18 replies to this topic

[OEXCHAOS]

I'm just tellin' ya... The market is down 11 right now. I'm pretty sure it can go further, but when the "powers that be" show back up, they are going to rally this market. The decline is going to be mostly over before regular trading ever gets going. I'm just trying to figure out how much risk I'm willing to take while I'm waiting for "the Boyz" to show back up.

[MikeyG]

I'm just tellin' ya...

The market is down 11 right now. I'm pretty sure it can go further, but when the "powers that be" show back up, they are going to rally this market. The decline is going to be mostly over before regular trading ever gets going.

I'm just trying to figure out how much risk I'm willing to take while I'm waiting for "the Boyz" to show back up.

I agree, especially if the ships pass safely in the Suez I think they are going to passing tonight early tomorrow...

[andiron]

an island ful of bearish possibilites open up if SPY opens tuesday below 133.. high probability w/ most bears annhilated and surge of mideast money already in stocks, down thrust could be swift and sudden.... ES 1290 where a bounce may come.perhaps on wednesday... but a swing top looks promising here

Edited by andiron, 21 February 2011 - 11:12 AM.

[DrSP]

an island ful of bearish possibilites open up if SPY opens tuesday below 133..
high probability w/ most bears annhilated and surge of mideast money already in stocks, down thrust could be swift and sudden....
ES 1290 where a bounce may come.perhaps on wednesday...
but a swing top looks promising here

I doubt the markets will rally if the spike in commodities continue.

Anyway, I have a doubt. I look at TOS where /CL says it is 94.27 and CNBC says it is 90.35 http://data.cnbc.com/quotes/CLCV1 Who is correct and what is the difference?

Edited by DrSP, 21 February 2011 - 11:17 AM.

[andiron]

i would watch dr copper..and it should sell off for a bearish situation to hold...

[MikeyG]

The sell off is all on mideast tensions and if the ships pass with no conflict the futes will rebound... I am a bear, but I gotta call 'em like I see 'em...

[Lysis]

The current quote for CLJ11 is 94.25 (as of 10:15 CST 2/21).

[MikeyG]

i would watch dr copper..and it should sell off for a bearish situation to hold...

Could not agree more...

[VolPivots]

aside from VST stuff, bigger picture....67/111 TD cycle confluence. Looking for a important low circa 3/25.....

[BWTrader]

The ABC's of trading in a euphoric market... (copywright BWTrader)

A. Always listen to that little voice inside yourself and nobody else on earth
B. because the one thing which must be avoided is the slaughterhouse walk, and shift
C. capital preservation to a weighting somewhere 90 and 100% of every decision.



BW