NQ not leading anymore!! great news.

The ratio of SP to NQ in Jan was 1124 to 1881 We are cooling off for sure..

Agreed, I got the bounce I was looking for in the euro (per previous post)... Long Faz @ 17.85, target SPX 1000 by mid April...

Agreed, I got the bounce I was looking for in the euro (per previous post)...

Long Faz @ 17.85, target SPX 1000 by mid April...

I am very happy about my short position in SP exactly around the point i expected....

I am very happy about my short position in SP exactly around the point i expected....

I don't get what you're so happy about. The majority of your short position is from lower prices 2 days or more ago. I'd be worried with a position moving against me, especially when I have no stop.

IT

I am very happy about my short position in SP exactly around the point i expected....

I don't get what you're so happy about. The majority of your short position is from lower prices 2 days or more ago. I'd be worried with a position moving against me, especially when I have no stop.

IT

For the last fifteen years I've never been worried.....It's only an average of less than ten points... I was expecting 1120s...

It's an excellent entry point. I can gurantee you stops will spoil everything now. Just when the bear party is starting. It's time, that work for me..

I don't care too much for ten or twenty points.. when 100 points is the prize!

Rember my shorts back in Jan, I bag 120 points on my nasdaq positions, yes it did turn against me several times when full short at 1887 yes it went to 1900+ but who cares!

I am very happy about my short position in SP exactly around the point i expected....

I don't get what you're so happy about. The majority of your short position is from lower prices 2 days or more ago. I'd be worried with a position moving against me, especially when I have no stop.

IT

For the last fifteen years I've never been worried.....It's only an average of less than ten points... I was expecting 1120s...

It's an excellent entry point. I can gurantee you stops will spoil everything now. Just when the bear party is starting. It's time, that work for me..

I don't care too much for ten or twenty points.. when 100 points is the prize!

Rember my shorts back in Jan, I bag 120 points on my nasdaq positions, yes it did turn against me several times when full short at 1887 yes it went to 1900+ but who cares!

If your timing is good, a stop won't spoil anything. To me it just looks like you're averaging down what started off as a losing position. And unless all of these types of trades always work out, one of these will end up taking you to the cleaners. Using no stop worked in January, and maybe it will work now. But I'm wondering what tells you that the trade you've put on is not working out. Personally I do agree that 10-20 points is not that big of a deal if you're going for 100. And I use 10-20 point stops all the time myself, for targets less than 100. But you're not using a 10-20 point stop. As I understand it, you're using no stop.

IT

I am very happy about my short position in SP exactly around the point i expected....

I don't get what you're so happy about. The majority of your short position is from lower prices 2 days or more ago. I'd be worried with a position moving against me, especially when I have no stop.

IT

For the last fifteen years I've never been worried.....It's only an average of less than ten points... I was expecting 1120s...

It's an excellent entry point. I can gurantee you stops will spoil everything now. Just when the bear party is starting. It's time, that work for me..

I don't care too much for ten or twenty points.. when 100 points is the prize!

Rember my shorts back in Jan, I bag 120 points on my nasdaq positions, yes it did turn against me several times when full short at 1887 yes it went to 1900+ but who cares!

If your timing is good, a stop won't spoil anything. To me it just looks like you're averaging down what started off as a losing position. And unless all of these types of trades always work out, one of these will end up taking you to the cleaners. Using no stop worked in January, and maybe it will work now. But I'm wondering what tells you that the trade you've put on is not working out. Personally I do agree that 10-20 points is not that big of a deal if you're going for 100. And I use 10-20 point stops all the time myself, for targets less than 100. But you're not using a 10-20 point stop. As I understand it, you're using no stop.

IT

IT, my stops are done at least 20 points off. Now what triggers immediately to CUT off my positions is when a) NQ are leading SPX, In year 2001 I never went short till NQ broke, If Asia is leading, forget it just get me off the bear camp. I won't even want to stay there.

