Wait For Follow-Through Day Before Buying

Quote from makloda:

Bad advice???? You know what's bad advice? Telling people "THIS IS A SHORT CORRECTION BUY NOW!!!" when institutions are dumping all their inventory they have on record volume. THAT'S BAD ADVICE!!!! Yet that's what you see on bubblevision (CNBC)... All the analysts.. from all the top 5 IB houses.. They say "BUY NOW!!!! CHANCE OF A LIFETIME!!!" in the same second their very own trading desks are dumping 1000's lots of SPX contracts on the bid.
More...

This is pure conjecture.
 
It's also a week old and no longer relevant.

The second round of the selloff wasn't on record volume. In fact, the day with the lowest intraday low reversed and closed higher with stronger volume...definitely NOT a bearish sign.

Quote from CutsThrough:

This is pure conjecture.
More...
 
Quote from duard:

OK got it you're long....


Good luck with that......
More...

Nope. I just don't believe in armchairing variables that are steeped in baseless fantasy - like sellside desks unloading and the specialist trying to screw you specifically. All that BS is a just an excuse used by mediocre or loser traders.
 
Quote from duard:

Perhaps it was a little paranoid and over the top but there is a lot of truth in there don't you think...
More...

That there are sellers in a declining market? Sure. But, I see no point in forming a conspiracy theory. The market is set up so that most players can play anonymously. To distract oneself with obtuse theories of motivation of people you can't even, for sure, say are participants at the specific moment is a complete waste of time and shows the true sophistry behind one's analysis.
 
Quote from CutsThrough:

Nope. I just don't believe in armchairing variables that are steeped in baseless fantasy - like sellside desks unloading and the specialist trying to screw you specifically.
More...
I am sorry to burst your bubble, but if you don't take my word for it, take Dave Viniar's (GS). This is not conspiracy, this is how profit optimization works:

Question: 'I was just wondering can you discuss internally the dialogue between doing -- even considering an option like (Fortress) for a portion of your funds?' Read: spin off the trading operations and sell it

Reply David Viniar: 'We think there are tremendous synergies amongst our businesses....I think that our businesses together are a lot more valuable than separated' Read: We up- and downgrade stocks and entire markets the way that's most profitable for our trading operations

http://www.stockhouse.com/mediascan/news.asp?newsid=8252606
 
Quote from stock_trad3r:

Markets going green again today

shorts only had one good day in the past 2 weeks. Big selling in tuesday and the buying resumes again. Load up
More...

Great call so far.
 
You must log in or register to reply here.
Back
Top