Jump to content



Photo

Bears...don't get scared by this rampup


  • Please log in to reply
3 replies to this topic

#1 Macro Speculator

Macro Speculator

    Member

  • Traders-Talk User
  • 351 posts

Posted 28 June 2012 - 02:54 PM

These are the wild swings we always talk up just prior to big selloffs. They confuse people, cause weak hands to cover, and a week later we are often much lower. I think sub-1250 is coming relatively soon...short here from a great 80 point+ move.

Edited by Macro Speculator, 28 June 2012 - 02:54 PM.


#2 Macro Speculator

Macro Speculator

    Member

  • Traders-Talk User
  • 351 posts

Posted 28 June 2012 - 02:56 PM

These are the wild swings we always talk up just prior to big selloffs. They confuse people, cause weak hands to cover, and a week later
we are often much lower.


I think sub-1250 is coming relatively soon...short here from a great 80 point+ move.



This is a high-confidence short IMHO. Lots of room to the downside from here...technicals/news/fundamentals/earnings all lining up again in a bearish
manner.

This is not what major bottoms look like.

#3 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,504 posts

Posted 28 June 2012 - 04:58 PM

This is anything but a long lasting bottom, but would you rather make money? Early in the bear, there is almost zero chance for the central banks to not get heavily involved, especially in an election year... Beside, Wall Street has already invested more money on Obama than all 8 presidential candidates combined. They already have cast their vote, they won't sell this market to get him elected, it is clear to me.

#4 xtrader

xtrader

    Member

  • Traders-Talk User
  • 368 posts

Posted 28 June 2012 - 05:26 PM

These are the wild swings we always talk up just prior to big selloffs. They confuse people, cause weak hands to cover, and a week later
we are often much lower.


I think sub-1250 is coming relatively soon...short here from a great 80 point+ move.



This is a high-confidence short IMHO. Lots of room to the downside from here...technicals/news/fundamentals/earnings all lining up again in a bearish
manner.

This is not what major bottoms look like.



too early IMHO, far too early.. 1-2 weeks..