission impossible in near future.
2)hold my short position and get out of it whenever having a chance.
3)play long or short on individual stocks and forget about the market trend.
The ultimate goal is SPX 2000?
黄金奇异果 发表于 2014-5-4 15:02
the guy on MW said spx is going to 2300 before going down, I think it is possible.
if we were not to hit recession, I think even 3000 is nothing.
this mad cow is just unstoppable.
I wish I would be wrong as I have short position, hehe.
I think it is better to re-enter the market than be a bystander.
it is premature to crash the market.1800 has to be broken first which is a long way to go.
we have quite a lot time before 1800, i.e. we have our chance to exit on the way down to 1800 if that were to happen.