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That was a healthy 9 point correction


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#11 NAV

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Posted 04 June 2007 - 12:39 PM

Every other perma bear i used to know on various message boards have turned bullish. Why not ? All trendicators are looking bullish ! Trend on 5-min charts to monthly charts are all up ! ATH on SPX is one monster gap-up away !. Nothing, absolutely nothing can go wrong in this kind of an environment, if one is long. The chinese investors probably went to sleep yesterday night with the same feeling !. I don't trade on sentiment, but a believer in sentiment, nevertheless. Me thinks a nasty plunge is coming soon, just based on sentiment alone !.


I agree, however I don't think it's going to come out of the blue it will be controlled. And it's not going
to be easy to short; Lots of stop running. I will likely go short this afternoon for a quick play however
I'll be quick on the profit trigger.


I am not sure what you mean by "Controlled". Controlled by who ?

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#12 jjc

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Posted 04 June 2007 - 12:48 PM

Every other perma bear i used to know on various message boards have turned bullish. Why not ? All trendicators are looking bullish ! Trend on 5-min charts to monthly charts are all up ! ATH on SPX is one monster gap-up away !. Nothing, absolutely nothing can go wrong in this kind of an environment, if one is long. The chinese investors probably went to sleep yesterday night with the same feeling !. I don't trade on sentiment, but a believer in sentiment, nevertheless. Me thinks a nasty plunge is coming soon, just based on sentiment alone !.


I agree, however I don't think it's going to come out of the blue it will be controlled. And it's not going
to be easy to short; Lots of stop running. I will likely go short this afternoon for a quick play however
I'll be quick on the profit trigger.


I am not sure what you mean by "Controlled". Controlled by who ?


By the people who have the most to loose if it gets out of control. The institutions.

#13 denleo

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Posted 04 June 2007 - 12:49 PM

Every other perma bear i used to know on various message boards have turned bullish. Why not ? All trendicators are looking bullish ! Trend on 5-min charts to monthly charts are all up ! ATH on SPX is one monster gap-up away !. Nothing, absolutely nothing can go wrong in this kind of an environment, if one is long. The chinese investors probably went to sleep yesterday night with the same feeling !. I don't trade on sentiment, but a believer in sentiment, nevertheless. Me thinks a nasty plunge is coming soon, just based on sentiment alone !.


I agree, however I don't think it's going to come out of the blue it will be controlled. And it's not going
to be easy to short; Lots of stop running. I will likely go short this afternoon for a quick play however
I'll be quick on the profit trigger.


I am not sure what you mean by "Controlled". Controlled by who ?


In Goldman Sachs We Trust!

Denleo

#14 NAV

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Posted 04 June 2007 - 12:51 PM

Every other perma bear i used to know on various message boards have turned bullish. Why not ? All trendicators are looking bullish ! Trend on 5-min charts to monthly charts are all up ! ATH on SPX is one monster gap-up away !. Nothing, absolutely nothing can go wrong in this kind of an environment, if one is long. The chinese investors probably went to sleep yesterday night with the same feeling !. I don't trade on sentiment, but a believer in sentiment, nevertheless. Me thinks a nasty plunge is coming soon, just based on sentiment alone !.


I agree, however I don't think it's going to come out of the blue it will be controlled. And it's not going
to be easy to short; Lots of stop running. I will likely go short this afternoon for a quick play however
I'll be quick on the profit trigger.


I am not sure what you mean by "Controlled". Controlled by who ?


In Goldman Sachs We Trust!

Denleo



:D

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#15 Russ

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Posted 04 June 2007 - 12:52 PM

I am not sure what you mean by "Controlled". Controlled by who ?


The 30 minute vix looks like it is going to roll down and fill it big gap just under 13. Short term move up? I agree that sentiment is looking too optimistic right now...perhaps market down into www.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#16 jjc

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Posted 04 June 2007 - 01:03 PM

Every other perma bear i used to know on various message boards have turned bullish. Why not ? All trendicators are looking bullish ! Trend on 5-min charts to monthly charts are all up ! ATH on SPX is one monster gap-up away !. Nothing, absolutely nothing can go wrong in this kind of an environment, if one is long. The chinese investors probably went to sleep yesterday night with the same feeling !. I don't trade on sentiment, but a believer in sentiment, nevertheless. Me thinks a nasty plunge is coming soon, just based on sentiment alone !.


I agree, however I don't think it's going to come out of the blue it will be controlled. And it's not going
to be easy to short; Lots of stop running. I will likely go short this afternoon for a quick play however
I'll be quick on the profit trigger.


I am not sure what you mean by "Controlled". Controlled by who ?


By the people who have the most to loose if it gets out of control. The institutions.




I should add here that I think the days leading up to FEB 27 were very controlled (statistical devation from
the norm on many parameters). What I'm not sure of is if the speed of the fall was intentional or
if the YEN carry trade unwind started trending too much....


Speeking of statistical problems 3/19,3/20 & 3/21 are a big puzzle for me. I can't get my head around
the missing volume.