Flashback to 1995/1998 - it's the reason why I'm very reluctant to play the short side of the market. During these secular bulls shorting tends to be a loser's game Of course Cobra was not suggesting a major pullback, nevertheless I don't like to go against such a strong trend
Want to make a fortune?
Monday I went to a retail shop in a low rent area.
This is what i saw:
They sell ecigarettes and that is all. The guy helping me said there is a line every day from open to close and that they sell at least 100 "STARTER KITS" every day for $100. They have two locations.
100 new customers every day times two locations. OMG
They aren't even cheap. They sell for twice the price of the internet sites.
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Don't know if I posted this chart..but the last time the Euro (via FXE) got what looks like a wave "C" down the market followed at some point...the latest wave down looks impulsive so it looks like another wave down is in the cards...
What we need is a black swan event...like a Japan earthquake...that would shake the Japanese market...cause a pullback.. )
There is actually a crash like aspect this month that has a window of time, but the likeliness of it turning this market around is pretty unlikely at the moment...unless we see something unexpected happen...we'll see after the end of May (there are bullish aspects at that time)
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a little consolidation here would be good for bears. breakdown would be fake, I think.
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