Market crash on monday?

failed_trad3r · Jun 4, 2012

Quote from Lucrum:

"Is probably" what?

What is the endgame in bonds and QE infinitively?

Yup, a rise in rates. In a years time you will look back and think: it was so obvious. That top in bonds.

Lucrum · Jun 4, 2012

Quote from failed_trad3r:

....In a years time you will look back and think: it was so obvious....

I could say that about most trades/market turns.

tradingjournals · Jun 4, 2012

Quote from Chuck Krug:

Market crash on monday?

I asked the opposite question: Market bottom on Monday?

hajimow · Jun 4, 2012

Now it is 2:23 PM and SPY is down like 0.2%. I feel today SPY will close GREEN.

shfly · Jun 4, 2012

Interest rates going way back...

http://www.ritholtz.com/blog/wp-content/uploads/2012/05/MI-BP300_BONDHE_NS_20120530190604.jpg

AK100 · Jun 6, 2012

Quote from plyka:

So what's the point of jumping in while it's collapsing? Wait til it shows you something, you'll have plenty of time.

There is no point so I agree with your point!

V bottoms are nowhere near as common as bottoms that form over a period of time, probably washing the early bulls out. Trying to buy a V bottom is therefore a 'hero trade' where the trader is more interested in 'buying the bottom' rather than making money.

However, my whole point was that if you look on the weekly chart, this selloff is nothing more than a minor retracement, therefore give more credence to the bull side. But as you say, be patient and wait for the right setup (if it comes).

As for stocks being 'propped up. over the last several months, maybe they are and if so that's not to say they can't be proped higher for a longer period of time.

Of course the whole creaking POS is going to come crumbling down, simple maths proves it, but the fools, crooks and scammers in charge aren't going to give up easily, and giving up right now (June 2012) is far too easy.

jsp326 · Jun 6, 2012

Quote from tradingjournals:

I asked the opposite question: Market bottom on Monday?

1-week bottom, 1-month bottom, long-term cyclical low or what?

We were past due for a bounce, but the chart looks ugly. Even if it rises to the 50-day MA (around 1360 I think), the ugliness will still be there (and it will be a major test).

FreakofNature · Jun 8, 2012

Quote from FreakofNature:

I'll be buying any lower lows on Sunday night or Monday in the future markets.

After a few bad calls finally did something right caught the knife.

flipside21 · Jun 8, 2012

Quote from AK100:

Of course the whole creaking POS is going to come crumbling down, simple maths proves it, but the fools, crooks and scammers in charge aren't going to give up easily, and giving up right now (June 2012) is far too easy.

SPX barely declined 10% from the highs and TPTB were in panic mode, coming out with the BS Hilsenrath QE3 leak. I still think SPX could go down to 1210 level in the coming weeks before CBs go crazy (Almighty forbid should SPX ever trade below 1200 again because that would be the end-of-the-world-zombie-apocalypse as we know it).

FreakofNature · Jun 8, 2012

Quote from flipside21:

SPX barely declined 10% from the highs and TPTB were in panic mode, coming out with the BS Hilsenrath QE3 leak. I still think SPX could go down to 1210 level in the coming weeks before CBs go crazy (Almighty forbid should SPX ever trade below 1200 again because that would be the end-of-the-world-zombie-apocalypse as we know it).

On the other hand, one could argue, shallow pullback, uptrend intact, new highs to come.