Dow hits 52 weeks high

[sponono]

12878.88 I will put this in my pipe and not smoke it.

[Rams]

ALSBADTRADER(ABT) must be dehydrating right now...whats your overnight short looking like ABT...yeah, i know, you will take profit at the open as usual, but right now the DOW is up and you must be really dehydrated!You should have left when you thought it was time. Hint: dont take overnight positions on the ALSI if your emotions are getting in the way of your trading!

[#3]

yes it was inevitable that my correct analysis of the short action yesterday would cause this reaction...No overnight positions just profit from the 300 point short...but.. if you have some evidence to the contrary i would like to hear it

[SimonPB]

nasdaq at some 11 year high, but still miles away from the all time high ..

[#5]

Nasdaq is tech heavy, so heavily skewed by the dot.com bubble. I would go so far as to say that this top is far more significant and sustainable, given that intrinsic value is far more realistic. Interesting enough is that the FTSE never really recovered from 1998 highs

[#6]

skapptjop...you have apple the biggest cap share in the world making up large part of Nasdaq and it has gotten huge boost from this...Tech has led the recovery but Nadaq not making new highs. The dow is led by the small cap Russel and the Dow transportation...without confirmation from them you have a very fragile new high...

[richardw]

Apple's weighting on the Nasdaq was reduced by 40% last year.

[#8]

its still the biggest cap share in the world

[#9]

Not saying we aren't due for a pullback - but I see no reason to cash in my investments right now. My stock trading strategy calls for me to start taking profits on my weaker stocks, and hang on to the winners. P.S. - for the gap closers - it aint gonna!

[#10]

your poor track record now makes trading the gap highly compelling...

[#11]

continuing to insult your target customers I see, let me know how that marketing strategy is working for you?

[sponono]

Skaap dont worry about Alsi(Bravado)trader. he answers every post but really says nothing. was watching Garth McKenzie (by the way he is a real trader, his trades are transparent he does not tell you what he has done after the move is over like Alsi(Bravado) trader) and he says he is getting a lot of emails from traders who are short strong stocks and are piling up the losses. Alsi(Bravado)trader dont answer this post until the TOPI is trading below 29,200 PLEASE. Infact dont make any posts at all.

[richardw]

Sure but its effect on raising the Nasdaq is reduced, which is what you guys were talking about. Apple has to double its valuation to have the same effect as before last year's change. If it looks like it's singlehandedly going to push the market to the dot-com highs they'll likely reduce the factor again.

[#14]

yes point absolutely taken...but if we want to play economist economist for a bit then one needs to ask ...compare the tech industry now to then,,,surely the value add is enoremously greater than then?...just a thought not anything which should influence trading decisions..

[richardw]

To be honest, there was very little value in the tech bubble. It was techies and MBA's gaming the market totally, so all those values (at, like 100 PE) meant nothing, and therefore the Nasdaq high meant nothing. I'd say what is out there now has a closer relationship to actual 'value', so it'll take longer to hit those highs.

[SimonPB]

ya dotcom was all bubble, smoke and mirrors .. DDT hit R70 and over a decade later delisted at 1306c ..

[richardw]

And DD was a *business*. Checkout this junk:
http://www.cnet.com/1990-11136_1-6278387-1.html

[#18]

so we are all agreed then ...great.

[#19]

skapie..if you have to know its working just fine...the chat room is way way oversubscribed...it not a jerk off club where we all have to agree ...we encourage disgreement and different views... ....maybe you should stick to your knitting (if you will excuse the metaphor)...which it seems is making cutesy metaphors...what was the one you came up wth the other day?...oh yes omething about enough egg on your face to make a souffle?...the gap is now effectively closed... enjoy your souffle!

[#20]

oh that would be fantastic!...please listen to this man he talks sense. Hows that pipe you smoking? I would check whats in there if i were you. I am in regular contact with Garth...you misquote him...he was talking about pairs trades ...nothing to do with the index..absolutely nothing...in fact he has a strike put option for the alsi of below 29500...at least get the simple facts right man!