S&P above 1410 would be a gift for shorts

[S2007S]

Quote from captain_trips:

mine too - I think retracement is close to complete - trapdoor is ready to swing open - long March SPY puts and tight stops on all your longs

I sold some longs and added many inverse ETFS

SMN
TWM
DXD
SKF

Dow headed back below 12400 where I will probably sell those positions and add more longs for a bounce. Market is not going to break out to new highs anytime soon, one permabull on fox saturday morning mentioned that the markets should see new highs by summer 2008, wish I got the name of the individual. Too funny. The market will fall further, this is just an oversold bounce, thats it.

 

[HedgefundTrader2]

Quote from frank grimes:

day, most of the traders on this board are playing with the houses money. January was my best month in year or so. Traders trade volatility. Staying positive (still not sure why you keep harping on this) is great, but last time I checked it doesn't pay the mortgage. The statistics you quote, make the case for a bounce. The market and the economy have a cold, turning the money machine on, may not be the cure. Ever think of that?

All the Technical indicators and analysis are pointing to market going higher.

There is a short term overbought conditions though. You think you can short that minor down turn and turn a profit while bargain hunters are nibbling on your toes?

You know that the market formed a Textbook bottom on 1/22/2008 and reversed for the last 8 sessions. In case you didn't notice Thursday 1/31/2008 we had a follow through day where indexes rose 1.7 % on decent volumes.

If SPX closes above its 50 day you are done!

With all these textbook examples you still want to short? Go ahead I will be honored to see your ass smoking in the wind.

 

[HedgefundTrader2]

Quote from S2007S:

I sold some longs and added many inverse ETFS

SMN
TWM
DXD
SKF

Dow headed back below 12400 where I will probably sell those positions and add more longs for a bounce. Market is not going to break out to new highs anytime soon, one permabull on fox saturday morning mentioned that the markets should see new highs by summer 2008, wish I got the name of the individual. Too funny. The market will fall further, this is just an oversold bounce, thats it.

This is NOT an oversold bounce technically.

Its does not have the makings of a fake head. Its backed by a hefty Fed rate cut of 1.25 that will put so much liquidity back into the equities that they will not go down. Those money market accounts earning a pathetic 3.00 - 3.5 % returns will drive this market rallies.

I am sure there will be down days, but if SPX close above its 50 day MA , I will be laughing at your ass and that area is around 1420-1430. I am sure there will be vicious attempts to pull the temple down, but it will not succeed, You can only sell so much and short so much and once exhaustion takes place, it goes up.

I think this week shorts will be scattering back into the wood works. Watch it.

 

[HedgefundTrader2]

Quote from ammo:

day, your probably right about the mrkt goin up but only for a day and a half,whenever someone gets this excited to defend an opinion about the direction of the mrkt,he's overcommitted and worrying about it,your rants are irrational,hope your position doesnt kill ya,good luck

Do you have any grasp on Technical Analysis or you just shoot from the hip? Look at the pipe bottom on 1/22/2008 a Textbook example, look at the Fed inspired follow through day On Thursday 1/31/2008, look at the heavy reversal for last 8 sessions and you call this a market bounce ? Go ahead and short, and get your ass handed down on a silver platter.

The fundamentals are fine, all the bad news are out.

 

[captain_trips]

Quote from day7793:



You know that the market formed a Textbook bottom on 1/22/2008 and reversed for the last 8 sessions.

you are oblivious to the fact that even in a bear market we are going to have some short term retracement....aren't you? I'm not suggesting we're in for anything to the extent of 1929 or 1987 but you really should revisit those charts (if you've ever visited them to begin with).

I don't believe that SP500 is going to 1100 in a straight line....but I do believe it's headed that way...in any event we will retest 1275 (at which point I will consider become bullish long-term again); I seriously doubt there will be a close above 1400 in the coming weeks...and that's exactly the problem.

you and Kudlow both need a swift kick in the nuts

 

[patoo]

Quote from day7793:
...................The fundamentals are fine, all the bad news are out.

It seems you are trying to convince yourself "its all up from here", but its not

 

[HedgefundTrader2]

Quote from captain_trips:

you are oblivious to the fact that even in a bear market we are going to have some short term retracement....aren't you? I'm not suggesting we're in for anything to the extent of 1929 or 1987 but you really should revisit those charts (if you've ever visited them to begin with).

I don't believe that SP500 is going to 1100 in a straight line....but I do believe it's headed that way...in any event we will retest 1275 (at which point I will consider become bullish long-term again); I seriously doubt there will be a close above 1400 in the coming weeks...and that's exactly the problem.

you and Kudlow both need a swift kick in the nuts

Unless we take out the lows set on 1/22/2008 this market is not a bear market and is heading up. Its not going up straight there will be some overbought pullbacks, but the momemtum has definitely changed to the upside.

If you want to short go right ahead. Expect huge losses in your favor.

A far kicks are concerned you need one in that stupid mouth of yours that should be disintegrated so you won't say it again.

 

[captain_trips]

Quote from day7793:

Unless we take out the lows set on 1/22/2008

we will....

....and then I'm going to kick you squah in the nutz (virtually of course)

(Lennie): tell me about the spendism and consumerism George

 

[HedgefundTrader2]

Quote from patoo:

It seems you are trying to convince yourself "its all up from here", but its not

With that massive Fed rate cuts and more rates cuts on the way, shorts have nowhere to go, but spread lies, doom and gloom and indulge in national pastime of pessimism and play with turdballs in the mud.

 

[HedgefundTrader2]

Quote from captain_trips:

we will....

....and then I'm going to kick you squah in the nutz

Try doing that, your undercapitalized account will be closed, and you will hang with the other losers, on Yahoo boards perhaps?

BTW ...You won't even last a minute in a streetfight with me. Piece of human garbage...