Bull Trapping Part II or Sell the Bounce

duard · Jun 12, 2006

Quote from FaderTrader:

As always in the markets, nobody is right.

Doubtful we'll go to 10,000 or 12,000 this year.

And if we end up at either, it's going to be after a solid head fake in the opposite direction. Why not just trade a strategy that doesn't allow you to get shaken off in either case.

*ahem* The Logical Trader by Marc Fisher.

Thanks.

I like to align my head as to macro conditions. These "calls" were not trades per se but ideas which when used properly allow one to operate within a framework. I suppose the theme since 4/30 could be summed up into one word --- "SELL" That should be easy to see from the posts. As to entry and exits we all have our ways, yes?

Good Luck

FaderTrader · Jun 12, 2006

Quote from duard:

Thanks.

I like to align my head as to macro conditions. These "calls" were not trades per se but ideas which when used properly allow one to operate within a framework. I suppose the theme since 4/30 could be summed up into one word --- "SELL" That should be easy to see from the posts. As to entry and exits we all have our ways, yes?

Good Luck

I don't follow. Could you please clarify?

duard · Jun 12, 2006

Investopedia:

Top-Down Investing

What does it Mean?

An investment approach where an investor looks at a country's economy before considering an industry to invest in. Next, they determine what industries or sectors will return well because of the economic conditions and, finally, they then buy stocks that are attractive within that industry.

Similar strategy for my short-term approach. Macro to micro. Then apply my strategy. Keeps me on the "right-side" of the market.

duard · Jun 13, 2006

Sawwwwwwwweeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeettttttttt!!!!

Commericals are gonna make the little longs sweat hard, puke, and cough!!!

Make that DID make the little longs sweat hard, puke, and cough!!!

duard · Jun 13, 2006

"Global equity meltdown costs investors $2 trillion"

http://news.yahoo.com/s/nm/20060613/bs_nm/markets_equities_global_dc_1

First sign that relief rally is in the making.

1215 ES target for turnaround

JMHO

newbunch · Jun 13, 2006

Quote from duard:

"Global equity meltdown costs investors $2 trillion"

http://news.yahoo.com/s/nm/20060613/bs_nm/markets_equities_global_dc_1

First sign that relief rally is in the making.

1215 ES target for turnaround

JMHO

I'll buy when the headline says "Markets collapse, world financial disaster"

duard · Jun 13, 2006

Quote from duard:

First sign that relief rally is in the making.

Methinks a relief rally not a turnaround. A substantial multi month correction will have relief rallies which can be quite violent.

Good for trading.

duard · Jun 14, 2006

Quote from duard:

Methinks a relief rally not a turnaround.

My target was 1215 in the spoos but we had a legit turn at 1230. There has been selective buying for 2 days now on the dips. If this move gains traction we could have a meaningful move up.

Tommorrow will be interesting.

Nothing more to say.

duard · Jun 16, 2006

Quote from duard:
relief rallies which can be quite violent.
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Was that sufficiently violent?

Can you supersize that trading range?

I flattened.

duard · Jun 16, 2006

Flattening was good.

There have been some nice trades here lately if you followed any of them. First a big correction than a relief rally. Today was a split day essentially with a downward bias and was relatively predictable, hence the flattening call this am. Although clearly plenty of money was available to well timed intraday sells. In any event right now I'm a sitter awaiting more market data before I risk my capital. A good time to take a few days off.

Good Luck.