If you didn't do it earlier this week, it is OK. The market is lower, but now it is a no brainer. The triangle is broken to the downside. Breadth indicators are confirning the downside. Sentiment is increadably bearish = very few bulls left, so bears can do whatever they want.
The only question is whether I will make just under 100 S&P points if it is a retest of January lows OR 150 -- 200 points if it is going to 1200 or lower. We will find out early next week.
Denleo
Keep shorting
Started by
denleo
, Feb 22 2008 02:08 PM
27 replies to this topic
#2
hiker
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Posted 22 February 2008 - 02:12 PM
"never trust a bull or bear"
#3
dcengr
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Posted 22 February 2008 - 02:13 PM
This thing's about to collapse very soon.. there's no bids for the past hour.
Qui custodiet ipsos custodes?
#4
bob4
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Posted 22 February 2008 - 02:16 PM
I can't short any more...I'm maxed out.
Easy money.
#5
hiker
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Posted 22 February 2008 - 02:21 PM
there is no actual data contained in any of this thread to validate interpretations given...simple and blatant trading bias pimping.
"never trust a bull or bear"
Edited by hiker, 22 February 2008 - 02:22 PM.
#6
Jnavin
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Posted 22 February 2008 - 02:22 PM
Hiker: denleo correctly cited the breakdown of the SPX triangle, which is relevant.
#7
ogm
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Posted 22 February 2008 - 02:25 PM
bob is maxed out and so is everyone else. CNBC just had a segment on what individual investors are doing. Of course every dumb @ss out there is sending emails that they are short and proud of it.
A word of the wise... shorting into panic is not a sound strategy. Sure you can miss out on a few bucks. But the big money will not be made on the short side from here.
There is real panic out there. Huge panic on tiny volume. Don't missunderstand it.
Look at LIBOR that came down from almost 6% to 3 % in the past few weeks. Times are changing.
Edited by ogm, 22 February 2008 - 02:28 PM.
#8
TheArchitect
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Posted 22 February 2008 - 02:25 PM
The triangle is broken to the downside.
I haven't seen QQQ's break downside yet... somethings holding her together...
#9
IndexTrader
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Posted 22 February 2008 - 02:26 PM
there is no actual data contained in any of this thread to validate interpretations given...simple and blatant trading bias pimping.
"never trust a bull or bear"
Give it a rest Hiker. He shorted near the high. He's been right. He's giving his opinion. No one said a thing about "trust" except you.
IT
#10
IndexTrader
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Posted 22 February 2008 - 02:27 PM
bob is maxed out and so is everyone else. CNBC just had a segment on what individual investors are doing. Of course every dumb @ss out there is sending emails that they are short and proud of it.
A word of the wise... shorting into panic is not a sound strategy. Sure you can miss out on a few bucks. But the big money will not be made on the short side from here.
There is real panic out there. Huge panic on tiny volume. Don't missunderstand it.
I gather you're still long the other 2/3rds of your long position in futures?
IT
