folks i am no advisor but i run money... i couldnt help when i seen what i saw today here...
the market topped out yesterday on two artificial manipulation, you know what they are......
ES 1435 was the top yesterday, that was where the big breakdown occurred a few days ago... it is going significantly lower, that is that simple
yes we can go a few points higher here and there but the trend is down. please dont be a sucker... swim with the whales
ps: i will let you know when i cover...
whales migrating
Started by
A-ha
, Jan 11 2008 12:00 PM
6 replies to this topic
#1
Posted 11 January 2008 - 12:00 PM
#2
Posted 11 January 2008 - 12:09 PM
I'm going to join you on the darkside soon.. but I need one more squeeze.
A ton of people loaded up leveraged short in the polls last night. Wave 2 UP of wave 5 down... need 1 more squeeze, to ES 1430 would be a gift to me.
Qui custodiet ipsos custodes?
#3
Posted 11 January 2008 - 12:13 PM
it will fall so fast so hard that most will almost always see less risk on the long side... be careful with that because this is different game
#4
Posted 11 January 2008 - 12:37 PM
Thanks Aha...I see it differently..the unwind is underway in beta/growth...naz,the dow, and stuff like solar should bottom last...roll underway, the financials, homes, retail, and transports are starting to firm up and should bottom first. I am looking at dow 12,000-12,300 as an early target. Buena suarte!
#5
Posted 11 January 2008 - 12:39 PM
it will fall so fast so hard that most will almost always see less risk on the long side... be careful with that because this is different game
Right on...Whales are migrating South...and you can see them at Point Reyes Station Lighthouse. Marin County on the left coast.
#6
Posted 11 January 2008 - 12:42 PM
Watch the energy sector. I think next week the [bleeeep] hits the fan there. And since its the heaviest weighted S&P sector now, it will be a huge drag.
Nice setup on DUG. I'm loaded.
Nice setup on DUG. I'm loaded.
Edited by ogm, 11 January 2008 - 12:43 PM.
#7
Posted 11 January 2008 - 12:47 PM
i want a pop to sell but if we close below 1405 on a 30 min basis I'll chase whatever entry I can get










