Topped out. Went short tonight
- Thread starter athlonmank8
- Start date
For anyone considering shorting, consider this. How many retailed minded punters will try and call the top and sell the first sign of panic. It will likely not play out like that, anyone with anything approaching at tight stop will be likely liquidated before it drops.
Also remember the big elephant in the room for potential shorting - stimulus. This market is priced on vested interests, if the too big to fail crowd are in control further stimulus will happen at some point, QE3 etc, coordinated with Europe.
Also give consideration to how vested interests and larger players are positioned. The majority of retail and street commentators are already short or are calling a big short opportunity. That is a sign that this rally will likely last longer and be more pronounced than people are expecting.
Boy I must admit I have had a good chuckle to myself of late. Back in february Endicott's predecessor Londonkid was calling 2030s in spoos by Q1, early Q2, with ATHs on the horizon. I still remember the gurus saying 'we are in a bear market' and 'you cant possibly know how large players are positioned'. lol. today we are at 2093 cash. lol.
Yes its been crazy strong this week however it wont print ATHs in a straight line, there will be pullbacks, some deep and yes retail will short every little sign of panic, they will get runover same as always. GL
Also remember the big elephant in the room for potential shorting - stimulus. This market is priced on vested interests, if the too big to fail crowd are in control further stimulus will happen at some point, QE3 etc, coordinated with Europe.
Also give consideration to how vested interests and larger players are positioned. The majority of retail and street commentators are already short or are calling a big short opportunity. That is a sign that this rally will likely last longer and be more pronounced than people are expecting.
Boy I must admit I have had a good chuckle to myself of late. Back in february Endicott's predecessor Londonkid was calling 2030s in spoos by Q1, early Q2, with ATHs on the horizon. I still remember the gurus saying 'we are in a bear market' and 'you cant possibly know how large players are positioned'. lol. today we are at 2093 cash. lol.
Yes its been crazy strong this week however it wont print ATHs in a straight line, there will be pullbacks, some deep and yes retail will short every little sign of panic, they will get runover same as always. GL
Let me just add something that has not been mentioned yet and I think a lot of trader forget. Markets can correct two ways, through price and through time. Time is actually much more painful believe it or not. The market can easily grind sideways for months or years and work out whatever issue needs to be resolved without ever correcting in price. I am always shocked so many traders don't even think of this as a possibility. And this is true of any market, not just the S&P but oil, gas, gold, bonds, etc. I think we are in the middle of a "time correction" that started about two years ago. We really have not gone anywhere since the fall of 2014. It's possible this time correction could last another 2 or 3 years. That would be very normal.
On a side note I never understand posters here act as if the market has done nothing but go up being that we have flatlined for so long.
On a side note I never understand posters here act as if the market has done nothing but go up being that we have flatlined for so long.
This is the last 18 months. Looks like one big range to me.
Whining may be part of the process.
It's like when you're an only child.
Well .. It's better to be winning.
Last edited:
This is the last 18 months. Looks like one big range to me.
absolutely we have been in a holding pattern last 2 years after a ZIRP bull run. The market has been pricing in a dovish Yellen statement this week. If she delivers with a dovish tone it is likely we make new all time highs by Q2 end. Anything can happen though, that's trading.
a bad number and market wont go down. hmmmmm. why is that lol. hands up the retail who shorted, yeah i thought so.