Extremely Intresting Market Still Ahead: We Are At A Crossroad

[S2007S]

Quote from shortie:

no comments on high put/call and high VIX? given the level of fear, odds are we have seen the bottom and are ready for a bounce (rally for a couple of days at least).

put/call is back to 2007-08 levels BTW.

Yea I think some upside is due in these markets, I went long SMH for a bounce back to $28.50-$29 area.

 

[Lojanica]

Famous last words. Long at 1100 even.

 

[shortie]

Quote from shortie:

my proprietary reasonably sophisticated neural network projects a short-term bottom (should hold for ~1 week at least) tomorrow SPY ~109.8

Futures are dropping:
E-mini S&P 500 (Dollar) Jun 10 1107.75 -11.00
E-mini NASDAQ-100 Jun 10 1872.75 -15.25

Mark this post!

Quote from shortie:

moving support to SPY ~108.7

current SPY 110.6

the bottom is near, i can smell it already

***correction*** ~108.7 level was wrong because i made an error in my calculations.

i am sticking to my original 109.8 level. i am likely to be proven wrong even as i am typing this but i will stick to my prediction.

current SPY 109.4 pre-market

Buy the dip, you pikers!

 

[Lojanica]

Quote from Lojanica:

Famous last words. Long at 1100 even.

I am buying in 20 pt increments ....

 

[Ivanovich]

Quote from shortie:


Buy the dip, you pikers!

No, f'ing way. Not after a 1100 break. Flee, flee! Rome is burning.

 

[noddyboy]

Quote from Petsamo:

Noddyboy, let's not get nitpicky. These technicals are not that reliable - period. How many times have you seen a dragonfly doji accurately predict a coming upmove? You don't want to play, stay long on your gold!

Now we hit the real 200SMA finally, and we can buy the dip...

 

[Ivanovich]

Quote from Ivanovich:

No, f'ing way. Not after a 1100 break. Flee, flee! Rome is burning.

Toldja!

You can buy the MA dip like Noddy said, but you'd better not hold it for too long.

 

[Dan Dierdorf]

5/18 9:22 AM

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.

5/18 8:45 PM

Quote from shortie:

my proprietary reasonably sophisticated neural network projects a short-term bottom (should hold for ~1 week at least) tomorrow SPY ~109.8

Futures are dropping:
E-mini S&P 500 (Dollar) Jun 10 1107.75 -11.00
E-mini NASDAQ-100 Jun 10 1872.75 -15.25

Mark this post!

Marked

5/19 11:50 AM

Quote from shortie:

moving support to SPY ~108.7

current SPY 110.6

the bottom is near, i can smell it already

5/19 8:53 PM

Quote from shortie:

no comments on high put/call and high VIX? given the level of fear, odds are we have seen the bottom and are ready for a bounce (rally for a couple of days at least).

put/call is back to 2007-08 levels BTW.

Might as well make another 2 calls for a bottom today shortie. You are bound to be right one of these days!

Trading at its finest folks.

 

[Ivanovich]

Quote from Dan Dierdorf:

5/18 9:22 AM


5/18 8:45 PM

Marked

5/19 11:50 AM


5/19 8:53 PM


Might as well make another 2 calls for a bottom today shortie. You are bound to be right one of these days!

Trading at its finest folks.

Was the same with the top calls, why change strategy!

 

[shortie]

Quote from Ivanovich:

Was the same with the top calls, why change strategy!

exactly!

i pronounce my 109.8 call officially wrong since we have traded almost 2% lower.

indeed, i intend to keep making my calls until i get one right. one thing i adjusted since my 30 wrong short calls in a row fiasco: for now i only take short term swings at the market. i am positive 2/3 last days (including today), i am mainly buying dips and i am flat at this second but will be buying any reasonable dip for a quick profit.