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My take is the Market is and will UP again at least until Wed, the possible pivot point will be Wed when something really screw up from Europe. So far, market just continue to UP trend.

As long as we have bear in the sideline, the market will continue to go UP. I am still not seeing those Bear change side and go LONG in the market, indeed this thread is the solide proof. The market will only go DOWN when ALL the people are long & in the market, but this is not the time yet.

He will keep adding to his short position :D

SmallBicycle - You are NOT welcome in here How much you lost for today when the market clearly in UP trend ? My bad, I forget you never trade real money :D

this is one of the worthless thread in this forum.

For one day ???

your broker, option book seller and option education snake oil seller

My believe is ES will stay around 1200 today due to option expiration and a lot of big institute seller are shorting at this strike price ??

I am no shy to tell what my opinion on the market. I am right most of the time (> 60%), unlike those fake ET traders here (even those with > 2000 posts) that always claim after the fact. I am LONG now Add: Put a tight stop here, will leave if ES < 1200 :eek:

Today (10/20)?

you mean seller return to the hole and hide ? This rally won't stop until all the buyers are in, this include the black eye hedge fund, small traders like ET ..:D

Try to outsmart market ? :D

I continue to hold my LONG position since yesterday. Anyone also LONG here since yesterday ? Or most of the ET here are try to be smart and begin to short after some fake short signal on monday ?

I close my long position yesterday to protect my profit. However, all my indicator show that the market will resume the BULL again for today (!!!) :confused: I am long in ES now although I believe a lot of Elitetrader here will debut my opinion. I am long again ! :D

The market still not yet sold off, it may be just a small pulse before it climb higher. I am still holding my long positions although I move my stop UP just to protect my profit. I doubt he will ever cover his loss or make any money, the magnitude of this drop may not as large as he expect...

This is because he put ALL his $$ as the FINAL bet to add to his loser NOW. If this fail (again), he blow up. :D

Hey, the market will make some retrencement eventually, but the question is that the magnitude of this pullback will be enough to cover ALL your loss ? :D

Market can be irrational for a long time. As long as we have people (like you and RTD) that think the market will head south, this mean we still have people in the sideline and the market will continue to go UP. The market, however, will head South when ALL the people are "in and long"...

Are you talking or dreaming ? The SP future is moving up from 4 points to 7-8 points now, Nikkei is holding up with 1.5% gain and so do most of the Asia markets, Europe will open higher (my best guess) due to all the "hope" (although it is merely fake hope) that the Europe Crisis will be over by...

My $0.002 advice: Technical speaking, we only two type of directional traders in this market, one is trend follower and another one is the person like you - counter trend. Each strategy work well in CERTAIN market condition. The trend follower get a hard time for the past 2-3 months as...