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Rab,
This is just an OB trade, from a few hours to may be overnight depending. OEX June Puts 430. Ya, I know, I know, bulls everywhere...but I would never get myself to buy at OB.
Ready to bail anytime though...just hope to get 20%...
2bit
Short the suckers
2bit
Ya WYNN, 2Ns...CCI up may go to 45ish??
2bit
OTC,
VIX higher under these conditions is no good if you are a bear...it has to be lower.. to eventually trigger a sell off in the market...believe it or not?
2bit
Hey, did you play WYN? looks like it on the run again...people used to smoke during recession..but it induces cancel...so now they gamble..well, kind of like us in the market...no?
2bit
Oman,
Right, I have a friend who used to say "don't tell me anything, I just follow Bradley" and I think back in year 2006 or 2007 he was right, why work your butt off on TA, Charts and Lies if the result isn't any better. Until it deviated and he was out. I am still in, working my butt off on Charts and Lies....
2bit
Well, I just know personally 2 persons lost their jobs. There are more to come...but I cannot say more here...it is going to get worse before it gets better..unemployment that is ...if you have a job you probably won't feel it..because we don't have the housing crisis but indirectly we are affected... just look at the banks and the insurance companies...whoever dabbles in CDS lost their arms...those banks and insurance companies have their first losses in over 50 to 100 years... and they are laying off people...fortunately our housing prices are still in tact
2bit
Yes and no...I have been following it for at least 3-4 years and it was amazingly accurate some times. When at the turn dates I usually check my other indicators..looks like this June down turn may be realized..but I do not trust the magnitude...all those gurus preaching gloom and doom so far have been wrong and Bradley is at least trending...
2bit
Looking at the volatility index, it will probably take at least one more day before any sell off...if that is the case, Bradley is very accurate one more time...
2bit
Blasher / bob,
can you provide new link...thanks
2bit
bob,
no data on Friday..fishy..
2bit
Bradley revisited.
June 03 is turn date. in line with T theory.
2bit
840 is where every analysis I know points to, it will be more clear when we get there..never say never broken though.. but if it takes the other route up to 970 first then so be it
2bit
R4,
Thursday May 28, but does it really werk???
2bit
At this juncture, it seems, spx may go to 840 or 970...for me, I prefer the 840 first, then I will go 100% long...
2bit
Foot,
Although spx seems to be consolidating in May but in real dollar terms, it has declined. Look at $spx:fxe. Therefore,
if the Euro reverses, the market should rise, or any fall would be limited, would you not think?? also look at the CCI rising too...
2bit
Foot,
I am glad I am in Gold and metal stuff. But I can't be too bearish on the market. Notice the McClellan Osc is rising and the next phase is another bull run. Market may just be consolidating.
2bit
Foot and John,
You wouldn't be able to buy SDS unless you go market under this condition....in any case, the Canadian dollar is back over 90c per USD and is creating a problem with our manufacturers...me for one for long term holdings are sticking to Canadian equities only like RIMM, ABX, Suncor and Canadian Banks....why would any foreign investors hold US equities if the USD is falling?...
2bit
Have a good one Rab
2bit
Foot,
The general trend is still up until it isn't...one more theory..the banks are using the TARP money to trade before they have to return it next week...cycle low should be early June...then a mother of a rally to folllow...
2bit
Ha, interesting u asked...just finished a 5km/3 miles run this morning...
2bit
good read Rab, it was obvious to me that it was huge short coverings...you couldn't even say buy in time..I think the bears will be back in next week....e.g OEX 420 jun puts 150 sold and compare to none 420 calls bought same time frame....just wonder who engineered this....more & more conspiracy and may be month end...
2bit
Trying to make some sense out of this BS rampo...ppt at work again, right after 2.30 pm the Fed must be printing money again to buy Treasury...and pumping up financials...the market is way OB and this is what I see Monday...
It was only short coverings, traders were dumping Puts like no tomorrow and there were comparatively little Calls bought...people were caught by surprise ...if you have the guts..to buy Puts at deep discount by the close..you will be doing ok
2bit
Two,
I think it should read
" all indicators are correct, until you place a bet"
2bit
Looking at the 3 horsemen of the Nasdy, AAPL, GOOG, RIMM, I am quite convinced that the stress of the rising bearish wedge of NASDAQ of May 7 has already been released and a June rally is highly possible....bears beware...
2bit
Since everybody is so bearish and SPX has not gone anywhere in May, there may be a summer rally this time...hmmmm
2bit
You,
Thanks, but I almost faltered. I was out before the housing news and then end up chasing it back up...I8R...it is hard to make a buck.
Tomorrow,I plan to look for a short setup perhaps after the sentiment data 9.45am....this market trades so much on news, it is killing me....can't ride it overnight anymore...
good luck
2bit
Winding up for a big move, but tomorrow there should be an opps to short and stop at 416....
2bit
All in cash and watch
2bit
Oman & Hook,
Today is important especially with the new housing numbers...it better rebounds else the market is in deep shi...watch $HGX, better not break support..
good luck folks
2bit
It should rebound tomorrow the up channel is not finished yet...
2bit
NM, What violiation? if u were long that is... at least not yet...
2bit
This is a good entry buy point if you believe spx is going to 930
2bit
The beauty of channel trading.
As a side bar, this could be the last time it touches 430 if it cannot break out to the upside. Many expect early June as market top time.
2bit
NM,
I am assuming ur bag-holders are shorties...'cause I'm expecting spx to reach 930 very soon...
2bit
Blasher,
came one day early...
2bit
I am trading 5/30 min 1 min is too much...
2bit
My target 1 was reached now it is breaking out of channel, will reenter long.later..I did bot have fast fingers like you..congrat..
2bit
Out,
of my puts and watch.... depending on how it closes may go long by eod....
2bit
MT,
that I concur...VIX raising its ugly head, and same here I am only long long term Gold and precious metal stuff and trade everything else.....
2bit