Another reason to buy.

Thanks, scarry, you can feel the fear out there.

I am almost convinced this is a Bear Market..... does that really mean that it is a Bull Market??

I'm glad that you did.  I sold too early, but it certainly helped. - Dennis

You won't know what I'm talking about now, but believe me, you'll learn just as much from you're kids as they learn from you.

For the last 3 months, all I have read, is that demand for everything has been falling and yesterday out of nowhere, AA says it's demand has been increasing and will continue to increase. 

Because of this I am now thinking that Intel and most will give more than a bullish forecast.

Things look like they are turning on a dime.  Is it that nothing makes any sense and things can change that fast or have I just been "Had"? 

It's a little scary seeing that 50 dma on the SPX  only a little over 7 points from crossing below the 200.  IMO it takes something more than courage to buy into this market.

It's taken me over a year to learn that I didn't know how to trade at all when I thought I did.  If you had watched the 5 min spx on this site, the 5th wave was pretty well in yesterday afternoon.  The time to have entered was at yesterday's close (which I did) or less risky, this am at the open.  I took a profit at the 38% retracement with a profit a couple of hours ago.  No, I wasn't going to wait till 50%.  Too risky.  That's my 2 cents.  It's a learning experience.  Not all is lost however, the 30 min chart looks like a H&S setting up, you might be alright.

 I bought some shorts, I am wondering how much higher this market can go with the dollar dropping.  I just might get stopped out.

It is confusing.  I've really only been in to analysis for about a year.  I am now beginning to think that sticks and patterns are important but not important some other times.  Today on the spx daily, the 20dma crossed below the 50dma.  I think  this is more important than any dragonfly doji.   This will more than likely set up the right shoulder and we could test the Feb lows. Just my opinion.

You might wanna wait for a bounce first, but here are some:

Technicals mean nothing unless there is a reason.  Greece?  Everyone is used to this one.  Nothing but better than expected news everywhere.  Interest rates?  Amazing, nothing has changed.  Until something changes, we are going up.  If we break 1225 to 1230 we are in an actual Bull Market. 

That is if nothing changes.

Yes, you got me.  I actually shorted early in am, sold, took a profit, shorted again when it recovered about 50%.  I then took my dog for a walk, came back and whoops!  I am sitting on a small loss position and am hoping wave e plays out. 

Thanks for the chart

What a Bear Trap that was!!

Interesting chart.  I am now searching for a longer term view of this, monthly that is, going back a few years.  Would you know where I could find one?  Thanks for your time.