Originally Posted by mact3333
Stay bullish guys...dont let the European disasters distract you...this mkt will grind out new highs soon enough...we will climb a wall of worry once again.
Guys, do yourselves a big favor...plot 1 and 2 year chart with SPX, then overlay the chart with the VIX...when VIX gets below 15(think int term top) you unwind your longs and start to accumulate some shorts...when VIX spikes above 25-ish you start to re-accumulate longs...when bull mkt finally peaks I believe the VIX will be near 10 level(think long term top)...if it ever reaches this level, you better run from your long positions as the bull is likely over.
The answer is likely in the charts!
do you think we're going to make a higher high or a lower high? i'm looking at the chart on the short term and it seems as if there could be more up ahead and that i might have been wrong about going below 06/04 lows for the ST.