Nothing's Changed at T.T. - Trapped bulls crying...

Let the market do the talking here. This is a no brainer...just wait for 2275 and short. Buy it back at 2200 or so. Everyone "HOLDING" this pig has been WORKED whether they were short or long. Look at it, it's a SIDEWAYS MOVE. Only nimble traders that move in and out are making any money here, that includes the brokers trading departments, by the way.

http://bigcharts.mar...&mocktick=1.gif

We all know what it takes for this market to PROVE that it can go higher, the rest of this repetitive "pipe dream analysis" is speculation.

We all know what it takes for this market to PROVE that it can go higher, the rest of this repetitive "pipe dream analysis" is speculation.
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Donkey in a pit

This 'trapped bull' is already in the green.

The chart says in a day or two you'll be back in the BROWN

Does that mean you're short? Or are you just making a projection?

It will most likely pull back since the 5min is already rolling and the 60 min is a divergent and overbought, BUT that $180B in Fed repos AND additional commitment up to 5 days already for $160B AND the breadth turning AND the EOQ coming up AND the significant sell off in commodities AND the significant bearish speculation in options are all telling me to stay bullish over the next 2 weeks until we see a significant deterioration in these again. Technically, this is also an IT cycle low, but there is a better low due in late May. I expect a trading range with more upward bias than the market did in Feb with the SPX 1360-1390 target for now. The market has to prove quite a bit to go beyond...

CURRENT SUMM INDEX: -991.015 PRIOR SUMM INDEX: -969.492 $$ still in the distribution phase, I wonder WHY?

I'm trading this pig... plain and simple. I'll let the optimists and pessimists HOLD long/short. I'm just going to do what I have been doing, Short the rallies, cover and watch. It's all about support and resistance here. If you choose to HOLD short or long and HOPE for a breakout/down, it's a dirty job but somebody has to do it. Meanwhile, I'm just trading pivot to pivot. I don't have to have religion, I have trading skills. I don't have to wait and hope, if I"m wrong I know it right away, take a small loss and wait for the next opportunity...

I really don't give a good darn whether anyone thinks this is a bear or bull market. I'm just milking this pig for what it is worth while I still can... The only thing I plan to hold overnight, over a weekend is US TREASURY BACKED Cash Accounts.

If you held short/long through the last two weeks on the Nasdaq and watched this sick market gyrate up and down... you're basically at zero, and you suffered a lot of unnecessary PAIN. If you traded long only bought on support and sold on resistance, you made money. If you traded short only, sold resistance and covered on support, you made money. Until conditions change and it is safe to hold, there is no need to adjust my trading mechanics. But with Treasury bills paying the lowest yield since 1954, It does not take a PhD to understand what a risk-averse situation we are in today...

Edited by SemiBizz, 21 March 2008 - 11:32 AM.

Pain yes... made zero, no..

But you are absolutely right, we have been in a range since jan, despite calls of 'trend is down'.

I like this call tho..

Saturday, March 15, 2008
GOLD is about to crash like a mofo

All signs post to it. Maybe I'll add a bit more to my gold short..

And this one

Tuesday, March 18, 2008

Predictions for next 3 days..

IF this holds...

Tomorrow we rally to NDX 1762.

Then wednesday we rally to NDX 1800.

Then on thursday we rally to 1828.

If this works out, I get the guru of the week award

posted by Dcengr at 1:18 AM | 0 comments

You bears had to ruin my weekly projection But I still stand by 1828 as my first target.

...despite calls of 'trend is down'...

are you not one of those suggesting the trend is 'down'? ... cause i guess then i'd be a bit confused... about that poll you posted asking if we're gonna break the DOWNTREND...