12 replies to this topic

[da_cheif]

THE markets talking....but u aint listening....sigh

Sure! Give me the crap, all you want, you will not be the only one today...

I went long at the beginning and sold pretty much at the Fed pop the last bits. So, I listened when the breath divergence was there last week at the lows and I did give the spring a chance to bounce, but the coil is pretty much broken here. Perhaps I am underestimating the rally again, but it is hard to buy and hold when the breath is deteriorating everyday and the rally is on pretty much vapor volume, I will probably see what a pull back will do. Perhaps the market has ran out of sellers again...

> but it is hard to buy and hold<....if it was easy....i wouldnt be here........

[arbman]

Congrats, what can I say. I just have to do what makes me the money, this is not a winning or high odds setup for me in the long side. I am indeed curious about how it will resolve though, at least for the next few days. It will be a learning experience...

[qqqqtrdr]

Looks like bearishness is everywhere here. I am starting to see that we could be on the last legs of this rally. Put/Call Ratios are starting to show we could be heading up on the last rally. The problem I see is that the CBOE put/call ratio 10-day average is .97, a top has never been made or hit with a 10-day Put/Call ratio this high. This needs to go down .92 before I feel comfortable shorting. It seems to me there are still too many betting on the downside here. With that said bearishness overall is decreasing, so if it continues I will be looking for a top, but not now......... Barry