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This market will never go down...


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#1 eminimee

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Posted 17 February 2007 - 08:18 AM

There has been a substantial amount of bashing by a few mindless bulls in the immediate past and especially this week that seem to think that anyone going short is an absolute fool. Any good trader is neither a bull nor bear but calculates risk/reward in either direction. There has been a tremendous amount of money made just since December if you remained flexible and were indeed a trader.

Just some perspective on both SPX and OEX ........those criticizing anyone attempting a short this week should really be more aware that there are different strokes for different folks.

I'd keep an eye on that 1459.65 number ....just may mean something.....I'm short with appropriate stops in place.

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=3&dy=21&i=p33530450025&a=79663062&r=4972.png



http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=3&dy=21&i=p07321786609&a=79672211&r=661.png

#2 hpm123

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Posted 17 February 2007 - 11:03 AM

much obliged Tea - you definitely a man amongst several boys running amok here.. As soon as the daughter finishes her cheerleading, I have some pom-poms I intend to offer a few select posters on this board. Appreciate your effort in sharing your work -

#3 eminimee

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Posted 17 February 2007 - 01:45 PM

Tealeaves...

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=3&dy=0&i=p41860121417&a=81489240&r=4013.png