I am shook up I am nervous now !
After 40 points plunge, if they still call this an uptrend, then to hell with trend trading BS!
Too much for the uptrend !
Started by
Dr_Octopus
, Feb 23 2011 12:13 PM
29 replies to this topic
#1
Dr_Octopus
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Posted 23 February 2011 - 12:13 PM
Formerly "Alex The Short Seller" - Notorious Bear Raider
#2
andiron
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Posted 23 February 2011 - 12:15 PM
shhhh..you gotta trust the NYAD cum....
#3
saltlake
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Posted 23 February 2011 - 12:16 PM
I am shook up I am nervous now !
After 40 points plunge, if they still call this an uptrend, then to @#!*% with trend trading BS!
Atilla, You the new Zentrader?
#4
Dr_Octopus
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Posted 23 February 2011 - 12:29 PM
Lost 70% of my account value,
Now Trend is turning down ,
I am shorting with both fists!
ES should drop to 1180 for me to recover!
Formerly "Alex The Short Seller" - Notorious Bear Raider
#5
hpm123
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Posted 23 February 2011 - 12:34 PM
Lost 70% of my account value,
Now Trend is turning down ,
I am shorting with both fists!
ES should drop to 1180 for me to recover!
This sounds like something Neil Youngs lost brother would do
#6
Dr_Octopus
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Posted 23 February 2011 - 12:42 PM
Lost 70% of my account value,
Now Trend is turning down ,
I am shorting with both fists!
ES should drop to 1180 for me to recover!
This sounds like something Neil Youngs lost brother would do
Is Eliot and Neil related?
Is trend still up?
Formerly "Alex The Short Seller" - Notorious Bear Raider
#7
Dr_Octopus
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Posted 23 February 2011 - 12:44 PM
I am shook up I am nervous now !
After 40 points plunge, if they still call this an uptrend, then to @#!*% with trend trading BS!
Atilla, You the new Zentrader?
Who is Atilla, Who is Zentrader.
I practiced yoga, meditation and Zen before, I haven't met anyone named Zentrader and Atilla!
Formerly "Alex The Short Seller" - Notorious Bear Raider
#8
eminimee
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I don't care who's fur is flying...
Posted 23 February 2011 - 12:44 PM
Don't ya just love the Bizzaro world...in the zone now for the old 40,20,40. OEX is probably due for a retrace back to the 594 area...bounce or not...OEX will not close the month above 580ish.
It's a monthly "wick" game...at this point...I'll throw in another chart that a few saw...fwiw..re. the old NYAD "cum" and get me...
I honestly believe we'll head up to the "downtrend" line (for lack of a better description) on the oex monthly...eventually...and would have more confidence in that statement if 575 continues to hold on a monthly basis...And by the way..if anyone is wondering....the NYAD cum chart doesn't mean that price needs to fold completely if it decides to migrate south...Price can certainly make a higher high if you look at wave 2 for example.
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=14&mn=11&dy=30&i=p92406849013&a=71542656&r=6830.png
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=20&mn=11&dy=30&i=p50205864724&a=113409410&r=693.png
It's a monthly "wick" game...at this point...I'll throw in another chart that a few saw...fwiw..re. the old NYAD "cum" and get me...
I honestly believe we'll head up to the "downtrend" line (for lack of a better description) on the oex monthly...eventually...and would have more confidence in that statement if 575 continues to hold on a monthly basis...And by the way..if anyone is wondering....the NYAD cum chart doesn't mean that price needs to fold completely if it decides to migrate south...Price can certainly make a higher high if you look at wave 2 for example.
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=14&mn=11&dy=30&i=p92406849013&a=71542656&r=6830.png
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=20&mn=11&dy=30&i=p50205864724&a=113409410&r=693.png
#9
arbman
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Posted 23 February 2011 - 12:46 PM
You knew this was at least a swing top after these kind of posts came out and the bearish views were insulted...
The indices should test the 50 dma at 1280s which is at the recent gap zone. I think the gap from below is STILL sucking like a Hoover, I suppose it should bounce a bit, but then fill it. For a little longer term, given the distance to 200 dma and the upward momentum with all the funny money injected, this market will bounce a few times and make a new high with the large caps probably before a new bear commences.
E-mini, historically, the market still made a new high usually about 2 months after the cumulative breadth peaked. If we get a sharp correction in March, this is what I would expect, or the other possibility is a running correction should end with a blow off into April due to the funny money...
The indices should test the 50 dma at 1280s which is at the recent gap zone. I think the gap from below is STILL sucking like a Hoover, I suppose it should bounce a bit, but then fill it. For a little longer term, given the distance to 200 dma and the upward momentum with all the funny money injected, this market will bounce a few times and make a new high with the large caps probably before a new bear commences.
E-mini, historically, the market still made a new high usually about 2 months after the cumulative breadth peaked. If we get a sharp correction in March, this is what I would expect, or the other possibility is a running correction should end with a blow off into April due to the funny money...
Edited by arbman, 23 February 2011 - 12:48 PM.
#10
MikeyG
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Posted 23 February 2011 - 12:46 PM
Lost 70% of my account value,
Now Trend is turning down ,
I am shorting with both fists!
ES should drop to 1180 for me to recover!
Lost 70% of your account in 40 points...
You might want to check your leverage if you plan on trading bigger swings...
