17 replies to this topic

[mss]

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=5&i=p40500936453&a=197126638&r=388.png

[blackprince]

A top? You are kidding right. Watch the sky.

[arbman]

I don't know about the top, but I will accumulate short positions for any high on Wed-Thu. We made record highs so the lows tomorrow will be bough back up one more time. So, officially I will be back to the bear side for a swing short into May.

[IndexTrader]

Based on the chart you presented it looks to me like "a top". The question, as always, is whether it is "the top". IT

[IndexTrader]

I don't know about the top, but I will accumulate short positions for any high on Wed-Thu.

We made record highs so the lows tomorrow will be bough back up one more time.

So, officially I will be back to the bear side for a swing short into May.

I'm confused. Are you buying for the lows which are going to be bought back up??? Or you're expecting another high which you will short when it occurs, but you won't be buying for the trip back up???

IT

[SemiBizz]

All goes back to 9/18/08....

[golden]

I'm confused. Are you buying for the lows which are going to be bought back up??? Or you're expecting another high which you will short when it occurs, but you won't be buying for the trip back up???

IT

I'm glad you asked the question.

Arbs "position" is not always easy to decipher.

[tommyt]

yes, and if not...no.

[arbman]

I have been flat since the first time the index broke above 1200 when I posted FLAT.

I scalped here and there up and down since then, nothing big. Now I am looking to sell short in the next 3 days for the first time with a big position, but not tomorrow. Why not tomorrow? Because we made an high with expanding new highs, these are tested and usually exceeded. Basically, I told that I wanted to sell short a new high with energy leadership only, this high qualifies, BUT the new highs also expanded, so I have to wait yet for another high, it will happen this week on Wed-Thu in my measures. So, I have been extremely patient in picking the top despite the 2% down day on the expiration Friday as I knew there would be new highs coming. I did buy last Monday's lows a bit, but none of these are worth mentioning, they were all small trades. I hope this clarifies any confusion about my market take.

BTW, I used to post the trades, but this has recently changed now. I cannot tell my trades in detail most of the time, beside legal reasons, my market positions change constantly and it is just very unproductive trying to document them to the masses with the reasons. OTOH, as a publicly registered adviser, I will only post here a trade that I will not take but I believe it will make money though. I usually cannot disclose the exact trades anymore, just legal reasons, whenever I post a market recommendation, I have to also disclose my position now, this is also another pain. This is why I prefer to keep my position related information very vague now...

[SemiBizz]

Appreciate your input Arb... I'm not interested in your trades.... I'm interested in your logic. Works for me. Thanks...