pennant forming...ES going to Soar today 2:14pm NYtime

[l2tradr]

Quote from stock_trad3r:

The market surged under Bush.

S&P500 was at 1165 when Bush took over in 2000. It's at 910 now. Look up the word "surge".

 

[MrDODGE]

Glad to see the market tank when Obama speaks. The guy needs to get off his high horse and figure out he is not the supreme being.

 

[swtrader]

Quote from MrDODGE:

Who are the idiots buying right now? Probably the same people spouting 'all of the bad news is priced in'.

bear markets, do make strong up moves

anyone who's ever tried to short in a bear, has at least once instance of being short in a power spike that (hopefully) stopped them out, or worse took their heads off

 

[Tums]

Quote from MrDODGE:
Glad to see the market tank when Obama speaks. The guy needs to get off his high horse and figure out he is not the supreme being.

?

 

[increasenow]

Quote from nonlinear5:

I think that's a bearish pennant, not a bullish one. I am selling like there is no tomorrow.

I hope you did not do this...ouch...OUCH!!! :eek:

 

[increasenow]

Quote from decreasesoon:

Good work, increase.

thanks for the props!!!

 

[dsq]

The only thing i trade off of in this market is momentum.I buy sudden,deep selloffs and short the sudden rapid rallies.
Im grinding it out this way and making small money but you dont take big hits in this insane market.

This market is about price action and intraday s/r levels.

This whole week was slow...

 

[stock_trad3r]

Quote from stock_trad3r:

better cover now

still 45 minutes of trading and huge funds will probably drive it higher.

right again

the stock trad3r method of buy all dips works as always

 

[bbqbbq]

bad pennant! fakeout to upside, fakeout to downside, then finally the real move! way to get chopped up there

 

[BullAlert]

Quote from MrDODGE:

Glad to see the market tank when Obama speaks. The guy needs to get off his high horse and figure out he is not the supreme being.

AMEN!!!