U.F.O.
This May Fail.....But
Started by
U.F.O.
, Feb 25 2009 08:29 PM
9 replies to this topic
#1
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 25 February 2009 - 08:29 PM
$SPX 15-min chart, inverted head w/multiple shoulders, low retest. 1st neckline breakout higher today failed. It closes above the NL.....black box short cover programs all over the street are gonna light up like christmas trees. (1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
unosuke
-
- Traders-Talk User
- 417 posts
Member
Posted 25 February 2009 - 08:34 PM
black box short cover programs all over the street are gonna light up like christmas trees.
Some humans too. . .
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#3
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 25 February 2009 - 08:43 PM
And then they gonna turn around and sell right into it.
#4
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 25 February 2009 - 08:49 PM
You may be right ogm. Then again.....THEY just might get their arses handed to them.....this time.
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#5
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 25 February 2009 - 08:50 PM
I'm wondering if they give it to us. Hoping they do! The spook box will go off for a short at that target.
#6
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 25 February 2009 - 08:54 PM
Why wait if you guys already know the market is goin down. Globex is up right now. Have at it.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#7
dcengr
-
- Traders-Talk User
- 13,391 posts
Member
Posted 25 February 2009 - 09:21 PM
You may be right ogm. Then again.....THEY just might get their arses handed to them.....this time.
U.F.O.
You're not referring to these guys right?
Qui custodiet ipsos custodes?
#8
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 25 February 2009 - 09:30 PM
Whatever guys you like.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#9
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 25 February 2009 - 09:55 PM
Why wait if you guys already know the market is goin down. Globex is up right now. Have at it.
U.F.O.
Because you get to trade the market both ways. I fully expected a run to 813, posted it several days ago-and again last night. Posted the bottom for IC, missed it by about 5 points, went long there myself on my own bottom prediction for a nice short term ride on the long side to todays top where, as I had also predicted-volume showed the exit door at the top- exactly as I advised IC to do just last night. Why I would want to short before the target of my own call is beyond my understanding. It seems you have some hostility toward folks being short, UFO-I've made enough shorting this market the last few months to not care who gets pissed, but wonder why you think making money is wrong-isn't that why we are here?
And, as far as it "being different this time"-worst bet on Earth, everytime. Bad news is, I'll dodge the 35 point pop-or a tad more if it shows me it needs it (I doubt it), short it WHEN it turns-and torch it. As far as being pissed at "THEY"-get pissed at the knife catchers-THEY are the true fools in a down trending market. I know too much stupidity tends to get under my skin, as well.
#10
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 25 February 2009 - 10:38 PM
Whatever spooky. I'm too sleepy right now to read your entire post much less respond to it. Ciao.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
