Market Outlook

Lucrum · Nov 9, 2011

Quote from iceman1:

in all seriousness, bro... do you like sounding like a fool... or do you need the attention. Even a fricking broken clock is right.

Markets go up and down - - - all the time. How does that get your rocks off by calling for an incessant downside in the face of the largest 4-5 week move higher in a long time. So what if it goes down - now.

I entered puts, and held some short sides of long spreads, yesterday... good timing. But you don't see me bragging like some kind of self-aggrandizing fool. Right now, I am "worried" about what happens next, whether to fade today's opening and/or whether to take some profits... and when.

--- instead of your ad nauseum mostly incorrect market calls.. tell us all.... do you have -any- position performing in today's early selling?? If so, what positions - futures, equities, options.

Did you make any dough?

Are you the same iceman1 who was recently getting onto me for bashing another one of ET's biggest idiots?

TILT2 · Nov 9, 2011

Just leave this guy alone.

iceman1 · Nov 9, 2011

Quote from Lucrum:

Are you the same iceman1 who was recently getting onto me for bashing another one of ET's biggest idiots?

now i understand! mea culpa

lol

murray t turtle · Nov 9, 2011

Quote from GrandSupercycle:

Reminder: SP500 daily chart is extremely overextended and correction is inevitable.

ALL TRADES ARE POSTED AT BLOG.

===============
It would be easy to agree,
with that;
especially since SPY price parabolic time price , 10ema says sell ...cool:

But SPY 50 ema,strong seasonals,200ema, 1 year chart says buy .

But 10 year SPY is still is an uptrend;
but not a good one, so its really not a great buy on SPY either .LOL

BAC has so many good downtrands ;
i like to sell stuff like that.None of this is a prediction, simply probabilities.

Lucrum · Nov 9, 2011

Quote from iceman1:

now i understand! mea culpa

lol

Thumbs up

GrandSupercycle · Nov 9, 2011

More equity downside expected this week.

USDX 8 hour chart reverts to bullish.

Lucrum · Nov 9, 2011

Quote from GrandSupercycle:

More equity downside expected this week.

USDX 8 hour chart reverts to bullish.

What about the 6 and 10 hour charts?

newwurldmn · Nov 9, 2011

Quote from Lucrum:

What about the 6 and 10 hour charts?

I'm more interested in the 57 minute chart.

iceman1 · Nov 9, 2011

Quote from GrandSupercycle:

More equity downside expected this week.

USDX 8 hour chart reverts to bullish.

I typically use the 6.725 hour chart

Lucrum · Nov 9, 2011

Quote from GrandSupercycle:

More equity downside expected this week.

USDX 8 hour chart reverts to bullish.

Oh yeah, next time. Could you warn us BEFORE it reverts?