Don't Get Shaken Out - Short the Market!!

Quote from piezoe:

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.
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agree w your outlook completely. just gonna have to take fed actions and their effects on the market day to day. less interference will make this scenario happen very soon imo. more intervention by fed/congress and it'll just take longer and the downside will be more severe.

gonna be fun too, playing this from long side when everyone in the world wants to dump. really gonna create an amazing buying opportunity. we're on the same page...
 
Quote from makloda:

I'd just keep adding 10 ES contracts short on every up tick. You're going to make a fortune. LMAO.
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makloda how broke are you?? haha. ive made so much green last week it was scary. i lightened up a ton friday afternoon - and YES, i am shorting this market here pretty good.

you stupid chump. you think this move here is any different - horrible news out today. everytime market gets here it goes right back down. but chumps like you always think, this time's different.

only thing im changing now is im shorting some financials in addition to retailers, mostly through puts.

you gonna go broke chump. you keep buying the market on days when its up 300 - and get that euphoric feeling like a little girl - and then sell everything and panic when it goes down. typical dumb money retail trader.

i like how you dissapeared from the thread when market was getting beat up. what a loser you are!
 
Quote from cmdtytrdr:
you think this move here is any different - horrible news out today. everytime market gets here it goes right back down.
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Listen to yourself. Trying to rationalize news and market moves? Market 'always' goes back down? No way you can fail can you.

It sounds like you will get their head handed by Mr. Market sooner or later. If not now, then another time around. Good luck.
 
Quote from makloda:

Listen to yourself. Trying to rationalize news and market moves? Market 'always' goes back down? No way you can fail can you.

It sounds like you will get their head handed by Mr. Market sooner or later. If not now, then another time around. Good luck.
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been trading for years, never had a losing quarter.

i can always make mistakes and be wrong. shorting financials here is risky, theyve gotten crushed - hence the put buying. im just giving my opinions on these threads, trying to share my advice.

i love your glee over the fact that i might lose money, sound like a typical jealous insecure guy, who hasn't made much.

anyway, if unemployement number is strong i'll probably cover a lot at a loss. i do see it as a short term catalyst to start another big selloff.

technically, this is a good spot to sell based on last couple months. we'll see whos right. generally speaking tho, you always come out w hedgefundtrader2 when markets up huge and say "buy, buy, buy" - i usually think at that point "sell, sell, sell".
 
Quote from cmdtytrdr:

been trading for years,

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Should you been trading for years you'd know that market is looking ahead.

Bad new today, tomorrow, ... whats new?

Market rallying on expectation that what FED has done so far is good enough for now. June- July it will look ahead again and at that time it will have to make a decision if what the FED has done is still good enough if yes market will keep moving higher if not we'll see new lows.

"been trading for years" food stamps?
 
Financials will suffer, we don't know how badly as most such estimates are far from real figures. A friend of mine just gone bankrupt leaving a mortgage company with a mortgage shortfall of $230,000. There are lots of people like him who have bought when mortgages were cheap without considering likelihood of them increasing. Their properties are now hitting open auctions where only bargain hunters remain, hence such low prices being achieved. ImO markets have not yet hit lows of this bear cycle, it's all to do with timing, which unfortunately I have managed to screw up amazingly today, even though I managed to identify direction of this current swing yesterday morning. What can I say? Asshole is an appropriate term :)
 
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