9 replies to this topic

[andr99]

Today someone laughs at the bulls that claimed we were due to rise to the sky for the next several months, but he forgets those that are half broken claiming a top each single day of the past three months. This forum is not so bad for the novice because he can read both the reasons the bulls bring here as well as those of the bears. As for me, I' m still waiting for the end of May or early June to take my short position as I' ve said much before. If this is the top I will need to enter as soon as possible if it isn' t (or it's a double top in the making) I still have time till early June. For my charts yesterday we were in the red hot zone because we were at a spit's distance from my target (the upper band of my personal channel) and you know they like to anticipate reversals or delay them by a fake break up. This time they might have anticipated a bit. That's why I' m in red alert mode. Best of luck to everyone, the novice included.

Edited by andr99, 23 May 2013 - 03:12 AM.

[andr99]

I would add in any case that looking at Europe, this morning, this looks like IT. Waiting to take full short position on a bounce next week I think. Time should have come............finally, after all that waiting

Edited by andr99, 23 May 2013 - 03:28 AM.

[andr99]

In waiting mode and nervous..............will post my IT (for a couple of months time target) short entry when I click. Hope it's early June because I would feel much more confident in it

[alexnewbee]

no. first need to distribute stocks.

[andr99]

change of strategy...............instead of taking full short position as I always do, took just 25% (short).............stocks in Europe. You can' t wait for Godot and you can't enter 100% at actual point

Edited by andr99, 23 May 2013 - 05:09 AM.

[fib_1618]

change of strategy...............instead of taking full short position as I always do, took just 25% (short)

So much for discipline and following your plan.

Fib

[andr99]

change of strategy...............instead of taking full short position as I always do, took just 25% (short)

So much for discipline and following your plan.

Fib

grazie.........thanks

[andr99]

raised short position to 33% (1/3 of full position) and now let's wait and see................still not convinced this move will get seriously down before the end of May- early June..................my date is 3rd of June...........I think we should be more or less choppy till then

[PrintFaster]

Wow, look at the dip buyers step in here, especially on homebuilders and banks. It will take months for this topping process to play out. Odds are pretty high that we go up again and have one of those "Like It Never Even Happened" moments. LOL.... What a casino.

[dougie]

to mc moola flowed into bearish ETFs yesterday everyone still nervous