Anatomy of a retreat/selloff

riskfreetrading · May 6, 2009

Models are telling us that a retreat is about to start on SPX/SPY. With SPX at 914, models are saying retreat is less than 5 points away or 0.50 on SPY (On May 06, 2009, at around 12:30PM). But it can also turn to a break out. Nothing is sure.

How does the beginning of a retreat looks like to you? It can be confusing because the turning point can also be looked at as a breakout (when you look at it from the left side).

Your views/comments?

Clubber Lang · May 6, 2009

Quote from riskfreetrading:

Your views/comments?

You have posted everyday for the last 2 weeks calling for a selloff.

Eventually you will be right, and your demo account will be rewarded.

krazykarl · May 6, 2009

Quote from riskfreetrading:

Models are telling us that a retreat is about to start on SPX/SPY. With SPX at 914, models are saying retreat is less than 5 points away or 0.50 on SPY (On May 06, 2009, at around 12:30PM). But it can also turn to a break out. Nothing is sure.

How does the beginning of a retreat looks like to you? It can be confusing because the turning point can also be looked at as a breakout (when you look at it from the left side).

Your views/comments?

You don't have any models. Stop talking and read more before posting.

S2007S · May 6, 2009

I think a retest of 850 is in the cards, there after my prediction of the 10-15% drop should take us to 750 on the s$p.

Landis82 · May 6, 2009

Quote from S2007S:

I think a retest of 850 is in the cards, there after my prediction of the 10-15% drop should take us to 750 on the s$p.

Please post a "screen-shot" of your shorts that will benefit from your prediction.

[Proximo] · May 6, 2009

You called the top on NQ about 40 away from the high.

You fucking idiot.

krazykarl · May 6, 2009

Quote from S2007S:

I think a retest of 850 is in the cards, there after my prediction of the 10-15% drop should take us to 750 on the s$p.

we are drifting to 1050 in the next 4 months. I've been saying this for 3 weeks - if we took out 875.

S2007S · May 6, 2009

Quote from krazykarl:

we are drifting to 1050 in the next 4 months. I've been saying this for 3 weeks - if we took out 875.

I think before 1050 your going to see some type of retreat in the markets, 850 before 1050 in my opinion, I think 750 before 1050 as well, the only catalyst this market has is the trillions of dollars being thrown at it, things may bump up but longer term I see nothing positive about this economy going forward.

riskfreetrading · May 7, 2009

Those insults should be in favor of a bear case. Market should give a response today.

noddyboy · May 7, 2009

Give me one reason why longs won't take some profits off the table at this point...