Don't Get Shaken Out - Short the Market!!
- Thread starter cmdtytrdr
- Start date
yes it does! im up huge last few days, its so sweet. a couple of my shorts didnt budge yesterday but got killed today. i have only covered a little. i hope monday isnt bullsh*t eoq up day. unemployement number friday i think could get real ugly, im staying short. so tempting to take big profits tho
As goes January goes the year!
Got SKF?
Quote from cmdtytrdr:
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its over benny. youre done. let the free markets work - you gave it a good attempt, but its time to throw in your hand. dont buyout mortgages you'll just bankrupt the fed...
s&p 1250 is a chip shot from here
It does seem that we are ready to drop below the S&P upper trend line again. We left that gap up on March 18th from 1276 to 1302 open and it may be time to fill it. When we do, it won't be a chip shot to 1250, but rather a birdie putt. Ever mindful that the squeezes can get viscous on the way down, to quote an infamous American, I say: "Bring'em On!," every squeeze is another opportunity to short. We are down nicely today (Congratulations cmdtytrdr!). Let's hope for a a nice, big, juicy squeeze on Monday so we can short some more!
Quote from piezoe:
It does seem that we are ready to drop below the S&P upper trend line again. We left that gap up on March 18th from 1276 to 1302 open and it may be time to fill it. When we do, it won't be a chip shot to 1250, but rather a birdie putt. Ever mindful that the squeezes can get viscous on the way down, to quote an infamous American, I say: "Bring'em On!," every squeeze is another opportunity to short. We are down nicely today (Congratulations cmdtytrdr!). Let's hope for a a nice, big, juicy squeeze on Monday so we can short some more!
i covered some today. some of my stocks are down 15% from highs earlier this week! the moves in retailers are totally insane.
so i got my ammo ready and am gonna short any big rally on monday. friday will really be a significant day.
at 1250 im gonna cover a bunch tho...bernanke put frightens me...
Yes, i agree that there should be some strong resistance in the 1250-1270 area. Eventually we will go lower, but i too expect strong resistance there.
As more and more moms and pops take a look at there 401's and IRA's they will start to think of moving everything to money market,and as that happens there will have to be more fund sales to generate cash for redemptions. At some point this will build to a crescendo . And then, all the moms and pops will panic and we will get a great buying opportunity. In the meantime we can just ride these markets down and let the big funds drive them lower and lower as they liquidate assets in response to redemption requests.