Thread: DOW JONES 12,000

Yeah I wonder why we are on a rocket ship ride up!?!?!? I mean don't get me wrong I'm lovin it and all being as that I am fully invested into the S fund...BUT! If you look at the rise in stox and then you think in practical terms you just go HMMMM?!?!!?

Unemployment still stands @ 17% er ooops I mean 9.6% (UH-HUM) anywayz, then you look at Europe and the "PIIGS" we still have BIG problems out there in the world and this run up to me seems like the market has smoked a big one and is just care free-ing it's way up, but the high will wear off soon and back down to reality we go.... at least thats my super technical analysis. (Oh yeah, and the terrorist and the zetas and al-queida and all those bad guys are still out there trying to kill us too.)

Well, we hit 12,000 today and it did what I said.

All the stops have been cleared to 12020. Looks like we could go over again today on second wind momentum.......


I have a feeling, an afternoon sell-off will occur if big money still waits for 12,050 to get back in!

Im on the sidelines- well 97% anyways.

I just wanted to post in the DOW 12,000 thread for good effect!

Watch the run you'll miss the next three trading days - more risk being out than being in. Whenever there has been a new 52 week high on the SPX after a Fed meeting there has been more to rally.

BRRRRRRUUUUUUUUUUUUUUUUUUUCE!

BTW, watching CNBC today at home while working/trading/having fun w/ kids in snow. These guys are hilarious in pumping doubt and fear. It's like watching Paul Ryan and the Tea Bagger vampire last night post SOTU... scare out the dumb money and make 'em buy higher. Stir those emotions to the point the masses can't think straight. Don't believe the the hype. Nasdaq weekly will fulfill "the pattern".

Originally Posted by Birchtree

Watch the run you'll miss the next three trading days - more risk being out than being in. Whenever there has been a new 52 week high on the SPX after a Fed meeting there has been more to rally.

Sounds like fun!

But will start to be impressed when I see the S fund recover from the
-3.44 losses (its getting close) from the last 5 trading days. Gosh I am so happy I didnt ride that train.

Guess I will be playing it very risky sitting on my lilypad.

Big money took a pass today which has me concerned......

The bulls still have some reigns on them.

I will be glad to see some housing data actually mean something this year and I am sure that there will be some serious unemployment reversal for February! (fingers crossed!)

Tomorrow should be a doubt day setup for Friday and Next week!

Well, who just ducked out of the market?

Egypt really scares you?

I hope some of you Civil Servants got to buy in on this dip!

Have a great weekend and it looks like we'll have to wait until Wednesday of next week to start rooting for that 12,000 mark again!

Originally Posted by Frixxxx

Well, who just ducked out of the market?

Egypt really scares you?

I hope some of you Civil Servants got to buy in on this dip!

Have a great weekend and it looks like we'll have to wait until Wednesday of next week to start rooting for that 12,000 mark again!

I am hoping it stays flat or a slightly negative bias for a week or so. A little consolidation of prices and sentiment before the next run.

- Emo

Well,

Another week of wondering if we will conquer 12,000. I hope everyone is enjoying the ride.......

After 12,093, we should see some more money coming back into the market and answer Birchtree's requests (bull parade at full steam)!

Good luck this week, glad we are past last week.