Posted by marketguy on 9th of Sep 2010 at 09:11 am
that I've had for myself the last week or so to "remind" me to
lighten up on the short side should we continue higher (I guess
that's a bloody understatement!!!!)....will be opening up inside
the red box....what a nightmare....
Posted by marketguy on 9th of Sep 2010 at 06:00 pm
reversed nicely out of the box today and yes Michael, I did add
up there (it's just that a solid break out of it "and" now that
solid black candle I've got to lighten up as I was too early once
again)....
Posted by marketguy on 9th of Sep 2010 at 09:59 am
keep buying those names bud and we'll see who comes out ahead at
year's end...if you're a koolaid drinker who believes all this B.S.
data that's been coming then I guess you can call yourself
unbiased....
"technically" I can make a case for both sides of the trade so
I've chosen to take the bear side over the last week (granted much
to my chagrin at the moment)...I've said all along that should we
reach 1117 (or definitely over 1140) I will change my tune but
until then I think this is a suckers rally of biblical
proporation.....could I be wrong? ABSOLUTELY!!!! but for me
it smells like mid 2007 where the market was going up on fumes and
BS only to flame out....
chart....
Posted by marketguy on 9th of Sep 2010 at 09:11 am
that I've had for myself the last week or so to "remind" me to lighten up on the short side should we continue higher (I guess that's a bloody understatement!!!!)....will be opening up inside the red box....what a nightmare....
reversed nicely out of the
Posted by marketguy on 9th of Sep 2010 at 06:00 pm
reversed nicely out of the box today and yes Michael, I did add up there (it's just that a solid break out of it "and" now that solid black candle I've got to lighten up as I was too early once again)....
Bias
Posted by vdonato on 9th of Sep 2010 at 09:22 am
With all the leaders running, aapl nflx amzn akam crm cmg etc... Where does the bearishness come from? Bias will get you in trouble.
keep buying those names bud
Posted by marketguy on 9th of Sep 2010 at 09:59 am
keep buying those names bud and we'll see who comes out ahead at year's end...if you're a koolaid drinker who believes all this B.S. data that's been coming then I guess you can call yourself unbiased....
"technically" I can make a case for both sides of the trade so I've chosen to take the bear side over the last week (granted much to my chagrin at the moment)...I've said all along that should we reach 1117 (or definitely over 1140) I will change my tune but until then I think this is a suckers rally of biblical proporation.....could I be wrong? ABSOLUTELY!!!! but for me it smells like mid 2007 where the market was going up on fumes and BS only to flame out....
good luck either way.
MG
I don't know -- that
Posted by Michael on 9th of Sep 2010 at 09:21 am
I don't know -- that red box seems to be the place to continue scaling into shorts, not get squeezed out.