shorts are toast
Right here is a good low risk short...just poked above the Thursday highs in ES...
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Right here is a good low risk short...just poked above the Thursday highs in ES...
take it. Take it. TAKE IT!
take it. Take it. TAKE IT!
did with a small options play...
still, in a rangebound market is it productive to get really bullish into resistance and really bearish into support?
Honest - I like.
Agree in part...It goes back to what I said earlier in the thread...that this is a rolling chop lower that basically squeezes the shorts out of the market on low to no volume only to resume selling...Also alot of hijinx with vix and the other gameable volatility indicies...
Look at all the divergences, just like what we saw back in 2000 and perhaps to some extent in 07/08...NDX breaks out to new highs, DOW breaks into a downtrend below 200dma, SPY is rangebound and smallcaps (and especially Russell Value) are more closely aligned with the DOW...and as others have noted, a few glam stocks are gunned to extreme highs to mask the damage of the other 90% of stocks out there.
just like what we saw back in 2000!!??
insane:eek:
if 2000 taught anything it's don't buy tops
insane:eek:
if 2000 taught anything it's don't buy tops
EURO off the high..they know
this is in slow motion compared to that...