Market Reversal

xflat2186 · Mar 17, 2009

Notice the question mark on the end of the sentence, that was me asking you if thats what you implied earlier?

SmithTheTrader · Mar 17, 2009

Quote from xflat2186:

Notice the question mark on the end of the sentence, that was me asking you if thats what you implied earlier?

Martinghoul · Mar 17, 2009

FWIW, I am bearish, short and hurt(ing). Holding on to it, though, as conviction's high.

DrPepper · Mar 17, 2009

6 up days in a row. Market is overbought. Running up against strong resistance approaching 800. Fundamentals continuing to get worse. This has been nothing more than a pullback in a long down trend. Time for me to get back into DOG tomorrow!

newguy05 · Mar 17, 2009

this is option expiration, tomorrow is whipsaw wed, what's the point of discussing market direction this week? (yes bias currently is on the downside with a 6 day ~100pt rally, and heading towards falling 50 sma at 800, but who cares)

Dont have the risk tolerance anymore to do anything but long back month straddles based on technical with a hard stop loss(theta>2pt). And if the market really moved like it did last few days, then leg into selling frontmonth ~20-30pt otm as the wing, to have a long gut, short 1 wing. Diagonal single wing condor, is that what you call it? lol

Hang on to your hats, and go for a ride, up or down.

RichardRimes · Mar 17, 2009

Quote from xflat2186:

Dont worry no one expected you to get stopped out unless the market was a run away frieght train.

Its the internet every can hold bad paper for days and weeks and then onlyget stopped out for a small loss or small profits. As soon as the market turns their favor they love to dance around the board and pat themselves on the back.

hummmmmm .....smith may be RFT?????

spindr0 · Mar 18, 2009

Quote from RichardRimes:

hummmmmm .....smith may be RFT?????

Way too funny! Every time I read a screwball post from some poster, I wonder the same thing. RFT has become the epitome of BB wacko-ness ?? LOLOL

EPrado · Mar 23, 2009

Quote from EMRGLOBAL:

S&P

795.71
771.10
746.48

Three key levels.... of resistance...

However, downside target 600 then 500 Before 2010

Sorry BULLS, this is not a reversal, let alone Panic Buying. This is short covering and 'Fools" getting long because BUFFET and OBAMA says so.

Ouch. 800 trades. Good thing you aren't trading anymore.

xflat2186 · Mar 23, 2009

I dont think we have to wonder what happened here

EPrado · Mar 23, 2009

Quote from EMRGLOBAL:

S&P

795.71
771.10
746.48

Three key levels.... of resistance...

However, downside target 600 then 500 Before 2010

Sorry BULLS, this is not a reversal, let alone Panic Buying. This is short covering and 'Fools" getting long because BUFFET and OBAMA says so.

Them is some rich "fools".

SP now 822.

Anymore resistance levels ?