Market crash on monday?

trefoil · Jun 8, 2012

Quote from FreakofNature:

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

Spain will be rescued over the weekend, big rally Monday, basically 'cuz no one in Europe has a choice, which is the only time they do anything. Kinda resembles that swamp over in DC that way.
Weekend after is the Greek Weekend. Hold onto your nuts. Or whatever it is you hold onto when the waves get high.

atticus · Jun 9, 2012

Quote from trefoil:

Spain will be rescued over the weekend, big rally Monday, basically 'cuz no one in Europe has a choice, which is the only time they do anything. Kinda resembles that swamp over in DC that way.
Weekend after is the Greek Weekend. Hold onto your nuts. Or whatever it is you hold onto when the waves get high.

The initial reaction will likely be positive, but they'll start hitting bids on the debt immediately.

tradingjournals · Jun 10, 2012

Quote from tradingjournals:

I asked the opposite question: Market bottom on Monday?

I sense that people have started to realize that it was wrong to think short side last Monday (which is the bottom so far), and they still seem to be wearing short and may even be "swearing" by the next level.

Chuck Krug · Jun 11, 2012

anyhow, business as usual
shorting some aapl at the open
with an initial stop around 650 and an add at 530 or 630 (whichever comes first)

Lucrum · Jun 11, 2012

Quote from tradingjournals:

I sense that people have started to realize that it was wrong to think short side last Monday (which is the bottom so far), and they still seem to be wearing short and may even be "swearing" by the next level.

Why not open a real money trading account of your own?

Chuck Krug · Jun 11, 2012

short in aapl 586 something (small initial position)

Tsing Tao · Jun 11, 2012

Quote from atticus:

The initial reaction will likely be positive, but they'll start hitting bids on the debt immediately.

Especially when they realize that pesky ol' thing called "Subordination".

tradingjournals · Jun 11, 2012

After one hour, market down -.25%. Who are these people selling it at this level?They could have sold it way higher at the open.

flipside21 · Jun 11, 2012

Quote from Tsing Tao:

Especially when they realize that pesky ol' thing called "Subordination".

Fool me once, shame on you. Fool me twice, shame on me.

Chuck Krug · Jun 11, 2012

tradinjournals: fear, greed, because they think it will go even lower, stoplosses hit, adding to short, some hedge fund manager thinking: 'screw you guys, i'm going home'
you know: the usual reasons :-)