SP500/FTSE/DAX overextended intra day charts give further choppy bearish warning.
http://twitter.com/grandsupercycle
http://twitter.com/grandsupercycle
Attention: I am now short!
- Thread starter chaosclarity
- Start date
Hey guys, stand back and you might learn a thing or two versus throwing your two bits into the thread.
Down we go!
Substantial USD selling returns which props stocks so bears be careful.
The Dow has risen over 1,000points (about 10%) straight without a pullback,
meaning that its now extremely overdone upwards and so it WILL drop 150-200points, most likely tomorrow or on monday.
The upside is extremely limited now VS the huge potential for a drop back,
so only a total complete fool would be entering long trades now.
Although the smart people are NOT selling dow today at this level,
we made our money by shorting Crude Oil (the weaker market, which just follows the dow pip for pip) yesterday evening!
meaning that its now extremely overdone upwards and so it WILL drop 150-200points, most likely tomorrow or on monday.
The upside is extremely limited now VS the huge potential for a drop back,
so only a total complete fool would be entering long trades now.
Although the smart people are NOT selling dow today at this level,
we made our money by shorting Crude Oil (the weaker market, which just follows the dow pip for pip) yesterday evening!
My guess:Quote from antelope:
This is unreal, somebody is holding up the market. Do they have news on QE3 or is it pure manipulation?
The market will move from today's low to close higher( not surprise it even land in positive territory ). Tomorrow and next week the market will go higher and higher again.
The reason behind is those black eye losers(those hedge fund who loss big recently) and herd(classic stupid buyer) that ran away recently when market tanked are coming in, and those buyers are the one that supporting the market at the moment. Same story as in Q3 in 2009.
bad idea
bad idea boss