and I mean anything....
So if you are not the kind of "close-your-eyes-and-press the buy button at every dip" trader you'd better stay away of this market. It is not that is being manipulated , as that always happened, it is something else, and it is ominous. I am not sure what it is but for sure this is not a technicals driven market, it has been a political driven market for many months (Time's man of the year was the king of pumping, not a business guru, so the economy hero was not a real wealth creator but just a Market Maker at best). Expect political events to be the turning points. Why do they need to pump this thing even without participation (no volume)? May be they need market (and consequently public opinion) support to the Obama Care stuff. If that is the case, we should wait till it's done to re evaluate markets.
-"Why dont you just shut up and follow the trend , which is up???".
Cause I don't break my trading rules which won't allow me to buy such a bad market (from a technical POV). I guess many other investors and traders are avoiding buying these prices too if the amazing lack of volume (especially on a break out) is of any guide. As a sum up, I don't want to be part of it, so I' ll be sidelined until this government requires less help from higher stock markets prices to survive or till is dead.
Just one more thing: nothing, absolutely nothing is for free in Economy nor is it at the markets so you can be 100% sure that all these excesses are going to be paid as 2003-2006 excesses were, I don't know exactly when but I know for sure who is going to pay them..... do you need an explanation for that....? Dig up a little in recent history....
Ps. Bulls may be really comfortable in this market, and it is the way to go short serm wise but don't forget 12-31-2009 session's last 30 mins steep selloff, that is part of the market too and is absolutely possible anytime.
