Market's tired, people are bored, no posts.....

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that.... GS.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

Edited by zoropb, 13 April 2010 - 08:30 AM.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

I am short on nasdaq, short euro again 1.3611

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

I am short on nasdaq, short euro again 1.3611

P ...no offense but you been short equities for several weeks. The Euro trade should be a good one in the weeks to come.

I wonder what BS the media will come up with for Euro and equities. I do enjoy that. Specially the double user ones like someone pointed out where ...it was because of Greece we went down and in same day or next it is because Greece we went up. My Fav was when the Greek Prez said it was short sellers that caused their problems. Now that was priceless. You could not even put this stuff in fiction and believe it. This stuff is most entertaining.

Edited by zoropb, 13 April 2010 - 08:51 AM.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

Z, the way oil s behaving right now, it should bounce off 83.10 ....... not sure how high it would go, like you said if it goes past 86.5 or so, it may clock a new high.....

GS.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

This feels very much like Dec. Short sellers gets pinched almost every day and gets heavily rewarded in a while. Dec was very silmilar. About +2 pts on the s&p every day with little volatality. I dun think think just a minor correction is coming. I am extremely bearish now. Just as much as how the market is so hyped up.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

Z, the way oil s behaving right now, it should bounce off 83.10 ....... not sure how high it would go, like you said if it goes past 86.5 or so, it may clock a new high.....

GS.

first I am short IT oil but trying to be without bias... Odds suck for long oil unless it is a real fast intra-day trade. These things break hard and fast sometimes but high 82's is probably cool for a quickie.

With that said, I can see a corrective move in all the indices underway, which I expect to complete after a down open, then we should run again to the upside, the so called fibo of fibos around 122X. Watch out after that....

GS.

wow I am the only one saying top and besides me and Red were the only ones to post a short trade since Friday. Just about every post is sure we go to 1200+ in this rally without a very large correction besides me.

I still think dollar makes its dip into 79 before the rally to a very likely 86+

If oil goes over 86.45 we are headed higher than 87s and likely to 89 doubt it. I think we are more likely to see as I mentioned last week 70 or less before new highs into the 89-103 range.

I am short on nasdaq, short euro again 1.3611

P ...no offense but you been short equities for several weeks. The Euro trade should be a good one in the weeks to come.

"I wonder what BS the media will come up with for Euro and equities. I do enjoy that. Specially the double user ones like someone pointed out where ...it was because of Greece we went down and in same day or next it is because Greece we went up." I'll own up to the Greece doublespeak.
It's comical to listen to the cheerleaders on CNBC....Maria, et al. "there's so much cash on the sidelines, what's it gonna take to bring them in."......She ought to take a gander at that chart someone posted here of the RYDEX Mutual Fund Cash Ratio....lowest in years. The bulls are all bought in, especially in the Treasury and Junk Bond Markets.

I wonder what BS the media will come up with for Euro and equities. I do enjoy that. Specially the double user ones like someone pointed out where ...it was because of Greece we went down and in same day or next it is because Greece we went up. My Fav was when the Greek Prez said it was short sellers that caused their problems. Now that was priceless. You could not even put this stuff in fiction and believe it. This stuff is most entertaining.

wow I am the only one saying top

You must have missed several posts below.

One guy even rang the bell for the top!
Ring the Bell here 4 the TOP

Another guy opined: Tickersense: 17.65% bearish, VIX blowout At the magic 1200 SPX, take some chips off IYB?

This was posted at Laundry's weekend update. (April 11th LINK)
It looks like shorts have left town.
Which can reduce the fuel needed for rallies in the short term and may explain a bit of the recent strength.
The first red spike is in late March '09, interestingly Tickersense shows a similar drop in bearishness at that time, as it does for this week.
There was a 50~ point price drop in late March '09, perhaps following this short covering, I'm not sure.
But as we know, 400 SPX points later, it was not an IT top.

This post has been edited by Rogerdodger: Yesterday, 09:24 AM
Attached image(s)

I don't think we will get a 50 point drop as we did in March because the VIX is so low.
But I'm still betting on higher prices after a needed "rest", although not another 400 points.

Edited by Rogerdodger, 13 April 2010 - 09:18 AM.

"...since the great masses of the people in the very bottom of their hearts tend to be corrupted rather than consciously and purposely evil, and that, therefore, in view of the primitive simplicity of their minds they more easily fall a victim to a big lie than to a little one, since they themselves lie in little things, but would be ashamed of lies that were too big. Such a falsehood will never enter their heads and they will not be able to believe in the possibility of such monstrous effrontery and infamous misrepresentation in others; yes, even when enlightened on the subject, they will long doubt and waver, and continue to accept at least one of these causes as true. Therefore, something of even the most insolent lie will always remain and stick – a fact which all the great lie-virtuosi and lying-clubs in this world know only too well and also make the most treacherous use of." so i guess portugal is next, i guess "they" have plenty of lies in store to keep the game going