Guru Review

Welcome Guest ( Log In | Register )

 Forum Rules Reminder: Please Read
3 Pages V   1 2 3 >  
Reply to this topicStart new topic
> We Are SOOOOOO Due a Pull-Back
OEXCHAOS
post Feb 17 2012, 02:04 PM
Post #1


Mark S. Young


Group: Admin
Posts: 16432
Joined: 20-August 03
From: CVG
Member No.: 3



And just the market can't muster anything.

We'll get it sooner or later, but there is no reason to stretch or probe just yet. I'm only going to short perfect setups for now. I will go long if I ever get a good set up.

M


--------------------
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsentiment.com/trial.htm
You can now follow me on twitter
Go to the top of the page
 
+Quote Post
dasein
post Feb 17 2012, 02:49 PM
Post #2


Member


Group: Traders-Talk User
Posts: 6058
Joined: 13-October 03
Member No.: 349



anyone looking for a retest of the lows during the "February Break" - I think things will be good for grains this year - zoro, selecto?

tia,


--------------------
best,
klh
Go to the top of the page
 
+Quote Post
zoropb
post Feb 17 2012, 05:06 PM
Post #3


Member


Group: Traders-Talk User
Posts: 6319
Joined: 28-November 08
From: Here
Member No.: 7791



QUOTE (dasein @ Feb 17 2012, 02:49 PM) *
anyone looking for a retest of the lows during the "February Break" - I think things will be good for grains this year - zoro, selecto?

tia,

K the commercials are record net long wheat. If we go over 683 March we are going way up. Needs to hold 631 st.


I know what you mean Mark.


--------------------
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.
Go to the top of the page
 
+Quote Post
CLK
post Feb 17 2012, 05:12 PM
Post #4


Member


Group: Traders-Talk User
Posts: 7207
Joined: 22-January 04
Member No.: 1202



I shorted around 3:50pm, holding over the weekend. We didn't get the sell today so the setup is
decent for a half day or more of selling Tuesday. We usually get an opposite move from opex
the following trading day. Next week still looks up but I think they shake a few out early.
Go to the top of the page
 
+Quote Post
zman
post Feb 17 2012, 05:22 PM
Post #5


Member


Group: Traders-Talk User
Posts: 1215
Joined: 12-October 05
From: Oklahoma
Member No.: 4287



oil prices have to be scaring the fed...there is no way we can see much further advance,


--------------------
Education is the best defense against the media.
Go to the top of the page
 
+Quote Post
Charvo
post Feb 17 2012, 05:34 PM
Post #6


Member


Group: Traders-Talk User
Posts: 117
Joined: 29-September 03
Member No.: 157



QUOTE (zman @ Feb 18 2012, 05:22 AM) *
oil prices have to be scaring the fed...there is no way we can see much further advance,


I don't hear the media barrage concerning inflation yet. I think oil has a ways to go before it crimps the market rally. 10 year yields closed above 2. Euro is stabilizing. USD index is looking to break down right about now. We could be heading for a pullback, but there have been multiple pullbacks to the 50day SMA in the prior rallies before hitting new highs. A pullback would be welcomed by many traders who want to get long.
Go to the top of the page
 
+Quote Post
Data
post Feb 17 2012, 07:14 PM
Post #7


Member


Group: Traders-Talk User
Posts: 1869
Joined: 1-October 03
Member No.: 244



We're due to a pullback to the 21-day moving average.

The media has prepared people for gas to go to $4.50 to $5.00 by May. People will switch to regular and go to warehouse clubs to adjust without making lifestyle changes. I think that once regular goes over $4.00 soon, people will start to make those tradeoffs that affect other spending.
Go to the top of the page
 
+Quote Post
qqqqtrdr
post Feb 17 2012, 09:58 PM
Post #8


Member


Group: Traders-Talk User
Posts: 2726
Joined: 1-March 05
From: Austin, TX
Member No.: 3156



QUOTE (Data @ Feb 17 2012, 09:14 PM) *
We're due to a pullback to the 21-day moving average.

The media has prepared people for gas to go to $4.50 to $5.00 by May. People will switch to regular and go to warehouse clubs to adjust without making lifestyle changes. I think that once regular goes over $4.00 soon, people will start to make those tradeoffs that affect other spending.


I might by that expensive truck for cheap once they start selling them because they can't afford the gas..... Not that I can afford the Gas, but I don't drive that far......
Go to the top of the page
 
+Quote Post
selecto
post Feb 18 2012, 01:56 PM
Post #9


Member


Group: Traders-Talk User
Posts: 6871
Joined: 22-October 03
From: US Virgin Islands
Member No.: 391



Karen, options osc on buy; news, divergences and
overboughts are being trumped by liquidity, as in the reign of QE-II.

Read this.

This post has been edited by selecto: Feb 18 2012, 02:06 PM
Go to the top of the page
 
+Quote Post
selecto
post Feb 18 2012, 02:54 PM
Post #10


Member


Group: Traders-Talk User
Posts: 6871
Joined: 22-October 03
From: US Virgin Islands
Member No.: 391



PS: It is reported that Russia, China and Japan have been big sellers of US Treasury debt.
I have to believe that the players are getting their mits on some of the proceeds.

This post has been edited by selecto: Feb 18 2012, 02:57 PM
Go to the top of the page
 
+Quote Post



3 Pages V   1 2 3 >
Reply to this topicStart new topic

 



RSS Lo-Fi Version Time is now: 31st October 2014 - 09:24 PM
The Financial Ad Trader
The Financial Ad Trader