14 replies to this topic

[JAP]

You're pretty quiet today aren't you? SNORT!

[Darris]

Yep, got my attention. Good follow thru selling today.

[Russ]

Actually da cheif did forcast a strong sell off into this time period in may for june es to go down to as far as 1492, looks like that has been exceeded a little. I have my doubts the bull will resume now though until August.

[Tor]

You're pretty quiet today aren't you?

SNORT!

Thats a good one. Have you noticed that the SPX is still above 1480??? Having risen from 1380, yes 1380 that is 100 points, form the lows in March?

Have you got any downside targets

The bears all come out when we get a hard fall. Generally speaking bull markets are designed o have short sharp corrections. maybe this is only a correction?

Me correction becomes possible bear trend at 1460. Until then stand aside and stay bias. Good trading.

Actually da cheif did forcast a strong sell off into this time period in may for june es to go down to as far as 1492, looks like that has been exceeded a little. I have my doubts the bull will resume now though until August.

Its true he did. Bears are selective in their memory.

Yep, got my attention. Good follow thru selling today.

Darris do you mean or

[Mr Dev]

Actually da cheif did forcast a strong sell off into this time period in may for june es to go down to as far as 1492, looks like that has been exceeded a little. I have my doubts the bull will resume now though until August.

Then what the ell was he doing .. buying the last 2 days? I see absolutely NO buy signals for a long term position,.. and possible trend

change so there's plenty of time to enter a trade.

Unless you're a buying addict!

luv ya Russ

Edited by Mr Dev, 07 June 2007 - 03:46 PM.

[Russ]

Then what the ell was he doing .. buying the last 2 days? I see absolutely NO buy signals and possible trend change so there's plenty of time to enter a trade. Unless your a buying addict!

Guess he is a man of great faith in his models. Grab onto that falling knife and get cut!!! Greed without tempered caution (waiting for good confirmation of a bottom) is dangerous.

[bullishnot]

Hiding when the pain comes.. great great day today

[Mtrader]

Gap down so I can buy.

[Darris]

Tor, Oh no, still very bullish. We just have some intermediate correction action to work with here. This particular short term correction may be over Sunday evening in the 1st few hours of futures trading. I am just going to have to be more careful time wise on my longs now. We have now corrected 55 ES futures points, so after a day or so of rest, we will be back in full Bull mode to scalp 10-15-20 points on the long side for the OPEX manipulation. Did you notice will filled the gap up on the Front month roll over today, and sold off an additional 14 pts below it. I will be re-loading long for short covering rallies if we trade 5-10 pts below todays low in the ES Sept contract. Good trading. (Double Bull emphasis, LOL)

[OEXCHAOS]

The guys who try to bias as long as possible for as long as possible tend to look pretty darned smart when it comes to the ranking services. Check out TD or Hulbert's results. So far, this has to be viewed as only a correction. That's all. The pessimism will be rising pretty quickly, I'll warrant and that'll make another low sooner than many think. Of course, I'm not so sanguine about the rest of the summer. I fear we may be into a nasty choppy period where we go from overly Bearish, to overly Bullish to overly Bearish and all in all not make much progress in either direction. Mark One thing. A reminder. We don't beat up on folks for being wrong. We just don't. Even when they deserve it...if they deserve it. It's bad Karma and bad policy. Mark