Just when Joe Public was tired of shorting

Quote from S2007S:

What a day,

No one saw this coming not even the new bears that ran to the bull side just a few days ago, many still insist the wave is up, who knows, may get another run higher but I believe the trend is down.

If the markets open lower tomorrow I will sell my inverse funds and wait for the next 2-3% move higher to get back in.
More...

Another absurd post full of ridiculous logic . . .

"I believe that the trend is down . . . but I will sell my inverse funds tomorrow on a weaker opening."

So much for the trend being down.
Blah, blah, blah.
 
May 6 was a huge headfake. When I saw the squeeze from Fannie Mae, I was sure something was up. Their results were almost catastrophic, then the shorts got squeezed hard pulling the indices up with it as a hedge. With many other things lining up, it was only a matter of time for the prop up to break down.
 
Quote from S2007S:

What a day,

No one saw this coming not even the new bears that ran to the bull side just a few days ago, many still insist the wave is up, who knows, may get another run higher but I believe the trend is down.

If the markets open lower tomorrow I will sell my inverse funds and wait for the next 2-3% move higher to get back in.
More...

"No one saw" that is not true. Few people saw it (OP, Rice*, myself). For myself check my call's today in response to Rennick out at 9:56AM. He said up, and I told him no down.
 
Quote from RiceRocket:

May 6 was a huge headfake. When I saw the squeeze from Fannie Mae, I was sure something was up. Their results were almost catastrophic, then the shorts got squeezed hard pulling the indices up with it as a hedge. With many other things lining up, it was only a matter of time for the prop up to break down.
More...

RiceRocket:

Headfake is exactly the same term I also used (it is in my comments today in Rennick Out/ my threads on NDX). A lot of people seemed to be so sure that it is slam dunk for them on upside.

I checked the volume and to my surprise people seem to have gotten the message only after the previous day low was broken. A lot of today's volume (on QQQQs) took place below yesterday's low (where most stops seem to be placed I guess).
 
Quote from riskfreetrading:

And I am meeting you with a full one! Cheers buddy :D
I will take care of the bill (using bull's money)

PS: R U who I think you are?:)
More...

maybe.
 
Joe the public doesn't have any savings and is in debt...public debt.

what don't you understand.



Quote from ByLoSellHi:

What you are seeing is consolidation. It's clear as day in the charts. The next wave is up.

Joe Public has been sidelined, getting negative yield on money market funds, for quite a while.
More...
 
You must log in or register to reply here.
Back
Top