The Rally Since 1PM . . .

Quote from S2007S:

TODAY IS A DAY TO BE SELLING NOT BUYING....simple as that.

I bought yesterday and sold this morning with profits, I want to buy but cant....I dont care if the dow is up 400 points, im not going to regret it, because I know Ill get the chance to get long again at 11800 or less.


:D
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so i guess it may be a great day to go short
 
Quote from S2007S:
I dont care if the dow is up 400 points, im not going to regret it, because I know Ill get the chance to get long again at 11800 or less.
More...
Then just load up with double short ETFs. All the way. You'll make a fortune.
 
I went short at the open and covered at 7 am PST ending my work for the day. It was quite profitable.

Quote from Landis82:

has been brutal for the shorts . . .

Anyone trying to pick a short term TOP today is going through excruciating pain.

The bid in the S&P's
has been relentless!

From 1286 to 1304.
Ouch!

Anyone been short the last hour or so?
I've been short since 1298.00 in several stocks and it does not feel very good!

:eek:
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Many of the lagging sectors: banks, small caps, nasdaq closed beneath the Jan lows yesterday. Ok, so the large caps didn't, but it still clearly was a test of the Jan lows. While I would prefer the Fed to have not intervened and them held on their own right so to speak, who cares! They held. If you used the same logic last Aug you had to endure a run to new record highs before the lows were tested again.

Quote from S2007S:

Got the test yesterday?? today would have been the test but the federal reserve stepped in. Im going to say that it WAS NOT A DOUBLE bottom, if the federal reserve didnt step in and we had a 300+ point rally then I would say maybe that was the test, but Im going to say the bottom is not in yet and that the markets will touch 52 week lows again. Sell any rallie, we have seen this time and time again.....
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Quote from S2007S:

TODAY IS A DAY TO BE SELLING NOT BUYING....simple as that.

I bought yesterday and sold this morning with profits, I want to buy but cant....
More...

That is why you are not a TRADER.

You say that you "want to buy . . . but can't" so you find a way to RATIONALIZE why you are being left on the sidelines.

Do us all a favor and just get lost.
Go back to class and stop frequenting these boards when you should be doing your homework.

:D
 
Quote from bh_prop:
but it still clearly was a test of the Jan lows
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You are obviously right. Doesn't mean it can't be tested again though. We'll see.

18904828xj7.png
 
That is a LOOOONG candle

i don't think we'll be retesting lows anytime soon..lol


and keep in mind the fed didn't even cut today. When he does cut expect another 3%
 
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