35 replies to this topic

[da_cheif]

short term traders are long from 3246.50 es

[skott]

The rally could huge?  or as I assume you mean the selling could be huge?

[blustar]

Took profits early today, in cash. Today could be a failing top, not sure, but have had a huge rally since Jan 31.  We came within 7 points of the old high on the SPX and made new highs on the NASDAQ which looked assured to me.  We could have a case of inter market bearish divergence.  Between today and Friday is the key to the future, IMO.  I'm not willing to go short as we could make a new high by Friday, but still not sure.  Next week looks down regardless.  We have a Bradley due on the 8th (top?), full moon and moon in Leo over the weekend which often times marks a top.  It could be a secondary top not sure tho'. 

[12SPX]

Pretty quiet down here now about tops, these predictions aren't looking so great at the moment!

[skott]

12SPX   it has gotten quiet. I've been wrong, wrong wrong. on this short but I never made a prediction about huge down day or anything of the sort. The repo money apparently has a death grip, and yeah, it will be a death grip as it squeezes all real life out of the markets and only the super rich will remain. But their house of cards will fall too.

[12SPX]

• Ya loved Powells response about the question on repo purchases that its no big deal just keeping things inline lol!  What a joke!  Then why are they doing them.....