8 replies to this topic

[A-ha]

I just saw a comment implying things that I dont say at this juncture. Just to clarify, I am not seeing this as the start of a bear market. However I think we will get a sharp and quick correction that will make most of the bulls piss in their diapers as much as they did on Feb 27, but I expect a slower trending decline this time. Remember, I was on crash alert before Feb 27, but seeing it fail made me change my expectations about the way declines may materialize. I believe the bear will come from new all time highs ($SPX) later this year. Also it is not true that I am short from 1484 as some ding claimed. I was short yesterday from 1535, covered yesterday and today before shorting at 1525 again. I also covered this with nice profit. I will be looking to short again. I give most of my trades on xTrends real-time. All archived. I am currently short bunch of Semiconductors and tech including NTAP Good luck everyone

Edited by xD&Cox, 24 May 2007 - 06:41 PM.

[bullishnot]

Thanks for your posts, learned more than anyone elses..

[OEXCHAOS]

Atilla,

Did you notice that the SPX players telegraphed the punch the other day?

http://www.traders-t...?...st&p=289616

It's a manipulated decline, designed to reload and bag the late comers. There was a ton of Buyers fatigue to be exploited. They did.

Mark

[jjc]

I just saw a comment implying things that I dont say at this juncture.

Just to clarify, I am not seeing this as the start of a bear market.

However I think we will get a sharp and quick correction that will make most of the bulls piss in their diapers as much as they did on Feb 27, but I expect a slower trending decline this time.

Remember, I was on crash alert before Feb 27, but seeing it fail made me change my expectations about the way declines may materialize.

I believe the bear will come from new all time highs ($SPX) later this year.

Also it is not true that I am short from 1484 as some ding claimed. I was short yesterday from 1535, covered yesterday and today before shorting at 1525 again. I also covered this with nice profit. I will be looking to short again. I give most of my trades on xTrends real-time. All archived.

I am currently short bunch of Semiconductors and tech including NTAP

Good luck everyone

Good to see your still alive and kicking XD. About your comment:
"but seeing it fail made me change my expectations about the way declines may materialize" This was a nasty decline. I wonder if the market shepherds did not completely understand the carry trade when they walked it down a bit too fast in FEB. Not a knowable thing, however I still wonder...

I will note here, that from time and sales activity of the JYM07 (Yen Futures) contract last night I conclude there was plenty of counter force available to prevent any major self perpetuating trend.

[A-ha]

Atilla,

Did you notice that the SPX players telegraphed the punch the other day?

http://www.traders-t...?...st&p=289616

It's a manipulated decline, designed to reload and bag the late comers. There was a ton of Buyers fatigue to be exploited. They did.

Mark

Yes I saw it. The way it moved right after 10 DMA of OEX P/C hit the spot was almost identical to pre-Feb 27 activity.
However, despite today's decline, we have Equity P/C dropped at the close, implying the retail is not concerned at this point...meanwhile leadership sectors like utilities are cratering fast and furiously.

I think this one may have some legs.

[OEXCHAOS]

I was worrying about dip buying. We'll have to see as more data comes in. Mark

[qqqqtrdr]

Atilla,

Did you notice that the SPX players telegraphed the punch the other day?

http://www.traders-t...?...st&p=289616

It's a manipulated decline, designed to reload and bag the late comers. There was a ton of Buyers fatigue to be exploited. They did.

Mark

Yes I saw it. The way it moved right after 10 DMA of OEX P/C hit the spot was almost identical to pre-Feb 27 activity.
However, despite today's decline, we have Equity P/C dropped at the close, implying the retail is not concerned at this point...meanwhile leadership sectors like utilities are cratering fast and furiously.

I think this one may have some legs.

CBOE 10-day Put/Call is approaching 1.0... I have a Buy down when it reaches 1.05. I will see how it acts during this sell-off. I do believe since CBOE has been working it way higher we will see it reach much higher before we see a bottom.

[isaac613]

I just saw a comment implying things that I dont say at this juncture.

Just to clarify, I am not seeing this as the start of a bear market.

However I think we will get a sharp and quick correction that will make most of the bulls piss in their diapers as much as they did on Feb 27, but I expect a slower trending decline this time.

Remember, I was on crash alert before Feb 27, but seeing it fail made me change my expectations about the way declines may materialize.

I believe the bear will come from new all time highs ($SPX) later this year.

Also it is not true that I am short from 1484 as some ding claimed. I was short yesterday from 1535, covered yesterday and today before shorting at 1525 again. I also covered this with nice profit. I will be looking to short again. I give most of my trades on xTrends real-time. All archived.

I am currently short bunch of Semiconductors and tech including NTAP

Good luck everyone

I never said that you predicted a bear market that was my call. I just said I use xtrends. Just wanted to clarify things.

Atilla,

Did you notice that the SPX players telegraphed the punch the other day?

http://www.traders-t...?...st&p=289616

It's a manipulated decline, designed to reload and bag the late comers. There was a ton of Buyers fatigue to be exploited. They did.

Mark

Yes I saw it. The way it moved right after 10 DMA of OEX P/C hit the spot was almost identical to pre-Feb 27 activity.
However, despite today's decline, we have Equity P/C dropped at the close, implying the retail is not concerned at this point...meanwhile leadership sectors like utilities are cratering fast and furiously.

I think this one may have some legs.

CBOE 10-day Put/Call is approaching 1.0... I have a Buy down when it reaches 1.05. I will see how it acts during this sell-off. I do believe since CBOE has been working it way higher we will see it reach much higher before we see a bottom.

[nimblebear]

Are you the ding ?