Killer, shotsii...
Good calls and the voices of sanity! What's next here? dancing and drinking around a golden calf (I mean dog? LOL)...I just get back and flip through some posts and all I see is people going "look at me..I called this and that"... Who cares, I say. Humble is still a pretty good word.. LOL When people start tooting their own horn...just gets a little uncomfortable...I can appreciate relmor cause he doesn't say look at me..he just gives his opinion....and 888's, perfect reality checks my man. As usual you're a voice of reason with Killer and a few others...
Anyone who knows the SIRI story knows the SP is still currently in correction mode. IMHO, until it's done, your charts are here nor there. What? The SP is going up? I think we know that don't we? Unless you're swing trading this pig religiously for smaller profits, predicting it will generally trend up (until it finds it's new true range supported by a new equalibrium of buying and selling) is the same as predicting the sun will rise tomorrow...good call!! Will it pull back from time to time..yep. But until it gets back to where the market will now support it...no macro calls necessary (at least for me). Don't forget, as the SP keeps holding this .30's level, it's attracting more and more interest from bigger money. Who will continue to act. Look at the MSM giving up on the negativity. This steamer is taking its perfect time turning around. Let it breathe a little rather than smothering it...just an idea...
Otherwise..nice day. We closed above .3748 (our previous S-t high at a close) off this first pullback. And we exceeded our previous intraday high of .3948. These are both bullish (making higher highs) and should signal us higher...remember too the MT .50 buzz still lingers in the air like the sweet smell of ganj at a stoner party...Couple that with the recent NASD rally, which still has more to go, and it is not hard to envision the new SIRI range to become .47 - .60 very soon. peace to all....
Oh...benchwarmer...thanks for sharing your story. Sorry to read about the past but the future is brighter. Personally, if I had anything to do with you coping a little better..that's the reward for me.. Many of us are just like you regaining the hill of losses. It is getting brighter by the day.