SPDR S&P 500 (SPY)

[gdl]

You have been red hot for a while now. Did you play anything these last few days?

I don't understand why people must stay with an incredulous attitude when it comes to investing. The Honda Accord in the 80's actually sold above sticker price. People have choices. The last 2 years seemed to confirm that a crash was imminent while the domestic data showed a completely different picture. Now that we broke out instead of down the same arguments and disbelief is there.

People seem to dismiss or ignore anything that could explain the market behavior and stick to a failed proposition. Name me a better investment decision today? Overseas? Bonds? Commodities?

We stay in a holding pattern for almost 2 years and people can't understand why it didn't crash already. We break out definitively on every measure imaginable and people still believe it's fake and a crash is about to happen.

I allow the market to dictate MY bets, not the other way around. Well not exactly true since I do try to guess the reversal points.

Talking about reversal points anyone have some technical data or charts they want to share on expectations in near term? I still see a decent retrace since most breakouts like this retrace to at least the upper resistance area of previous move. that suggests 2100-2120. Anyone see this event happening based on technical readings?