Boy Who Cried Bear Says We Are Going Down

[athlonmank8]

Quote from shortie:

E-mini S&P 500 (Dollar) Jun 10 1142.75 -3.75

looks good so far this Sunday evening.

the bears have the best shot if the could gap it down significantly on Mon. Longs may panic given the spring time change and the possibility of an unfavorable Fed's announcement on Tue.

That's what I'm hoping for. Took my position Friday.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=193604

 

[Ivanovich]

You're all in dream land. It's possible, I suppose, but we've been here before. It always gets bid up before open.

If you guys are expecting this to fall, it won't. Not unless you get randomly lucky.

 

[Lojanica]

Quote from Ivanovich:

You're all in dream land. It's possible, I suppose, but we've been here before. It always gets bid up before open.

If you guys are expecting this to fall, it won't. Not unless you get randomly lucky.

p. 25. Prechter 2nd paragraph, line 13: "a herding impulse governed by the phylogenetically ancient, pre-reasoning portions of the brain."

 

[Petsamo]

Aw, the futures are down. We have a nice dip for the bulls.

 

[Ivanovich]

Quote from Lojanica:

p. 25. Prechter 2nd paragraph, line 13: "a herding impulse governed by the phylogenetically ancient, pre-reasoning portions of the brain."

Yogi Berra - "It aint over 'till it's over."

 

[Ivanovich]

Futures creeping back up again. As always.

 

[lurefo]

Quote from athlonmank8:

This isn't a perma-bear/perma-bull issue.

Yes it is. These are permabear top calling threads and we've seen many of them since March last year. It shouldn't be a surpise to anybody that a lot of retail traders has been shorting this rally since day one and will most likely start buying when the bulls are over with them.

Shorts may be right this time but I think you get my point.

Best of luck to all.

 

[Lojanica]

It's true there have been fewer short opportunities since Feb 8th. Still many profitable moves, however, the cheerleading by a few longs would certainly fit the Prechter statement above.

GLTA

 

[S2007S]

More strength again, financials turned lower but 10 minutes into the trading day they reversed!!!!

 

[Ivanovich]

"cheerleading" should not be confused with "resignation" to follow the market despite how it "should" be performing. We're all aware how dismal things are on the economic front. We're all aware how bad the situation is with Greece, Dubai, Iceland, Ireland, the UK, the US, Japan, etc. We're aware of how overbought the market is. We're aware of valuations. None of it matters! It's rigged due to free money. If you're looking for a free market, it left town over a year ago. Sorry, pal!

The continued insanity of banging one's head against the bear wall just because the market HAS to do "something" is just that - insanity. Just continue to ride the market up and make money until you don't. I'd rather have 200 winning days and one loss than 200 losing days with one win just to say "See? I told you."

What part of manipulated is so hard to understand?

Hope everyone bought the "dip"!