Rktect1 Account Talk

So far this year i am not seeing the drop i thought i might. Looks more like consolidation. The optimist in me says we are getting ready for another push up. But then there are all those experts predicting a 5-10% drop somewhere between jan14 thru february.

Anybody else here seeing the same or something different? Besides birtchtree.
 
I agree it's consolidation. I expect it to continue for a week or so as people reallocate their portfolios. Where it goes after that is anybody's guess. If I had my "Time Traveling For Dummies" book I could tell you. :D
 
So far this year i am not seeing the drop i thought i might. Looks more like consolidation. The optimist in me says we are getting ready for another push up. But then there are all those experts predicting a 5-10% drop somewhere between jan14 thru february.

Anybody else here seeing the same or something different? Besides birtchtree.

We have news pundants talking about Tuesday and how it snapped the pullback with a rally, looks like they are wearing bull goggles. I see 2 inside days on the smallcaps TNA, and the Transports don't look like they've recovered well, we aren't out of the woods yet. Regardless if we are right or wrong on the direction, a rational trader does not buy at the top becuase most of the time it's the wrong decision (with the exception for the entire year of 2013.) :D

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Oh man. Today we find out. Pushing up or dropping 5-10%.

I obviously am in the pushing up camp.


S fund is currently up .23%. Not sure what is going to move us higher. Earnings maybe? I don't see any other catalyst since the jobs number was blown.
 
Honestly, nothing seems right. I'm trying to figure out how the markets climbed higher today. Target was burned. Sears was burned. Apple dropped. Jobs number off by over 100,000. Chemical spill in West Virginia. Unemployment benefits bill stalls in senate. The list goes on and on for bad news. And yet the market goes up.

I cant ant wait for good news.
 
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