17 replies to this topic

[denleo]

Now lets turn it into a break away gap and go to new highs. This way it will be a smooth ride, because bears will realize that selling the market is stupid. I would love to see bear crashing today. Denleo

[maineman]

scha·den·freu·de "satisfaction or pleasure felt at someone else's misfortune" Not one of life's more noble emotions.... mm

[dcengr]

scha·den·freu·de
"satisfaction or pleasure felt at someone else's misfortune"

Not one of life's more noble emotions....

mm

When swimming in an ocean full of sharks, prepare to be meat.

[PorkLoin]

MM, methinks that Dennis might have been laying it on pretty thick on purpose. I remember the last few minutes of many a trading session when there had been a strong move underway, and how simply glorious it was to be on the right side of the market watching many of those who took the opposite side of the trade just dump their positions, further propelling the market into the close. I'm not saying this is a good trading emotion. It's "love of the game," love of gambling, love of just playing for action, etc. But so help me I do love it. Best, Doug

[denleo]

I just want bears to cover and send prices higher. That is what is going on already. New highs right ahead. Denleo

[arbman]

I am not sure there was many fully short bears actually...

[dcengr]

I am not sure there was many fully short bears actually...

Look at the small speculator short positions in the futures market... they could've lightened up last week, but they didn't. Those guys need to capitulate before sustained downside can emerge, me thinks.

[SemiBizz]

Yes, those pesky bears are annoying, particularly for any bagholders above the gap... Based on that flat line at 2455, all you're going to get here is a test of the high volume candle high of 2470...





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

[eminimee]

need to take out todays highs...and then you'll see the short covering
http://www.tradingth...ad/eurod129.png

[SemiBizz]

The "Surge" day lows have been tested on lighter volume (bullish spring setup), all we are doing now is going back to test the high (44.48) and give it up on light volume (bearish upthrust).



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