I am short from 1372ish, have a pretty tight stop. If we get through here, I will watch and see what develops at around the 1400 level. If I get stopped out, no biggy, but I am certainly not going to get uber bullish as quite a few have around here. Happy trading, I will be in Augusta next week!
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Bulls are back- enough of this doom & gloom
- Thread starter HedgefundTrader2
- Start date
Quote from Aaron Copland:
No clear direction. Can't make heads or tails out of this market. I'm just not very good at range trading I guess.
I will say for the last three days we are holding at the upper end of this three month range. Still alot of nothing.
IF you are a BEAR you are clueless.
Those days of shorting the rallies seem like a distant past. Fridays you would sell off everything and head to the exits as if there in no tomorrow! Run to the hills, desperation, hopelessness, insecurity and sense of impending doom.
Today was different, even a poor job report was shrugged off and that tells you how the mind set of doom and gloomers have changed?
Quote from frank grimes:
I am short from 1372ish, have a pretty tight stop. If we get through here, I will watch and see what develops at around the 1400 level. If I get stopped out, no biggy, but I am certainly not going to get uber bullish as quite a few have around here. Happy trading, I will be in Augusta next week!
Stop fighting the tape. Lose your shirt. Your BEAR market set up is gone. The market shrugs off bad news. Today's job report should have done it hard but to your disappointment it didnot.
Go damage somebody else's charts...
Quote from HedgefundTrader2:
Stop fighting the tape. Lose your shirt. Your BEAR market set up is gone. The market shrugs off bad news. Today's job report should have done it hard but to your disappointment it didnot.
Go damage somebody else's charts...
It's not just news it is reality. The fed can't fight reality.
For all your talk I would love to see you post your positions. Is your money really where your mouth is? Are you long on this market or do you just like talking smack on the internet?
Quote from HedgefundTrader2:
IF you are a BEAR you are clueless.
Those days of shorting the rallies seem like a distant past. Fridays you would sell off everything and head to the exits as if there in no tomorrow! Run to the hills, desperation, hopelessness, insecurity and sense of impending doom.
Today was different, even a poor job report was shrugged off and that tells you how the mind set of doom and gloomers have changed?
Comment was not for me so I appologize for cuting in front.
I am not a BEAR I am a day trader.
Take a look on a charts from 2000-2001 and you will find many similarities because bear market rallies are always sharp on a lower volume due to a short covering.
Quote from balda:
Comment was not for me so I appologize for cuting in front.
I am not a BEAR I am a day trader.
Take a look on a charts from 2000-2001 and you will find many similarities because bear market rallies are always sharp on a lower volume due to a short covering.
This never was a BEAR MARKET. SPX never traded below 1252 from October highs. There has never been a 20% decline to officially call it bear market.
All we had was a bunch of doom & gloomers destroying their own charts and wealth in America. These self destructive bastards are still out there with those dark intentions to pull the temple down on their heads and everybody esle's.
Try shorting this market action ? I dare you will get your pants off in the market place.
There has not been a recession yet!
No one can substantiate a thing. They all say and want to believe in a recession and they are deluded to a great extent from the actual reality at hand.
Quote from balda:
I am in a same boat with you. I was expecting for market to sell off after the payroll numbers to gain momentum for a break out. Now it looks like it is losing a lot of energy against resistance, just getting more overbought.
Overbought is a natural cycle of markets and healthy profit taking goes hand in hand, meaning stocks pull back a little and new buyers who could not get in have a chance to get in and trade.
Vicious sell offs and relentless selling for days and days kills charts and these are the charts that you make a living. If you obliterate it there is not a fig leaf left to hide your balls , let alone make a living!
We see a huge amount of damage to charts of great compnaies like AAPL, GOOG, BIDU, RIMM, AMZN and hunderds of others and its a shame that you have use your anger and hopelessness and tear down the covers.
Quote from HedgefundTrader2:
There has not been a recession yet!
No one can substantiate a thing. They all say and want to believe in a recession and they are deluded to a great extent from the actual reality at hand.
No real money is made waiting for the government to give you bad gdp #'s. A negative GDP for Q1 is imminent. Are you really going to wait for two quarters until late July / early August to admit where all the signs point.
Your funny HFT2, you rip daytrading, yet daily you promote your side. Real long term traders would never worry and overplay a few weeks of side to side action, they would just accumulate and wait. Again your mouth shows your not holding anything real. You wait on a gov produced #, while the rest of us trade the market day to day and position for the overall trend based on the reality in front of us.
Rather than trade daily posts. I say I got a c-note that says q1 gdp is negative. Put that green where that ego is?
Quote from bdon:
No real money is made waiting for the government to give you bad gdp #'s. A negative GDP for Q1 is imminent. Are you really going to wait for two quarters until late July / early August to admit where all the signs point.
Your funny HFT2, you rip daytrading, yet daily you promote your side. Real long term traders would never worry and overplay a few weeks of side to side action, they would just accumulate and wait. Again your mouth shows your not holding anything real. You wait on a gov produced #, while the rest of us trade the market day to day and position for the overall trend based on the reality in front of us.
Rather than trade daily posts. I say I got a c-note that says q1 gdp is negative. Put that green where that ego is?
We trade in every type of category including daytrading and scalping if you will call it and I loathe that word myself.
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Why so much distrust in US Government and Feds? If you do not like them go live in Tibet and Bhutan and dine with the villagers baking cow dung patties for a living.
There hasn't been a single negative quarter of GDP economic growth since 2002 in the US! Do your research before you talk. Yet we see major destruction of companies stocks and charts. Companies like GOOG, BIDU, AAPL, RIMM, CF, DRYS, and 100s others? What was that about?
Manifestations of anger and hopelessness?
Quote from HedgefundTrader2:
We trade in every type of category including daytrading and scalping if you will call it and I loathe that word myself.
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Why so much distrust in US Government and Feds? If you do not like them go live in Tibet and Bhutan and dine with the villagers baking cow dung patties for a living.
There hasn't been a single negative quarter of GDP economic growth since 2002 in the US! Do your research before you talk. Yet we see major destruction of companies stocks and charts. Companies like GOOG, BIDU, AAPL, RIMM, CF, DRYS, and 100s others? What was that about?
Manifestations of anger and hopelessness?
I never said there was negative gdp since '02. The q4 '07 # troubles me and my opinion of the reality of the reported number, but the market rallied well into October so who's to say the consumer didn't as well. I said c-note on q1 '08. No reply to that I see.
Even in a bad situation like the one this country is facing there are going to be good companies with good products, who see unwarranted sell off. Liquidations of winning positions are needed to cover margin calls and ego's on losers.
I have a fair amount of earned distrust for Curious George and his merry band of Christian Reich followers. Any guy who can stand their mid march with all the info and say things are fine, is either a liar or a complete puppet.