Yes, the market wants to go higher. No, the fundamentals do not support this. Whenever someone says the market is going higher because "people want this market to go higher", it is time to build short positions.
"You have to follow the trend." What a bunch of crap - and a great way to lose $.
Every minute I am wrong, will pay off twice or thrice when I am right. Fundamentals MATTER.
FXP, SDS, SKF, EEV.
Enough said.*
*Trade at your own risk
That said, right shoulder of the 15+ yr "head and shoudlers top" is still forming - DOW could go to 11,700 before a MASSIVE DROP. This will give me time to build short positions, perhaps as long as 9mos. More time to buy short... more profit for me.
http://stockcharts.com/charts/historical/djia1960.html
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