ST: Bearish and IT: Neutral
Markets already rallied 30-40% from the bottom. I will not take fresh long position at here. It is insane to bite the long bait after 30-40% major markets have pumped up based on massive debt spending.
Without a meaningful correction, it is crazy to take long term investment at here even though we have seen market hypers after markets have pumped up 30-40%. Even though markets are still trading in the price channels, markets could quickly sell off based on some manipulated news. Even with sudden "Taking Profit" excuse. Markets are insane and very manipulative, hence, it could slash quickly when no more sideline cash is coming in.
Of course, technically, SPX 900/1000 is very doable with crazy printing machine which everyone HATES that the Gov/Bernanke/Geithner are doing it.
Of course, traders do day trade in VST.
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