13 replies to this topic

[A-ha]

1365

I may cover those I shorted last week when we get there...

Edited by xD&Cox, 12 March 2007 - 08:44 AM.

[greenie]

1365

I may cover those I shorted last week when we get there...

Why cover? Are you thinking we are setting up for a larger bounce to 1415+ ?

[A-ha]

1365

I may cover those I shorted last week when we get there...

Why cover? Are you thinking we are setting up for a larger bounce to 1415+ ?

I believe we will test 1320 before any significant bounce ...
But it doesnt matter what I think, I can not carry those I opened last week for longer than a week or two.
I am really short upto my nose and I pyramided up in futures account.
It is just a matter of risk. Risk is usually lower in early stages of a setup than later stages.
Here I am talking about the setup on SPX chart I posted last week here (posted on xtrends today too)

Edited by xD&Cox, 12 March 2007 - 09:19 AM.

[greenie]

I believe we will test 1320 before any significant bounce ...
But it doesnt matter what I think, I can not carry those I opened last week for longer than a week or two.
It is just a matter of risk. Risk is usually lower in early stages of a setup than later stages.
Here I am talking about the setup on SPX chart I posted last week here (posted on xtrends today too)

I understand. Based on the charts, 1320 (and Qs=39.95) is my target for this round too. If the markets do not get there, I have to rethink about the bear market.

BTW, midcaps leading down today - whatever it means

Edited by greenie, 12 March 2007 - 09:21 AM.

[da_cheif]

greenie.....after 5000 dow pts up and you havent rethot the "bear market" :>)

[A-ha]

I believe we will test 1320 before any significant bounce ...
But it doesnt matter what I think, I can not carry those I opened last week for longer than a week or two.
It is just a matter of risk. Risk is usually lower in early stages of a setup than later stages.
Here I am talking about the setup on SPX chart I posted last week here (posted on xtrends today too)

I understand. Based on the charts, 1320 (and Qs=39.95) is my target for this round too. If the markets do not get there, I have to rethink about the bear market.

BTW, midcaps leading down today - whatever it means

I don't think possibility of a bear market has anything to do with testing 1320 in this leg. In fact it is likely that we may rally to make new marginal highs on some indices... To make sure the sucker class is fully in before the big one.
This doesnt change the fact that we are initiating the bear market that will be part of the secular bear started in 2000...NDX will likely make new lows in the next 4 years

Edited by xD&Cox, 12 March 2007 - 09:33 AM.

[da_cheif]

"sucker class"....lmazoff

[greenie]

greenie.....after 5000 dow pts up and you havent rethot the "bear market" :>)

Cheif, I do not drive looking at rear-view mirror. If you drive 2500 miles west from New York, you reach west coast. Another 2500 miles will take you into very deep water. Keep that in mind


BTW, next time you go into your car, take a closer look at the warning on the rear view mirror on side window. It says, "objects in mirror are closer than they appear." Do you know what that means? You will know soon

[LeroyB3]

There is no measure possible that one could think we are in a bear market. What confirming factors have told you we are in a bear market? If one looks at verifiable factors, we are in a correction. I don't think that correction is over just yet, but there is no way one could think we were in a bear market unless it is just a guess. I don't believe SPX will head down to the lows (if at all) until it hits around 1416-1417 again. So, I hope the shorts can take a 15 point move against them. Best, LB

[eminimee]

Yeah..what Leroy said..