Who's fading this move up?

Quote from stock_trad3r:

Another huge day of buying :p

don't fade this rally unless you enjoy losing money
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You also said Goog was going to 750 and you fell completly on your ass because it's at 360.
 
i am, to me looks like a bear trap taking in all the suckers, election rally another excuse, if obama wins wh i think he will, replacing one idiot /w a simple minded, not much a change way i see it
 
Quote from stock_trad3r:

Another huge day of buying :p

don't fade this rally unless you enjoy losing money
More...
n

So far it looks like fading is working very well. There is a lot of selling pressure that will likely continue. Latest data I'm seeing is that the carnage continued for many hedge funds in October resulting in even more funds gating and closing down operations.

I'd suggest staying on the sidelines until bad news no longer moves the market. I think there is a good probability that the market will flat line for a few weeks before a sustainable rally takes place.

-Neo
 
Quote from Neodude:

n

So far it looks like fading is working very well. There is a lot of selling pressure that will likely continue. Latest data I'm seeing is that the carnage continued for many hedge funds in October resulting in even more funds gating and closing down operations.

I'd suggest staying on the sidelines until bad news no longer moves the market. I think there is a good probability that the market will flat line for a few weeks before a sustainable rally takes place.

-Neo
More...


SURE DID, my SKF and QID are up nicely over the last 3 weeks, cannot complain.

sold 1/2 of my QID in the mid 70's and sold about 25% of my SKF yesterday and bought some UYG on the DIP.
 
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