Extremely Intresting Market Still Ahead: We Are At A Crossroad

Most Likely: New 2010 Highs or New Lows First?

  • New Highs Within 1-2 Weeks

    Votes: 13 13.3%

  • New Lows Within 1-2 Weeks

    Votes: 19 19.4%

  • New Highs Within 1-2 Months

    Votes: 12 12.2%

  • New Lows Within 1-2 Months

    Votes: 26 26.5%

  • Range Between 2010 High and Low For Months To Come

    Votes: 18 18.4%

  • I prefer not to say

    Votes: 10 10.2%
  • Total voters
    98
$SPX in euro is near the highs. It means in the eye of those outside the US, our market is quite resilient. Or it doesn't matter?
 
Quote from zuccol45:

$SPX in euro is near the highs. It means in the eye of those outside the US, our market is quite resilient. Or it doesn't matter?
More...

it could mean that EUR is a shitty currency. i am guessing it is better to use a basket of currencies to normalize $SPX
 
Quote from Bootsie:

Take a look at a chart of the June Euro futures and tell me what you see. I see a v. bearish trend that absorbed the "trillion dollar news" and continued on it's way. I see a US market overbought into resistance without being able to break for 4 days. I see the USD closing above highs today and from last thrus. I see the IWM getting silly stupid up... but most importantly, I see gold at all time highs - not by accident.

Since I posted this message, the ES has dropped 14 points or so. I'm short a boatload at 1167. I'll be trading around that position but will look to cover some around 1111.

http://randolphcapital.blogspot.com/

B
More...

Took 40 points in the ES today. Watch for a gap Sunday night...
 
Quote from shortie:

Today's rebound places the market roughly halfway between Apr top and Thur bottom (actually closer to the top but it is not clear to me where the actual bottom bottom was with all the trades busts etc.). One could make arguments for both long and short trades at this point and I think both cases have merits.

I think more upside is possible given the fact that VIX is closer to the level that historically was around bottoms rather than tops. Of course there is the scenario of the fall 2008 with VIX running totally out of control....

Exciting times! I am so excited I can hardly sit still (should be good for my hemorrhoids)

:) :eek:
More...

> Extremely Intresting Market Still Ahead: We Are At A Crossroad


everyday the market is interesting

we are at a crossroad everyday, LOL
 
there is a decent chance that we have bottomed out for the next 1-2 months. various charts are quite consistent with this. i do have enough doubts that prevent me from putting on a long position. but actually my doubts could be additional evidence that the pending up-move could be real.
 
Quote from shortie:

there is a decent chance that we have bottomed out for the next 1-2 months. various charts are quite consistent with this. i do have enough doubts that prevent me from putting on a long position. but actually my doubts could be additional evidence that the pending up-move could be real.
More...

Don't you only play the short side? Afterall, your name is shortie.
:p
 
You must log in or register to reply here.
Back
Top