Afternoon bounce?

P

pumpanddumper

Stay the hell out long and wait for close at lows perhaps? No Bernanke pump speech...

Think I will hang on sidelines and wait for better bargains.

This is a good opportunity for perma-bears to really drive the market down and piss away last 2 days gains.
 
sold my calls..

i thought market will be up today but it getting worse...

currently i have 1 MA put and 2 MA call..

i will wait till 3.00 to see the direction of the market..

took $50 loss on calls today :(
 
At around 1PM, there was a massive cover and sucker rally trap. I just have a gut feeling it gets uglier into close.

I'm a pussy right now to make a play in either direction. Think I will just wait to go long over weekend if we really sell off in the last hour.
 
Bears can really have a field day into the close and press the action. I'd like to see a solid close under 12,600 and sub spooz 1400.

A day like late last Feb. is not out of the question. A 3-5% flush in the DOW in one day is due. We'll see what happens in last half hour of trading....
 
Quote from pumpanddumper:

Bears can really have a field day into the close and press the action. I'd like to see a solid close under 12,600 and sub spooz 1400.

A day like late last Feb. is not out of the question. A 3-5% flush in the DOW in one day is due. We'll see what happens in last half hour of trading....
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yea, I think thats what the market needs. A 5% + drop in a single day could be a positive for this market.
 
Some a-hole could start some BS .75 cut on the floor and f the bears though. Wouldn't surprise me....I'm staying on the sideline till about 3:50 to decide what I will do over the weekend.
 
Quote from pumpanddumper:

Some a-hole could start some BS .75 cut on the floor and f the bears though. Wouldn't surprise me....I'm staying on the sideline till about 3:50 to decide what I will do over the weekend.
More...

Just buy at the close if we sell off, the PPT won't let the market get below 1380 on the S&P, so not much downside risk.
 
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