Kudos to MMs

Just in case anyone's taking my calls seriously, this is no longer much of an uptrend at all in spooz, so with the $VIX down where it is and May coming up soon, I'd <b>no longer recommend buying the next dip.</b> The strategy was good while it lasted though.
 
Quote from nitro:

S SPX 1541.25. Notice that I am actually short ES, but I don't want to worry about posting the roll. One lot. Will addd short at 1572. Profit target 1520.
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Stop Loss. Out SPX 1566, -24.75.
 
Quote from resinate:

nice!
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how is that nice? it's just 4 points of the top? tomorrow we go to up another 20 points. will be ugly.

everything is bullish for the dow. shorting this market is just silly.
 
Quote from bluematrix:

how is that nice? it's just 4 points of the top? tomorrow we go to up another 20 points. will be ugly.

everything is bullish for the dow. shorting this market is just silly.
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Maybe it'll turn out another disaster, who knows? Plus we don't know stop, target etc,

But shorting 4 points below decade plus resistance seems a nice trade- especially given the seasonal forces working with the technicals. Look at long term SPX not Dow chart to make sense of it.
 
Quote from GTS:

With SPX at 1390

<table border="1"><tr><th>Date</th><th>Action</th><th>Price</th><th>Units</th><th>PnL</th></tr><tr><td>Dec 20, 2011</td><td>Sell to Open SPX</td><td>1229.89</td><td>2</td><td>-320</td></tr><td>Jan 11, 2012</td><td>Sell to Open SPX</td><td>1288.60</td><td>1</td><td>-100</td></tr><td>Jan 25, 2012</td><td>Sell to Open SPX</td><td>1321.20</td><td>1</td><td>-70</td></tr></table>
Unrealized losses : 490 points
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Nitro had these positions open a little over a year ago with no stop loss. What a kook this guy is adding shorts again !!!
 
Quote from Nine_Ender:

Nitro had these positions open a little over a year ago with no stop loss. What a kook this guy is adding shorts again !!!
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Hey doofus, how's your BBRY long from 120?
 
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