8 replies to this topic

[tommyt]

Giant candle on Bernanke discounting it all. Mc Osc blowing through 0 also:

KC

[fib_1618]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday...don't get greedy, hit and run.

Fib

[tommyt]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday...don't get greedy, hit and run.

Fib

Hopefully a traders smorgasbord coming up.

[tommyt]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday...don't get greedy, hit and run.

Fib

Hopefully a traders smorgasbord coming up.

Fib, My comment yest was one more push up into 1670-1700 and a 3-5%er...support zones are 1635 and 1600...we'll see.

SPX

[risk_management]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday
Fib

You anticipated this? Where did you mention it?

[fib_1618]

You anticipated this? Where did you mention it?

From yesterday's chat:

"2013-05-21 17:09:16 [Message] fib_1618 -> Chat: soo...
2013-05-21 17:09:21 [Message] fib_1618 -> Chat: for the first time in...
2013-05-21 17:09:39 [Message] fib_1618 -> Chat: well, since March
2013-05-21 17:09:54 [Message] fib_1618 -> Chat: we might finally see the market trip on its shoelace
2013-05-21 17:10:03 [Message] fib_1618 -> Chat: and have a day or two of correctional chop
2013-05-21 17:10:41 [Message] fib_1618 -> Chat: or as I alluded to in the breadth update over the weekend
2013-05-21 17:11:14 [Message] fib_1618 -> Chat: it would be a reasonable expectation to see multi day pause to sneak in here to generate some downside volume in the guise of profit taking
2013-05-21 17:11:28 [Message] fib_1618 -> Chat: but with liquidity levels as high as they are
2013-05-21 17:11:36 [Message] fib_1618 -> Chat: it's probably better to work with the SAR
2013-05-21 17:11:51 [Message] fib_1618 -> Chat: and let the market come to you as far as closing profitable positions for now
2013-05-21 17:12:06 [Message] fib_1618 -> Chat: the other little warning we had this past weekend
2013-05-21 17:12:11 [Message] fib_1618 -> Chat: is that the BETS moved to a +25
2013-05-21 17:12:29 [Message] fib_1618 -> Chat: which is just above a +20 and a "neutral, cash position"
2013-05-21 17:12:40 [Message] fib_1618 -> Chat: so let's remain disciplined"

**************************************
From last weekend's weekly breadth update narrative:

"Otherwise, steady as she goes for now although, historically, one would think that some sort of multi day pause might sneak in here as a reasonable expectation if nothing else."

I get a little more down and dirty in the chat room and weekly breadth updates than publicly, from day trading to longer term parameters, I cover it all for the price of admission.

Fib

[tommyt]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday
Fib

You anticipated this? Where did you mention it?

risk, his comment to me was:

"Well...this is far from a blow off as we are trending higher.

And a 3-5% correction is pretty much impossible here.

So I wouldn't wait around too long or the time decay and/or the implied volatility will certainly kill you.

Good luck."

[risk_management]

You anticipated this? Where did you mention it?

From yesterday's chat:

"2013-05-21 17:09:16 [Message] fib_1618 -> Chat: soo...
2013-05-21 17:09:21 [Message] fib_1618 -> Chat: for the first time in...
2013-05-21 17:09:39 [Message] fib_1618 -> Chat: well, since March
2013-05-21 17:09:54 [Message] fib_1618 -> Chat: we might finally see the market trip on its shoelace
2013-05-21 17:10:03 [Message] fib_1618 -> Chat: and have a day or two of correctional chop
2013-05-21 17:10:41 [Message] fib_1618 -> Chat: or as I alluded to in the breadth update over the weekend
2013-05-21 17:11:14 [Message] fib_1618 -> Chat: it would be a reasonable expectation to see multi day pause to sneak in here to generate some downside volume in the guise of profit taking
2013-05-21 17:11:28 [Message] fib_1618 -> Chat: but with liquidity levels as high as they are
2013-05-21 17:11:36 [Message] fib_1618 -> Chat: it's probably better to work with the SAR
2013-05-21 17:11:51 [Message] fib_1618 -> Chat: and let the market come to you as far as closing profitable positions for now
2013-05-21 17:12:06 [Message] fib_1618 -> Chat: the other little warning we had this past weekend
2013-05-21 17:12:11 [Message] fib_1618 -> Chat: is that the BETS moved to a +25
2013-05-21 17:12:29 [Message] fib_1618 -> Chat: which is just above a +20 and a "neutral, cash position"
2013-05-21 17:12:40 [Message] fib_1618 -> Chat: so let's remain disciplined"

**************************************
From last weekend's weekly breadth update narrative:

"Otherwise, steady as she goes for now although, historically, one would think that some sort of multi day pause might sneak in here as a reasonable expectation if nothing else."

I get a little more down and dirty in the chat room and weekly breadth updates than publicly, from day trading to longer term parameters, I cover it all for the price of admission.

Fib

Thanks. And to clarify this further, you anticipated it but did not play it since you anticipate further upside?

Edited by risk_management, 22 May 2013 - 02:48 PM.

[risk_management]

Mc Osc blowing through 0 also:

Pretty much as expected yesterday
Fib

You anticipated this? Where did you mention it?

risk, his comment to me was:

"Well...this is far from a blow off as we are trending higher.

And a 3-5% correction is pretty much impossible here.

So I wouldn't wait around too long or the time decay and/or the implied volatility will certainly kill you.

Good luck."

Thank you tommy. I was aware of that comment. BTW, nice to see you posting again.