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Call me cazy, SPX is heading back up to 1300, Nasdaq stil leading...
2bit
SD you are jumping to conclusion,, Monday will tell whether it is 7/10 or 8/10 place your bets...
2bit
I am long and don't expect people to follow what I do, everybody's pain threshold is different...if it caues you sleepless nights...don't do it....frankly I think the market is oversold for no reasons...just because there is some 911 threats does not mean they are going to happen...the government is silly to announce it...they should either keep their mouths shut or tell everything, the detail plans etc. ...half knowing is ignorant and creates unnecessary fear especially to the market...I bet if nothing happens on Sunday the market will rally hard... on Monday
2bit
The market is coiling for a breakout, NYA gives the buy signal now...
2bit
no roll dice, statistics 101, 7/9 times positive, better than most other trades....IMO
2bit
9/11 stats
Date SPX Change Comment
09/10/10 +5.37 09/11/10 was Saturday
09/11/09 -1.41
09/11/08 +17.01
09/11/07 +19.79
09/11/06 +0.62
09/09/05 +9.81 09/11/05 was Sunday.
09/10/04 +5.54 09/11/04 was Saturday.
09/11/03 +5.50
09/11/02 -0.13
2bit
Based on the negative sentiment of this and other boards, I think the market will rally big time....
2bit
The Nasdaq is leading the upswing, I think there is a patriotic rally into 911
2bit
I still think the JacksonHole rally is intact....
2bit
If I have to bet, I will place my bet on the long side....most indexes pulled back to the forecast areasw and the weeklies have signaled an uptrend...plus a zero job growth will almost demand the Fed to do something....
2bit
Please be reminded of the JacksonHole post...
2bit
Thanks, BT, I guess it will go to 134 eventually? The middle of the fork!
2bit
Hey BT, can you fork OIH for me!I just got out of OIH Calls but may be I am leaving a lot on the table...
2bit
Wish I know!
May be all those bi-direction trades cleaned him out...LOL
2bit
Don't fight the Fed, when they say I still have a bag of tricks, don't short the market, my OIH holding has now gone positive...ya Neutral Man...wonder if he survived....I like Scammen of Clearstation those were the days....
2bit
Why did OIH jump > 2 bucks in the last minute or just my illusion?
IF tomorrow's GDP number is good, then there must be insider trading here..............
2bit
Does anybody know what time the traitor(Ben) speaks at JHole tomorrow?
2bit
Ya really sad, possibly a few weeks. Funny life's high and low always links together...here you have the pinnacle with IPAD3...wonder what would happen to the Nasdaq now, AAPL is the driver.........don't know if the quote is correct.. I see AAPL down 20 bucks AH....just lucky I am day trading everyday now...at end of day I need to close all....
2bit
I wish I trade futures again, 24 hr Globlex, short at night, buy at dawn...money making machine 24 hrs a day...IMO
2bit
Japan's debt rating down graded by Moody, at time of writing SPX futures down 10 and DOW futures down 85 fair value
2bit
GS sold off 6% EOD....news about hiring high power lawyer by GS head
2bit
no change of trend yet in my book ....
2bit
Hi Big,
It is all about greed. For the past few days the PUTs were disproportionaly high relative to Calls. Now they are really shooting themselves in the foot...
2bit
The A/D study has signaled a sell yesterday and the price action has falling out of your little fork yesterday. Now of course the A/D signals a down trend, what would price action do if it hits the centre of the fork? would it bounce or fall through till it reaches the right hand of the fork?
2bit
Phil Fec plunged to -30 from 1%
2bit
SD, a point I am trying to make, I shorted QQQ 2 days ago when we had that conversation I said "short the Nasdaq" I shorted QQQ, held for 2 days and just sold all PUTs, for NDX, QQQ reached 78.6% retrace and OEX and OIH reached 61.8% retrace plus I need the money but not to brag about it, for two days' hold a whopping 61% gain, and if I held it for 3 hours, I would be at a loss. I am sure if you hold it longer you will make more, but I need the money tomorrow for being a poor guy I am, but I am getting better, much better and hope to get big soon, this is my dream anyways.
good luck, hope you are short
2bit
SD this is your opportunity, if they limit down, short it using options and come back in a week, and see how much you make. This is how I trained myself...IMO
2bit
NYSE just invoked rule 48...limit down?
SD - I used to do that getting in and out in 3 hours or 3 minutes..this is a no..no...you will end up loosing more than you make....imagine how much opportunity you missed if you got out in 3 hours rather 12 days....in the last down draft
2bit
I can only reply to public msg. why play with so much draw down. Play options on RUT or IWM, your draw down is much less and reward is much higher and you can absorb much more shocks. Further, you are only risking the premium of the option not anymore.
2bit
I used to wait for every report before I make a move and did not get anywhere, couldn't even pull the trigger..the market has its way of doing things, if it is going down, it is going down any report is just a blip...
2bit
Why sit on hand...lousy claims, lousy CPI, short the world, this is the first day only, the least it will do is to revisit the low...it is going down down down IMO....
2bit
Good for you, same here, 2 kids in University. I have completed a proprietary trading system that does not require constant monitoring, may be one peak at the end of day and take my mind off the market and do other things in life...
Do post often, still using your trend trading system?
2bit