Shorting is extremely risky in this market- losses, losses, losses

Quote from frank grimes:

What day fails to understand is that traders are long and short all the time. I'm always long and short, who wouldn't? If this rally is going to get legs, 1375 has to be taken out, it has failed multiple times there. If it does break through, the move should take us to the 1420-26 level, where it will probably fail and back down we go. Not a great idea to try and bottom feed on the momo's of last year. Those things were priced to perfection. Look at GOOG today. Last years winners are this years laggards (at least in tech). It doesn't take a rocket scientist to realize the market has changed colors, adapt or die. Oh yeah, the volume was pretty pathetic today, sellers are tired for the time being, not for good though.
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1375?? more like 1369.23, which was the highest point last 7 days.. 80% odds 1375 won't matter shortly. This things has 1400 written all over it. We had a classic breakout today.. Volume will come.
 
Quote from retire45:

1375?? more like 1369.23, which was the highest point last 7 days.. 80% odds 1375 won't matter shortly. This things has 1400 written all over it. We had a classic breakout today.. Volume will come.
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Yep
 
Quote from frank grimes:

What day fails to understand is that traders are long and short all the time. I'm always long and short, who wouldn't? If this rally is going to get legs, 1375 has to be taken out, it has failed multiple times there. If it does break through, the move should take us to the 1420-26 level, where it will probably fail and back down we go. Not a great idea to try and bottom feed on the momo's of last year. Those things were priced to perfection. Look at GOOG today. Last years winners are this years laggards (at least in tech). It doesn't take a rocket scientist to realize the market has changed colors, adapt or die. Oh yeah, the volume was pretty pathetic today, sellers are tired for the time being, not for good though.
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Frank, stop reasoning with this individual, he's definitely a lunatic.

To all of you, stop the naiveness and put this scumbag on ignore.

He's trying to convince that short is bad. Probably the bears are whippin' his ass .

Let it be.

Ignore him
 
Quote from mschey:

We take out 1375 and move higher from here, that's my take!
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is it that easy, s&p passes 1375 then what???

New bull market for another 5 long years...
 
Lets see a close above 1375 first, then the next logial resistance would be 1400, clear that 1425 is where the rubber meets the road. That is going to hard to clear. Still, looking for a few more days of continuation. Month does not end till friday.
 
Quote from S2007S:

is it that easy, s&p passes 1375 then what???

New bull market for another 5 long years...
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This is day 3 of upside moves. Still short and hurting badly Mr. daytrader? Whats the matter with you boy?

Look what you did to the real estate you are doing to stock market.
 
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