Get Out Now!

Quote from feng456:

Why are you acting like you saw this drop coming? Your prediction for a major selloff was for 4+ days ago during this past weekend. That's like me saying the markets will rally tomorrow and then a week later if it finally does I say "i told you so".
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YOUR RIGHT. I ONLY STARTED A THREAD CALLED GET OUT NOW AND FOLLOWED IT UP WITH DAILY POST SAYING TO LIQUIDATE LONGS. I ONLY POSTED MY OPINION DAILY SINCE I STARTED THIS THREAD. STOP HATING AND MAKE SOME MONEY ON THIS DOWN MOVE.


NEXT YOU WILL SAY THAT I DID NOT POST THIS JUST YESTERDAY................

08-17-11 08:52 AM
THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, August 16, 2011


Today's Price Action


Change -12.0000 (-0.54%) prices closed lower than they opened. with strong Bids going into the close.


A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


MARKET SENTIMENT

PulseScan Swing Vix


PulseScan: -7.92
Swing Vix: -9.81


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 5 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.


*The last signal was a Over-Sold Buy 5 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.

*Since the last Swing Vix signal, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 1.25% , and has ranged from a high of 2,211.50 to a low of 1,972.25.


MOMENTUM


MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,091.41.


TREND STRENGTH - ,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.35




INTRADAY PRICE PROJECTIONS
RESISTANCE 2,213.64 -


SUPPORT 2,161.11 - GO SHORT here 2,141.83 - place stoploss here 2,237.33


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,467.50-


PulseWave BreakOut SUPPORT - 1,906.50- GO SHORT here 1,906.50 place stoploss here 2,237.33


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,091.41
Long term Trend Line support is currently at - 1,747.32
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,059.14


VOLATILITY
On 8/16/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed
above the lower band by 32.7%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.

:D


............OR THIS

Quote from Vulcan Trader:

NQ FUTURES JUST TOOK OUT THE OVERNIGHT LOWS.
SELLING PRESSURE IS PICKING UP. COULD TAKE OUT THE LOWS BY THE END OF NEXT WEEK.
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VXX Calls today..........nice!!! Move out of the way QE Ben, it is time for a market wake up call. The Bear fur is standing on it's ends.:D
 
Quote from feng456:

Why are you acting like you saw this drop coming? Your prediction for a major selloff was for 4+ days ago during this past weekend. That's like me saying the markets will rally tomorrow and then a week later if it finally does I say "i told you so".
More...

Vulcan posts a lot of losing trades ( kind of like GrandStuperCycle ). Its just a given. Even taking into account today's "sale", my TSX long call was more profitable then any of these nonstop shorts these two idiots keep posting.

I suspect this consolidation phase will end soon; there aren't many sellers left, EliteTrader will soon be back to people blaming everything under the sun for rising markets EXCEPT valuation.
 
Quote from Nine_Ender:

Vulcan posts a lot of losing trades ( kind of like GrandStuperCycle ). Its just a given. Even taking into account today's "sale", my TSX long call was more profitable then any of these nonstop shorts these two idiots keep posting.

I suspect this consolidation phase will end soon; there aren't many sellers left, EliteTrader will soon be back to people blaming everything under the sun for rising markets EXCEPT valuation.
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Somehow I think this is going to be a post to remember.
 
Quote from Tsing Tao:

Somehow I think this is going to be a post to remember.
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JUST IGNORE THAT IDIOT. HE IS A LOSER AND HAS NOTHING ELSE BETTER TO DO WITH HIS TIME EXCEPT HATE ON THOSE OF US THAT ACTUALLY MAKE MONEY IN THE MARKETS. I WILL PUT MY BROKERAGE STATEMENTS AGAINST HIS ANY DAY!!!
 
This is from yesterday, I didnt catch the show but I did read this just now and I am laughing because of how positive most of these guys were yesterday afternoon only to wake up and see the markets down close to 5%, They think that because the market is down so much that its a buying opportunity, just like stocks go higher and can go even higher after being overbought the same thing can happen on the downside.

