Too many people calling for 1200 and too optomistic here. If we close higher today, I will have to rethink things.
I am now betting all in that today is the top
Started by
stocktrender
, Mar 12 2010 09:44 AM
22 replies to this topic
#2
snorkels4
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Posted 12 March 2010 - 09:51 AM
based on anything other than optimism
internalsexpoding=nasi naad etc
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#3
cycletimer
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Posted 12 March 2010 - 09:54 AM
Today, possible map is a high midday (slightly higher than now.... 1154-1156) and then a slow erosion into the close, especially in the final hour.... not a spectacular sell-off.... if anything, more of what we already have, flat trading.....the volatility WILL ppick up next week, especially on & after Tuesday the 16th. Still holding QQQQ puts and plan on adding.
#4
qqqqtrdr
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Posted 12 March 2010 - 10:13 AM
Tough call here about the top..... I have a lot of indicators close, but no cigar yet.... I wouldn't want to call a top to early... Given that Mondays have generally been up.
Barry
#5
porsche911sg
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Posted 12 March 2010 - 10:14 AM
I missed the top but selling to get intense next week. Still short, holding on for at least a month or two down the road.Too many people calling for 1200 and too optomistic here. If we close higher today, I will have to rethink things.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#6
porsche911sg
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Posted 12 March 2010 - 10:15 AM
Monday's action been caused by mutual funds, if we close below 1150 and below 1142, this coming monday a sell off will start.Tough call here about the top..... I have a lot of indicators close, but no cigar yet.... I wouldn't want to call a top to early... Given that Mondays have generally been up.
Barry
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#7
rkd80
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Posted 12 March 2010 - 10:19 AM
Monday's action been caused by mutual funds, if we close below 1150 and below 1142, this coming monday a sell off will start.Tough call here about the top..... I have a lot of indicators close, but no cigar yet.... I wouldn't want to call a top to early... Given that Mondays have generally been up.
Barry
Could have a Key Reversal today.
“be right and sit tight”
#8
zoropb
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Posted 12 March 2010 - 10:48 AM
P only my st stuff is on sell. This thing should go higher after this correction to say 1135-1125. I wish to be wrong for your sake but my quarterly work is a beast and it is saying up. I am only half of what I use to short when going against this thing on the 1-3 day short and like 10% on intra-day stuff. Be careful man. Unless your holding for 1 year then never mind.I missed the top but selling to get intense next week. Still short, holding on for at least a month or two down the road.Too many people calling for 1200 and too optomistic here. If we close higher today, I will have to rethink things.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#9
IYB
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Posted 12 March 2010 - 11:14 AM
What he said. Good summaryP only my st stuff is on sell. This thing should go higher after this correction to say 1135-1125. I wish to be wrong for your sake but my quarterly work is a beast and it is saying up. I am only half of what I use to short when going against this thing on the 1-3 day short and like 10% on intra-day stuff. Be careful man. Unless your holding for 1 year then never mind.I missed the top but selling to get intense next week. Still short, holding on for at least a month or two down the road.Too many people calling for 1200 and too optomistic here. If we close higher today, I will have to rethink things.
, and that's my read as well, fwiw. Hope I don't jinx your analysis by agreeing Z. 
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#10
punter
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Posted 12 March 2010 - 11:26 AM
What he said. Good summaryP only my st stuff is on sell. This thing should go higher after this correction to say 1135-1125. I wish to be wrong for your sake but my quarterly work is a beast and it is saying up. I am only half of what I use to short when going against this thing on the 1-3 day short and like 10% on intra-day stuff. Be careful man. Unless your holding for 1 year then never mind.I missed the top but selling to get intense next week. Still short, holding on for at least a month or two down the road.Too many people calling for 1200 and too optomistic here. If we close higher today, I will have to rethink things.
Same for me too. P get out now. Still have chance to short after May.
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