Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?

What's Your Short-term View?

  • Very Bullish

    Votes: 10 14.3%

  • Bullish

    Votes: 21 30.0%

  • Flat

    Votes: 15 21.4%

  • Bearish

    Votes: 15 21.4%

  • Very Bearish

    Votes: 9 12.9%
  • Total voters
    70
Quote from tradingjournals:

You become bear yesterday, now you are back to unsure? :D
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No idiot, do you read? I said I became cautious yesterday and went back to not very cautious after the dip yesterday and I became uberbullish this (European) morning.

Whatever. Why don't you go ahead and short this market and see what happens.
 
Cautious is not a position... It is either: no side, long or short. You cannot be on the fence, and flip flop after the fact. You were bull on Monday, and became bear yesterday after europe went down since Monday. Today you become unsure to bullish.
 
Quote from tradingjournals:

Cautious is not a position... It is either: no side, long or short. You cannot be on the fence, and flip flop.
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I have been long, which is something I haven't stopped doing, cautious or otherwise. I've not been bearish on the markets since the middle of june or something, maybe even a bit earlier. "Cautious" just means that if the market doesn't do what I want to see it do I am preparing to bail on my position. It takes massive mental firepower for me to admit that I was totally wrong about anything so I better prepare myself when I see the possibility of having to do something drastic such as that coming up.

Now in this case the market did exactly what I wanted it to do so I went ahead and got even more long exposure around 6am EST.

I'm happy to share but wtf do you care anyway. Worry about your own trades instead, maybe? I'm not making calls here to impress anybody (and I have been totally wrong in the past as well as some may remember from 2010), just to pass the time and so I have some filling for all the nonense I write here. Please stop associating me with positions I've never taken. Alternatively there is always the ignore feature.
 
Quote from Locutus:

..Right now we're seeing some pretty phenomenal down pressure on the markets given the situation we're in, in Europe. Banks are getting hit very hard across the board.
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You wrote the above after Europe selling. Is that bull, bear or undecided/flipflopper/bullcrap? If bull how did you hold the longs given the above opinion? Notice that your post was discussing Europe which you stated (just few days ago) had the best fundamentals.
 
Quote from tradingjournals:

Is that bull, bear or undecided/flipflopper? If bull how did you hold the longs give the above opinion? Notice that your post was discussing Europe which just few days ago you stated had the best fundamentals.
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Because every time the trendmonkeys decide to take on the financials I need to sell with them? Please... It's a comment on the current state of the markets, not about the future direction of it which is, as you seem not to realize, generally unpredictable.

Europe still has the best fundamentals, that doesn't mean the market is going to go that way.
 
Quote from tradingjournals:

qqq at 59.04. Is a retreat around the corner?
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Yep

It is RIGHT around the corner!

So are you going short today? If so, what stock or index
 
Does anybody have experience with that sentiment thing at www.finviz.com? I guess it could be good as a contrarian indicator? It's been totally bearish for the past week or so almost all day every day.
 
By the way, the http://www.bloomberg.com/apps/quote?ticker=BFCIUS:IND financial conditions index is almost at new post 2007 highs. Not an insignificant datapoint considering it does give a decent indication of stress on the financial system in the US.

It's clear that the US financial conditions are not suffering due to greece or the debt ceiling. I'm not familiar with any method of measuring European banking stress except maybe Euribor and that owuld be telling the same story.

Why is everybody so quiet today? The S&P 500 is going for more than a full percent increase. Not really nothing I'd say!
 
Quote from iceman1:

Yep

It is RIGHT around the corner!

So are you going short today? If so, what stock or index
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qqq at 59.30 area. I think I am going to try to scale in. So we trust you are a buyer at this price and higher?

59.30 area is the 52 week high. So you can say, I am getting in front of a bull with long horns.
 
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