bull market has resumed

Quote from nitro:

The 1190 looking good now. Holding it, so it remains to be seen what actually happens. May sell the 1180 again to reduce risk and look for an expiration between 1190 and 1180. Will make that decision based on intraday feel.

I added long the Dec 1275 call to my macro play. Will trade in and out of the Dec 1290 call against the 1275 if we go higher to reduce risk to the upside.

nitro
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Glad one of us was right :)
 
I am definately feeling bullish on the spx back into the 1215 area within the next week after hitting todays low. Any one is else with me?
 
only thing that scares me is the fact we took out the 9/22 low .

Overall went flat on the open but model still looking to go long with a current cash position. It's a sitting game for me now.

Also exited my ira but at the close since I was in a rydex fund.... I cant wait until they come out with leveraged and inverse etf's on the nasd 100.

Nick
 
Nice volatility!!!:D

Down for the year!!!

Looks like perhaps we may blow out a few narrow range mean reversion traders!!!

Good luck.
 
Quote from balda:

From late august till now Nasdaq made lower low and lower high. If it goes below 9/22/05 low it will be second lower low and second lower high.

Very sorry to interrupt this thread.
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Did nasdaq just made second lower low and lower high?

There are more stocks hitting new LOW for the year than new high.

You want more TA instead of EW just say so.
 
Quote from gharghur2:

Glad one of us was right :)
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Are you so attached to your methods that you only come out of the woods when you are right?

You were wrong - it happens and it will happen again if you trade. I think that at least the lesson you learned is worth recounting here. That's what I hate about all these prognosticators - they can't admit that no one knows what is going to happen six minutes from now, let alone days and weeks from now. We put our money down, and we get to play.

I added the L Dec 1250 call to my L Dec 1275 call position. Took profits on the L Oct 1190 put. I am in THE HOUSE OF PAIN on all my "long-term" Long positions.

nitro
 
Nitro,

I didn't say I was right ... I wasn't, and was the first to admit it!

When I look for a bottom in a market, I may miss the first time or even the second time. Being wrong is just being early. And, if I get out with little damage all the better.

I'm long here too! Added on early today, and at the close.
Catching major turns is what I do best. Good luck 2 us both!
 
Quote from nitro:

Are you so attached to your methods that you only come out of the woods when you are right?

You were wrong - it happens and it will happen again if you trade. I think that at least the lesson you learned is worth recounting here. That's what I hate about all these prognosticators - they can't admit that no one knows what is going to happen six minutes from now, let alone days and weeks from now. We put our money down, and we get to play.


nitro
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Nitro . . .

In case you missed it, Tony admitted that he was WRONG back on Page 12 of this thread dated, OCT. 4th. Please do us all a favor and read thru the entire thread before bashing someone that admitted that they were wrong 7 full trading days ago.
 
Quote from Apex Capital:

Nitro . . .

In case you missed it, Tony admitted that he was WRONG back on Page 12 of this thread dated, OCT. 4th. Please do us all a favor and read thru the entire thread before bashing someone that admitted that they were wrong 7 full trading days ago.
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I didn't miss anything. What I was referring to is that when the markets were going up, he was in here everyday posting the wave counts. Now that the markets are going the exactly opposite direction, no more posts.

I have no problem with anything, least of all being wrong - trust me, I am an expert at being wrong.

nitro
 
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