In Jan what drew me to this conclusion simply was Singapore market and Asia was leading the US market gains. The first trading day Singapore's market stayed ratherflat and could not perform. I went short on NQ first and subsequently SP, while holding my other short options held in many individual stock all round the world. If you had look at the major stocks many had began their down spiral from OCT, while the small caps lead. Typical of a major top formation.

If Asia leads from here my shorts are WRONG and i'll call it off. The whole of asia has been in a rangebound lock between two to three percent off lows while US made a stunning rebound. If asia had made a stunning rebound like July, in no way will you find me short. I know i'll be on the losing end.

This pattern has been should repeatedly in many many top and bottoms when asia will lead US out of the bottom.

I am very happy about my short position in SP exactly around the point i expected....

I don't get what you're so happy about. The majority of your short position is from lower prices 2 days or more ago. I'd be worried with a position moving against me, especially when I have no stop.

IT

For the last fifteen years I've never been worried.....It's only an average of less than ten points... I was expecting 1120s...

It's an excellent entry point. I can gurantee you stops will spoil everything now. Just when the bear party is starting. It's time, that work for me..

I don't care too much for ten or twenty points.. when 100 points is the prize!

Rember my shorts back in Jan, I bag 120 points on my nasdaq positions, yes it did turn against me several times when full short at 1887 yes it went to 1900+ but who cares!

If your timing is good, a stop won't spoil anything. To me it just looks like you're averaging down what started off as a losing position. And unless all of these types of trades always work out, one of these will end up taking you to the cleaners. Using no stop worked in January, and maybe it will work now. But I'm wondering what tells you that the trade you've put on is not working out. Personally I do agree that 10-20 points is not that big of a deal if you're going for 100. And I use 10-20 point stops all the time myself, for targets less than 100. But you're not using a 10-20 point stop. As I understand it, you're using no stop.

IT

IT, my stops are done at least 20 points off. Now what triggers immediately to CUT off my positions is when a) NQ are leading SPX, In year 2001 I never went short till NQ broke, If Asia is leading, forget it just get me off the bear camp. I won't even want to stay there.

In Jan what drew me to this conclusion simply was Singapore market and Asia was leading the US market gains. The first trading day Singapore's market stayed ratherflat and could not perform. I went short on NQ first and subsequently SP, while holding my other short options held in many individual stock all round the world. If you had look at the major stocks many had began their down spiral from OCT, while the small caps lead. Typical of a major top formation.

If Asia leads from here my shorts are WRONG and i'll call it off. The whole of asia has been in a rangebound lock between two to three percent off lows while US made a stunning rebound. If asia had made a stunning rebound like July, in no way will you find me short. I know i'll be on the losing end.

This pattern has been should repeatedly in many many top and bottoms when asia will lead US out of the bottom.

I got to agree with IT on this one P sounds like a disaster waiting to happen but if you been doing it this long you must be doing something right for your style and I am sure you will pull the plug when you need to but you sure must use lots of antacid tablets.

btw even a little ole boring 5 points a day adds up to 1250 points by the end of the year per contract that's $62,500 (less comm. of course) or 10 per = $625,000 or say 100 $6,250,00 etc. etc. but I know it is not sexy like 40 or say 100 point positioning.

I am absolutely with Porsche on this one. This is a bear market. We are seeing the end of the first counter-trend rally in the new bear market. I cannot understand the panic people seem to feel here. If the market cannot rally inside a bear market without everyone having the heebie-jeebies, what can it do? Nothing goes in a straight line. We are in the greatest depression of all time - bar none. If the market was able to lose 89% in 1929-1932 you can be CERTAIN it will lose between 90 and 95% this time around. Short this thing with impunity AND STAY SHORT. Never mind the A/D line. None of the metrics which work in bull markets work in bear markets. Everything is turned on its head.

here is your leader...when this turns the rally will end:

#3