What happened today....

L

lpchad

What happened today was a classic case of letting the sheeple public buy in and drive the market higher. Meanwhile, the specialists all came in from enjoying their cigars and hit the bids relentlessly to transfer the cash to their account.

Textbook. Rinse and repeat.
 
i began to get short fri. and added to my positions today....market deeply oversold. ofcourse, the sheeple buy in, resistance was around 780 on the spooz
 
Quote from sumosam:

i began to get short fri. and added to my positions today....market deeply oversold. ofcourse, the sheeple buy in, resistance was around 780 on the spooz
More...

I got short as well, but during the day I started getting really nervous thinking that the rally was going to run for another two days. I was 12 points from having my position closed.
 
I bought it on the opening (YM) and sold it at noon. did not inigiate any short. maybe just a pullback, tomorrow's FOMC will stire something up.

good luck.

the bear market is wild, be cautious. actually it is just up a little, I am bullish, if it hits 7300 again, i will buy it again
 
Quote from lpchad:

What happened today was a classic case of letting the sheeple public buy in and drive the market higher. Meanwhile, the specialists all came in from enjoying their cigars and hit the bids relentlessly to transfer the cash to their account.

Textbook. Rinse and repeat.
More...
Main Entry: para·noia
Pronunciation: \ˌper-ə-ˈnȯi-ə, ˌpa-rə-\
Function: noun
Etymology: New Latin, from Greek, madness, from paranous demented, from para- + nous mind
Date: circa 1811
1 : a psychosis characterized by systematized delusions of persecution or grandeur usually without hallucinations
2 : a tendency on the part of an individual or group toward excessive or irrational suspiciousness and distrustfulness of others
— para·noi·ac \-ˈnȯi-ˌak, -ˈnȯi-ik\ also para·noic \-ˈnȯi(-i)k, -ˈnô-ik\ adjective or noun
— para·noi·cal·ly \-ˈnȯi(-i)-k(ə-)lç, -ˈnô-i-k(ə-)lç\ adverb
 
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