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Plan to exit shorts on the open


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#11 CLK

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Posted 20 March 2014 - 09:29 AM

1861 is the bear line in the sand, this move was impulsive and 80% of the time the lows will be tested. Right now Egg on my face. Good numbers at 10 upset my apple cart



What was the news ?

#12 zoropb

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Posted 20 March 2014 - 09:31 AM

needless to say CRAP

Nice call Zman

My pleasure O.

it is the levels stuff.

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#13 opinionated

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Posted 20 March 2014 - 09:31 AM

Thanks relax

#14 arbman

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Posted 20 March 2014 - 09:35 AM

last fed meeting also had strong day after and then came two down

nymo is higher this time, so seller momentum could be weaker, but maybe they go for a nymo divergence when they drop it


Looks like a short is setting up here too, I am pretty sure they should load up more calls today after no follow through of yesterday's action...

http://stockcharts.com/c-sc/sc?s=$CPCE&p=D&yr=1&mn=0&dy=0&i=p02553430890&r=1395326071906&.png

#15 opinionated

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Posted 20 March 2014 - 09:38 AM

Could be arb, But above 1861 targets 64 then 67... above 67 for sure targets new highs IMHO

#16 relax

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Posted 20 March 2014 - 09:44 AM

big tell will be if nysi starts climbing again, if it does, then I think we get a situation where market tops when nysi tops (instead of market topping while nysi dropping) - similar situations may 2013 or september 2012, that would probably mean a top in april just some thoughts

#17 opinionated

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Posted 20 March 2014 - 09:46 AM

Agreed

#18 risk_management

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Posted 20 March 2014 - 09:51 AM

Breadth is pulling this market lower. Buyers need to step up here and take it higher or this market is going to collapse under it's own weight. p.s. And when I say breadth is...it's my own interpretation of how breadth and price behave. Don't want to be lectured by our resident breadth expert.

Edited by risk_management, 20 March 2014 - 09:53 AM.


#19 zoropb

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Posted 20 March 2014 - 09:53 AM

poof

I run a traders Blog with high probability targeting on ES , closed to any new members.


#20 opinionated

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Posted 20 March 2014 - 10:01 AM

RM, I know JUST what you mean... About our experts. But there are two sides to every coin. I'd be interested in learning your theory. O And Mr. Z... Poof? Where you speaking of the balance in my account? :lol: