Probably going to see around 2700 on the Nasdaq by early spring! She is set to drop like a rock!!!
Don't short until it attempts to retrace back up on the weekly.
Don't short until it attempts to retrace back up on the weekly.
Ready to short boys?
- Thread starter RangeTrader
- Start date
There is nothing to be paranoid about... The market is just a big herd. This market has only lifted recently due to big news events like QE3 and bailouts and barely lifted at that...
Anything scary in the least hits and she drops like a rock.
Once the market gets as overstretched as currently it has a very hard time holding price levels above one deviation up and readily collapses from two deviations up on the weekly chart.
The overall bigger picture wave pattern is a big collapse pattern that say this coming correction will be bigger than the last.
Anything scary in the least hits and she drops like a rock.
Once the market gets as overstretched as currently it has a very hard time holding price levels above one deviation up and readily collapses from two deviations up on the weekly chart.
The overall bigger picture wave pattern is a big collapse pattern that say this coming correction will be bigger than the last.
The shorting zone is from 1462 to 1473 in the next week on the dialy. There is still enough price strength that we should be able to retrace up there somewhere for some good setups on the hourly charts.
Market strength hasn't broken down enough yet to warrant shorting in the median area.
Market strength hasn't broken down enough yet to warrant shorting in the median area.
God I love markets where people are unwilling to hold risk...
China news = bad (slowing growth which is probably much worse then official numbers)
Euro news = rioting in streets
Japan = can't figure out how to drop their currency faster then everyone else
Japan+China = serious problems for both economies (only the 2nd and 3rd largest in world) if they can't figure out how to tone down the rhetoric about those islands nobody really cares about. A guy on SA was talking about how they are wrecking Japanese cars and breaking Sony cameras in China.
Israel+Iran = I don't think either are dumb enough to start it, but who knows.
Iran+Saudi Arabia = already fighting in Syria - rest of world is stuck cause nobody wants to support Assad, but nobody wants to help the Muslim Brotherhood either ... tricky spot and Romney should keep his trap shut cause he knows this - and there's no way he'd be rushing into Syria to help Muslims fight the minority groups which include the Christians. That will fly well on US news channels.
US= QE1+2+INFINITY - oh ya that is going to end well ... wait til what goes up must come down happens.
And yet the stock market keeps going up up and away !
Euro news = rioting in streets
Japan = can't figure out how to drop their currency faster then everyone else
Japan+China = serious problems for both economies (only the 2nd and 3rd largest in world) if they can't figure out how to tone down the rhetoric about those islands nobody really cares about. A guy on SA was talking about how they are wrecking Japanese cars and breaking Sony cameras in China.
Israel+Iran = I don't think either are dumb enough to start it, but who knows.
Iran+Saudi Arabia = already fighting in Syria - rest of world is stuck cause nobody wants to support Assad, but nobody wants to help the Muslim Brotherhood either ... tricky spot and Romney should keep his trap shut cause he knows this - and there's no way he'd be rushing into Syria to help Muslims fight the minority groups which include the Christians. That will fly well on US news channels.
US= QE1+2+INFINITY - oh ya that is going to end well ... wait til what goes up must come down happens.
And yet the stock market keeps going up up and away !
Quote from Ash1972:
The Fed's logic is impeccable. Let's do unlimited amounts for a third time of what completely failed to work the first two times. Right.
Some people insist on believing the improbable. Well I guess that's why we have religion. And fundamental analysis
The fed is the reason why you are unemployed in your mommy's guest room tinkering with Multicharts and not unemployed under a newspaper inside a bus stop.
??? What are you guys complaining about? This market is great shorting!
Some people in here don't know how to time trades... Now... If only we can get a bit higher above median or weaker price strength ill be shorting hand over fist on bounces....
Some people in here don't know how to time trades... Now... If only we can get a bit higher above median or weaker price strength ill be shorting hand over fist on bounces....
frankly anybody shorting this market would of much rather had the s&p open 6 points down like it was pre market last night than 6 points up this morning. than you write i am going to wait for it to go 1470 to short it. if you were short this market you were short over the weekend or your just on here writing a book. i think we will come in lower and i am short but i have a very healthy fear of this market.
it does not make any sense even bubble ben did not make sense today. he can look up at the sky and tell you its red. you can ask him how do you make the color red and he will tell you how to make the color blue but tell you the sky is red still. its the same thing in europe like spain gave a plan to cut taxes that plan is not even close to reality. you have big hedge funds called countries backing the markets with no plan to ever be able to get out. bubble ben said he plans to get out in a few years but who is taking the other side? i think he is waiting for little green aliens to buy it if you ask me.