akiva

Could this greek bailout be a top just like the last one?

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Tekmnd

Nice chart. The Dow is really close to $13K as well which is a strong physchological resistance point. Interesting times. One has to think things are ready to make a big step up or a big step down.

Europe melting down, Greece, Italy- could be a big step down.

Election Year, Fed pretty quiet lately. Maybe they stop in and do something big?- Maybe a big step up.

Cheers
Tek

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Simit Patel

i think it's tough to connect another bailout with a market top in the dow. we have had quite a run so the case for a correction in US equities is strong, but i think ongoing expansion of the US money supply and no yield bonds make a solid case for money to continue going into US equities. so i'm bullish on US stocks.

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forexer

The /ES has reached a zone where i would short and walk away. Historically, my 'short and walk away' calls have been right, almost all the time. As a caveat, shorting in free liquidity isn't favorable. The market's hubris is something to take note of. Specifically, 1371 is the line in the sand for the /ES.

US equities WILL fall. Just WHEN and how much. This is a test of patience, we've been through this early last year.

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akiva

Im not sure I understand your logic.

It sounds more like your giving a reason why equities are high, but no reason to prove they will continue to go higher.

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akiva

Thats what I've done; open a short position with low leverage and just hold it.

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forexer

And yet again, the bears are too cowardly to short... maybe tomorrow.

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HoboTrader

I was shorting but I closed position to take some risk off...Big mistake. I shorted during the gap up on Sunday.

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forexer

The FTSE and other European indices are getting bid into very potent supply. Momo has been waning, and so has volume.

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