Weekly Poll: When Does Xmas Rally Start?
- Thread starter shortie
- Start date
eurusd at 1.3211. I want to flip a burger from short to long side. I prefer to flip at 1.3202, but the market is not even touching 1.3208, and has been near it for more than an hour now.
What do you think I should do?
What do you think I should do?
Quote from shortie:
the bulls deserve more!
i must say that i am tired of feeling stupid due to being bearish. it just does not pay to be a bear in this rigged market. even my best lucky charm does not work any more:
For rest of week, is the bear in that big's clothes?
The above post was made 5 minutes before 5PM. Less than few minutes, buyers showed up and started moving the price higher. Look at the chart.
Has it been influenced by readers of Shortie's thread?
No need for fake news.
Manufacturing numbers were very strong this morning, plus inflation was tiny again ( contrary to what one might surmise on this site ). Countering the good news was the Spain downgrade although I suspect this was somewhat expected. Minor selling today was just normal ebb and flow of a bull market. My own trades all rose on the good news and I sold at a nice profit my biggest trade ( 400% profit on a swing trade in less then two weeks ).
Tommorrow, we have three key reports. The Philly Index was the main reason we continued rallying a month ago. New report at 10 am. Also of interest are the jobless claims this is the one area lagging in the US recovery. Any drop could kick start the market higher as well.
Quote from Locutus:
Man up a bit. Are you even a real bear?
We're going to lose at least 20% from this point sometime in the near future (2011) and you're already excited?
Bring up this post end of next year. I'll go on record now that we will not drop 20% from today's levels at any point in 2011. I expect the next correction will be during the summer of 2012.
That being said, I like going short in January if we can rally into the year end like we usually do. I believe resources stocks could correct at some point soon. Its not a bubble yet but the move up has been too fast.
I'm neither a bull or a bear. I'm a trader. The more trends we get the easier it is to make money. Most of 2010 was not a great trading time period, but the last quarter has been great.