Doug Kass paid $13.00 for XLF now trading down over 4%, now of course this ETF is going back to $13+ but now he down a whole 4% in one day!



Doug Kass Hits ‘Buy’ Button – Says 'Selling Is Overdone’
Published: Wednesday, 17 Aug 2011 | 1:45 PM ET
Text Size
By: Lee Brodie
Producer


Strategic investor Doug Kass tells us he just paid $13 for the XLF [XLF 12.425 -0.585 (-4.5%) ]. He thinks banks can rally a quick 10-15 percent. The selling is overdone, he says.

”I can see where Doug’s coming from,” adds Fast trader Brian Kelly. “They have gotten beaten up so much.”

When Kass and Kelly say overdone and beaten up, they’re not kidding.

For the month the Bank ETF is more than 10% lower. And that kind of pullback is hardly unique to the banking sector. Over the past month or so, investors have punished many, many stocks; consumer discretionary names [XLY 34.71 -1.64 (-4.51%) ] have slipped about 10% and industrials [XLI 29.72 -1.60 (-5.11%) ] are down more than that.

”Across asset classes there’s a bear market in risk,” muses trader Brian Kelly.

Largely all the selling is tethered to concerns that the US may be slipping back into recession. The funny thing is -- someone forgot to tell Corporate America.

Companies from Deere [DE 70.76 -3.50 (-4.71%) ] to Target [TGT 50.39 -0.16 (-0.32%) ] reported better than expected results. And Staples [SPLS 13.60 -0.69 (-4.83%) ] CEO Ron Sargent says "I'm not an economist at all but from what I see we have no chance at another recession... I don't have any worries about a double-dip at this point."

Nonetheless stocks [.SPX 1144.77 -49.12 (-4.11%) ] rolled over on Wednesday, providing a catalyst for Doug Kass to hit the buy button. Are the market’s concerns about a double dip over done – should you buy when so many others are fearful?

Instant Insights with the Fast Money traders

Trader Jon Najarian believes fear may be trumping fundamentals - and agrees with Kass that the selling is largely overdone. Najarian, however, thinks its overdone across the entire market and points to results from Target, Staples and even Apple [AAPL 365.62 -14.82 (-3.9%) ]. “Revenue numbers are strong and they’re strong both here in the US and abroad. Consumers are still buying.”

Trader Zach Karabell is also cautiously optimistic about the market. “Target, Staples and Apple show us that there are areas of the economy is thriving,” he says. “We spend a lot of time talking about the problem areas (of the economy) yet we tend to gloss over areas of strength.”

Trader Brian Kelly is more cautious. “In the UK 10-year bonds hit their lowest yield since 1989,” which he takes as a sign that investors still prefer safety to risk assets.

And looking at the financials, he adds “I can see where Doug Kass is coming from, but that doesn’t mean it’s time to buy the financials and load up the truck forever.”

Trader Stephen Weiss is on the other side entirely; he's bearish. Weiss is concerned about the weakness in Europe as well as the weaker than expected results from Dell [DELL 13.78 -0.42 (-2.96%) ]. “As far as I can see, there have only been a couple data points that have been positive,” he says.

What do you think? We want to know!
 
Vulcan stop worrying. Obama is working on this. He and Holder are out there pressuring banks to lend more home loans and use food stamps as collateral. These forward thinking fearless leaders will fix it. Did you get long crox yet? Plastic shoes, my friend. Plastic shoes...
 
Quote from Vulcan Trader:

JUST IGNORE THAT IDIOT. HE IS A LOSER AND HAS NOTHING ELSE BETTER TO DO WITH HIS TIME EXCEPT HATE ON THOSE OF US THAT ACTUALLY MAKE MONEY IN THE MARKETS. I WILL PUT MY BROKERAGE STATEMENTS AGAINST HIS ANY DAY!!!
More...

How's that insane asylum you live in working out for you ?
Keep dreaming about the world collapsing just because you post it.
 
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