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if A=C then 720+(80 to 100) so it is feasible.
4 is over or only 4a is over? Ewave test ahead
up the stairs down the elevator!! yet again! he he
Shorting SPX here is a good R/R. Though i am still on sidelines
USO above 30 would be a huge test. A bear market bkout failure may be likely
Bank liquidations ahead in future. Banks will be like consumer staples for the foreseeable future
FAS looking toppy
POWI could be headed to 19 here
STRA nice short
w/ earnings in the 40-50 range and multiple in the 8-12 range at the bear bottom, SPX level of 750 or so may not be reached for quite a few years. May be market is lenient enough to give another chance to long term longs to liquidate their positions.
EMT has been discarded, chicago school's petulant protestations notwithstanding.
swenlow is sceptical of the rally.
http://www.decisionpoint.com/ChartSpotliteFiles/090313_bounce.html
dead market..i am gone..hagwe all.
didn't someone say short ssd & short SSO & similar has been making free money for some time. May be MMs getting onto it.
How this rally was orchestrated. (from oversold market)
1. Citi/boa/jpm/wf all swearing they are making profit (HA HA )
2. Obama suddenly chimes in: Things are not as bad as they were presumed.
3. Bernanke assures recovery by yr end.
4. Citi even offers to return tarp money (what hutspah!!)
To suffering longs: it is good time to lighten up. If market bottoms at 600 or lower, even w/ 6-8% yrly rise for SPX it will be a long time to reah these level.
..If this was a bear bounce, we should not have had such a nice up-channel...
so for you it is wave 1 of uptrend after wave 5 is done. Or is it wave 4 (that i think it is), meaning still a bear rally.
Unless you think multi yr bottom is reached
i said as much, but i have emptied my SSO treasure and i am here to restrain burst of enthusiasm. At best consolidation for few days.
SPX up 12% since lows..time for a retrace.
tread small and tread carefully
SOLD all expcet 3% of SSO at SPX 739
scaled out 25% at SPX 735, holding only 25%.
Bear market: GRab your profits fast
it is headed to 740-750.
End of the day market going UP is always good for longs- my grandmum always advised me.
I am giving it a few days. Today bull flag consolidation. And then on to SPX 740-750
thx..i guess everyone is watching 740
scaled out 50% @SPX 730
SPX may reach 750 today whence i cash my chips and scale out
nov-jan rally was also weak vol rally.
Expect 4-5 day rally in a bear market. Book profit sooner rather than later.
hunker, i will be positive once SPX crosses 726. I hope to bail out by 750 unless situation warrants something different
perhaps
bull flag break up, perhaps
sQEEEEEEEZE THAT HURTS
cmtl/avav nice shorts today despite a bullish day
a retrace to 730-750 SPX is a high probability
This has some momentum. Financial news helps too. I will be leery of shorting here
Or,traders, Inst Inv, do not expect major selloff from here, hence not much put buying. Once redemption is thru, i expect SPX @730-750 where i will bail out :)
There is no buying frenzy here ..so it seems redemtion/margin call/retail bailing out pressure is going at least for the time being
GE is up 30% from the lows!! multimonth bottom seems in
USO targetting 30 to even 33..
inverse H&S above SPX 685.