This one lacks in the size department, but let's if it can hold, until she cries "Yes !"
Size matters...but can ya hold it ?
Started by
NAV
, Feb 26 2009 09:41 AM
5 replies to this topic
#1
NAV
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Posted 26 February 2009 - 09:41 AM
I was talking about the gap-up
This one lacks in the size department, but let's if it can hold, until she cries "Yes !"
This one lacks in the size department, but let's if it can hold, until she cries "Yes !"
#2
ogm
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Posted 26 February 2009 - 09:45 AM
I was talking about the gap-up
This one lacks in the size department, but let's if it can hold, until she cries "Yes !"
Oh they are crying "Yes" already. Orgazmic put/call. The market has bottomed . No doubt about it. There is no way we'll make another 12 year low. Or 13 year low. Or 14 year low.
Impossible. This is it. Banks will not be naitionalized, only diluted to death and marched around by the government. Remeber, what Bernanke said... You don't have to "nationalize" the banks, to have major equity hoildings in them and "tell them what to do". I'm not sure what the difference is, but apparently its great news. At least for the next 15 minutes.
#3
isaac613
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Posted 26 February 2009 - 10:17 AM
We have not bottomed but we need to see 850 next week on S&P and then you could have your 13 14 20 year low again. S&P probably breaks 700 after we hit 850, but first things first.
#4
NAV
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Posted 26 February 2009 - 10:30 AM
Added more SDS at SPX 776. Avg now at 771. 10 point stop at SPX cash 781.
#5
unosuke
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Posted 26 February 2009 - 10:42 AM
Added more SDS at SPX 776. Avg now at 771. 10 point stop at SPX cash 781.
It can easily reach above 781 and higher. On an hourly bar, what matters to me is if it rejects higher prices and closes under the previous hourly high, it's a failure on price; if it has lighter volume than 3pm Wed. it's a failure on volume; if it fails both we're heading lower.
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
#6
NAV
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Posted 26 February 2009 - 10:50 AM
Added more SDS at SPX 776. Avg now at 771. 10 point stop at SPX cash 781.
It can easily reach above 781 and higher. On an hourly bar, what matters to me is if it rejects higher prices and closes under the previous hourly high, it's a failure on price; if it has lighter volume than 3pm Wed. it's a failure on volume; if it fails both we're heading lower.
Much easier for me to get stopped out and reprobe when i am wrong. And wait for the next rejection...(until the trend turns up).
