The Down Move Has Started

Quote from riskfreetrading:

Selloff count down would likely be anytime during the next 6 trading hours. It is now 3:07PM, June 11, 2009. Qs at 37.17. Would the computers start their selling before today's close? :cool:
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I told you about the selloff, and it took place! One hour of trading later (shortly aftet open of June 12, 2009), Qs at 36.21. Time to eat my breakfast!

:p
 
no chance of selling before opex. MM's have their positions on lock and will continue to sell/buy against their positions to hedge properly until opex.

Forum is bearish again, time to buy calls!;)
 
It sounds more as if the market is closing for the day in early morning.

The action seems to be strange. Are all exchanges open today? It started right then all of a sudden, it became "dead"
 
this is right smack in the middle of June. when I used to daytrade, these are the slowest days/months (summer).

without another crisis, this is just another summer doldrum.
 
Quote from matgallis:

no chance of selling before opex. MM's have their positions on lock and will continue to sell/buy against their positions to hedge properly until opex.

Forum is bearish again, time to buy calls!;)
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My personal view as well, but i don't like to make calls, so thanks for sticking your nose out and making it for me.
 
Quote from sandygray66:

Personally, I think the trigger started last week, with Stock_Trad3r's trumpeting of the return of the bull market! :D

http://www.elitetrader.com/vb/showthread.php?s=&threadid=165794

He's the ultimate contrarian sentiment trade.
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C'mon now. He makes that call every time, whether the S&P is at 1570 or 670. It's just like calling BuyLowSellHi or S2007 contrarian buy indicators when they cry doom-and-gloom...which is practically every day.
 
Market volume is just pathetic, you would expect new money to come pouring in, whats going on, people holding out for the s$p to break and close above 1000, what gives???

Where has the bullish money gone?????





:eek:
 
Quote from S2007S:

Market volume is just pathetic, you would expect new money to come pouring in, whats going on, people holding out for the s$p to break and close above 1000, what gives???

Where has the bullish money gone?????





:eek:
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Speak of the devil...
 
Quote from S2007S:

Market volume is just pathetic, you would expect new money to come pouring in, whats going on, people holding out for the s$p to break and close above 1000, what gives???

Where has the bullish money gone?????





:eek:
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:p

New smart money would be used as collateral for short positions? New dumb money would be used as profits for the shorts of new smart money.
 
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