Mooooooooo Even if Friday is a sell day.... it will be because of a fat run up next week. Why would Friday be a sell off?? What chart or indicator is saying Friday will be a down day?
I dare someone to go back and tell me when the last time the Dow, Naz or S&P was down even close to -1% on a Friday... good luck.. oh.. and I wont wait up for you... PLAIN AND SIMPLE, FRIDAY =BUYDAY flat or huge up close only
no one here has made more mistakes than I have trading emini 's..............no one here has spent as much time and hours emini's........because it gets too embarrassing and overwhelming mentally and physically.. system is clicking along doing what is said can't be done..........someone else is pulling trigger for me.....health is bad....trading/systems development has caused severe health problems.........love of this business is worth it...money is a payback for time spent........money is not the motivation...........give a man a fish and ??????? u know the rest...the more I make the more I give to others less fortunate.....u can make it but u can't keep it......even warren can't keep it......nice man, but he can't keep it......not for long....like a vapor.........
I don't see the random bullish postings on ET, in fact all this death and gloom postings tells me we're headed higher. My thinking is 10900/10860 first before 11100 and then higher. The weekly DJIA has a bull flag and is poised to move up ( or way over bought and about to deflate ? ) imo, by years end, the DJIA will challenge 2000 highs of 11700. Personally the last few days tape action has me rather confused, looks to me either the market is undergoing some fundamental shift from the prior 2 years of range action into a trending mode, or we're putting in a big top at the macro level. Either way I plan to trade much smaller next few weeks with a long bias till this move confirms itself.
mhase, I hope you are correct on the longer projection....better for the country and gw who has kept the terrorist magnet far away......a plane crashed into pentagon............after other killed 3,ooo people............in a couple of hours......are we that stupid to wish we weren't killing terrorists somewhere besides here? They are all connected..........to each other ........economy is picking up steam.......unemployment lowest in ?.........more minority home owners than in history.......companies leaner and meaner than in forever...........China made the underwear we are wearing as we converse right now? I am with you..up and away for economy...........DJIA......as long as terrorist disaster not here we are strong......let hillary get elected and we are at the mercy of the people who hates Christians..the dot.com revolution made the economy for bill and al....not even close otherwise......Marc Rich oil for food violater.......bill pardoned him last days of presidency...most wanted by this country......what will hillary do for us? GW is good for America....Republicans Democrats are bad for America.......except for the handful.....John McCain is only prez prospect who has proven he loves his country.....
I am usually a bear.... but looking at what fuels the DOW, like transports....and looking at the DOW its self on weekly & Monthly charts.... it all points higher. I also believe there will be a "surge" of buying when DOW goes over11K. YM already nibbled.... next week has extremely high odds that this will happen. We shall see.