The S&P put in another short term bottom on April 11
- Thread starter volente_00
- Start date
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Actually tend to call you balanced
Also, not a prediction ,XLE [oil gas sector] uptrending does not mean stocks have to downtrend, or even sideways trend. And who would have figured AMR stock, would have done so well????
Some might say ,well CNBC says its so- high oil-low stocks;
thats why while like to usually watch Art Cashin , usually limit my CNBC watching to about 1 hour per day.
Good post
Quote from murray t turtle:
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Actually tend to call you balanced
Also, not a prediction ,XLE [oil gas sector] uptrending does not mean stocks have to downtrend, or even sideways trend. And who would have figured AMR stock, would have done so well????
Some might say ,well CNBC says its so- high oil-low stocks;
thats why while like to usually watch Art Cashin , usually limit my CNBC watching to about 1 hour per day.
You're about Art, he's great. The way he stands there with his order pad you'd think he moonlights as a waiter
wow what a day!!!...... even before CNBC started to comment how the Russell was not participating on this mornings rally.... I had observed that myself right off the bat..... so i decided to fight the rally. Holy crap i got the stuffing knocked out of me. Finally i made my move at 10:30 and loaded up a little bit more than usual on shorts..... got all my money back! ...... Then i was ready to go long.... but looking at todays current action.... i think i will short again!! (can not get shell shocked or you miss that small window of opportunity..... but at the same time , cant be a glutton for punishment.)
EDIT: ... just covered my 2nd short... now well in the positive for the day. (hmmm..... have to admit i was lucky this morning)......no more trades until noon time!
...... Then i was ready to go long.... but looking at todays current action.... i think i will short again!! (can not get shell shocked or you miss that small window of opportunity..... but at the same time , cant be a glutton for punishment.)EDIT: ... just covered my 2nd short... now well in the positive for the day. (hmmm..... have to admit i was lucky this morning)......no more trades until noon time!
Long YM @ 11391..... stop @ 11371
Lets see what happens.
C'mon market...stop me out... i dare you, stop me out.....
Lets see what happens.
C'mon market...stop me out... i dare you, stop me out.....
too many monkeys managing too much money...first of all you know that 1315 and 1350 are very important resistance levels so why the hell would they run up the dow 100 points in the first hour? don't they realize the mean revert monkeys will jump all over that and chop up the trend in the next 6 hours. don't they realize they only give bears hope by allowing a false breakout. don't they realize its more bullish to break historic resistance levels on friday afternoon and not thursday morning.
freakin monkeys...i swear their wet dream is to have a pitifully low volitility market with a bullish bias....sell every breakout and buy every pullback...that way investors never get spooked and fees can be collected on subpar performance.
freakin monkeys...i swear their wet dream is to have a pitifully low volitility market with a bullish bias....sell every breakout and buy every pullback...that way investors never get spooked and fees can be collected on subpar performance.
Quote from lilduckling:
wow what a day!!!...... even before CNBC started to comment how the Russell was not participating on this mornings rally.... I had observed that myself right off the bat..... so i decided to fight the rally. Holy crap i got the stuffing knocked out of me. Finally i made my move at 10:30 and loaded up a little bit more than usual on shorts..... got all my money back!
EDIT: ... just covered my 2nd short... now well in the positive for the day. (hmmm..... have to admit i was lucky this morning)......no more trades until noon time!
Good Post liduckling!!....Good Post!!
ugh! .... i cant take this sideways grind.... out @ 11403 for a meager +12 pts
Quote from lilduckling:
wow what a day!!!...... even before CNBC started to comment how the Russell was not participating on this mornings rally.... I had observed that myself right off the bat..... so i decided to fight the rally. Holy crap i got the stuffing knocked out of me. Finally i made my move at 10:30 and loaded up a little bit more than usual on shorts..... got all my money back!
EDIT: ... just covered my 2nd short... now well in the positive for the day. (hmmm..... have to admit i was lucky this morning)......no more trades until noon time!
T day theory, 10:30 reversal, and rule of 2.
What more can you ask for in 1 day ?