STATUS OF YOUR 1321 AND 1342 SHORT PLEASE
Market Outlook
- Thread starter GrandSupercycle
- Start date
STATUS OF YOUR 1321 AND 1342 SHORT PLEASE
Following his posts, the "Xmas rally" finished on December 3rd, 2011, exhausting all the "short covering". He encourages people to short the market, and reiterates that recommendation pretty much every week since then.
Meanwhile, market rises 9.3%. So his breakeven is at 1290 SPY on his short term trade, assuming no margin calls. In order to make 9.3% on the trade, he needs an exit at 1170.
Given past experiences, anything below 1350 he'll proclaim it a successful trade. In reality, its only a successful trade if we hit 1170.
Where is this bearish warning ? Your position has never been defensible from a technical analysis standpoint. You have no credibility, so please stop further embarassment and chill until this market comes off. Then re-appear and declare victory. Never mind the huge drawdown and terrible timing.
March 12, 2012
THIS EXCELLENT CALL AND INSIGHTFUL CHART RECORDED FOR POSTERITY.
[color=light blue]March 8, 2012
bone
ET Sponsor
http://www.spreadprofessor.com
There is NO competent technical basis to be calling a major market "top" in the S&P. None.
... If I was already long, I would lighten up at 1370 ( last Fall's highs ), 1425, 1500, and short 1575.[/color]
http://i40.tinypic.com/33o5gxu.png
March 14, 2012
Why did ET admin / mods open two of my unread private messages ?
Anyone got the guts to own up ?
THIS EXCELLENT CALL AND INSIGHTFUL CHART RECORDED FOR POSTERITY.
[color=light blue]March 8, 2012
bone
ET Sponsor
http://www.spreadprofessor.com
There is NO competent technical basis to be calling a major market "top" in the S&P. None.
... If I was already long, I would lighten up at 1370 ( last Fall's highs ), 1425, 1500, and short 1575.[/color]
http://i40.tinypic.com/33o5gxu.png
March 14, 2012
Why did ET admin / mods open two of my unread private messages ?
Anyone got the guts to own up ?
Price action continues to 'hang in mid air' similar to Wile E Coyote just before he discovers gravity.
DOW weekly rising wedge enclosed by large megaphone wedge.
http://stockmarket618.files.wordpress.com/2012/03/2012-03-13_dow_wk2.png
EURAUD & GBPAUD daily chart bullish warning confirmed.
AUDJPY & AUDUSD daily chart bearish warning.
DOW weekly rising wedge enclosed by large megaphone wedge.
http://stockmarket618.files.wordpress.com/2012/03/2012-03-13_dow_wk2.png
EURAUD & GBPAUD daily chart bullish warning confirmed.
AUDJPY & AUDUSD daily chart bearish warning.
EURUSD daily chart gives bearish signal plus ongoing H&S pattern.
So USDX bullish...
So USDX bullish...
No call for a waterfall sell off with this 7 handle decline?
Overextended S&P500 / DOW / NASDAQ uptrend degradation increases.
Risk of waterfall sell off continues.
Traders who understand T/A will know why.
Risk of waterfall sell off continues.
Traders who understand T/A will know why.
Apparently that's only you...