If I EVER get bearish

    Posted by profmel on 30th of Jul 2020 at 04:40 pm

    If I EVER get bearish again SHOOT ME! Blow out earnings from everyone and I'm twiddling my thumbs. That 24 hour correction wasn't worth stopping out of my SPY and QQQs.

    Shoot me too...

    Posted by lapri24 on 30th of Jul 2020 at 06:19 pm

    Shoot me too...

    I am in the same

    Posted by arun on 30th of Jul 2020 at 04:46 pm

    I am in the same boat. I trimmed a lot of my longs just out of fear. Even in my long term accounts. 

    Hate to say this, there are more bears in this group and not sure if it even pays being bearish

    We'll either be up 800

    Posted by profmel on 30th of Jul 2020 at 05:26 pm

    We'll either be up 800 tomorrow OR it'll be a sell the news event. Since I'm out...I'm betting +500 and on to new highs. Arun hit it though...keep it simple! Maybe a rally gets me out of WDAY 

    very short term on that

    Posted by matt on 30th of Jul 2020 at 06:22 pm

    very short term on that push had a bunch of R's on the sentiment indicator. basically means rookies. Basically what that indicator measures is average size of the buy/sell orders and when they are small orders representing small traders i.e. who are often wrong short term chasing a breakout at the highs or shorting or selling at the lows.

    I like that indicator. Thanks

    Posted by fcarbone on 30th of Jul 2020 at 07:03 pm

    I like that indicator. Thanks for that Rookie information. I think I am going to short AMZN, AAPL, and FB tonight.

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