Boy Who Cried Bear Says We Are Going Down

[Ivanovich]

Quote from Lojanica:

I know, I know but with this low volatility march higher I was bored. Thanks for reminding me of my stupidity.

So does QE end at QE? That's the conundrum.

QE MBS ends at QE MAR! Yes.

 

[athlonmank8]

Quote from Ivanovich:

Selling is foolish. Anyone who bought the dip (myself) on open looks pretty good right now. My hand is on the sell button, but won't do it until either:

1. End of the month (and QE comes to an end)
2. Convincing selling breaks key support.

Until then, it's business as usual. And business is good.

Anyone who sold short the open is doing very well right now.

Luckily for myself it was one of the biggest positions i've ever taken.

 

[shortie]

Quote from S2007S:

Lowest Level since 1963

yes, but the cold weather discouraged buyers. i am starting to realize that this winter must have been freaky cold. it discouraged home buyers, job seekers and who knows whom else.

 

[Ivanovich]

Quote from athlonmank8:

Anyone who sold short the open is doing very well right now.

Luckily for myself it was one of the biggest positions i've ever taken.

I am 100% honest and sincere when I say I hope it works out for you, mate. I just don't think it will given the past. But that's not to say this isn't the time it changes.

I would love nothing more than to get back to a market that makes some sort of sense.

 

[shortie]

VIX is through the roof on hardly any SPY drop. this is suspect: too much fear for the real drop to take place today.

 

[athlonmank8]

Quote from Ivanovich:

I am 100% honest and sincere when I say I hope it works out for you, mate. I just don't think it will given the past. But that's not to say this isn't the time it changes.

I would love nothing more than to get back to a market that makes some sort of sense.

Thanks. I'm not saying this will be the end of the rise. We could could literally go thru the 07 highs IMO. But this is going to be an area where I can short safely and know that a tight stop is all I need.

Stops: First one's above today's high now (1/2) and then the other's above yesterday's high (1/2). If it closes near the open today or above i'm out 1/2.

I'll be back in on any other sign of reversal.

1/3 comes off @ 1R so if we get a hair below the lows, i'll be reducing this position.

 

[Ivanovich]

And there it is. the inivisible hand that lifts markets again back to the highs of the day with no volume. buy all dips.

 

[Ivanovich]

Wow! We closed down! Looks like you made a good call. Of course this means we'll just go up 200 tomorrow

 

[Ivanovich]

And futures up, almost as much as what was erased. Heh...

 

[S2007S]

Waiting for the reaction from this mornings job numbers.

Should boost the dow to 11k by 10am.