Who's stupid enough to be shorting these levels?

State your business

  • Short, we're toast

    Votes: 118 61.8%

  • Long, USA isn't going anywhere

    Votes: 35 18.3%

  • Short NOW converted to long

    Votes: 29 15.2%

  • Long NOW converted to short

    Votes: 9 4.7%
  • Total voters
    191
Been in cash now for a while.

God help me, but averaging down into the DIA's at these levels slowly. Its painful to do so, too, but I have to. Just can't accept the conventional view of total armageddon. I Could see myself buying down at 6500 too. If its the end of the world, I don't think much is going to matter any more, so might as well dip my toes back in the water. I mean - do you really think its going straight back down to 2500? (might get there but there at least should be some sort of bounce along the way)

Full disclosure: long DIA

What a world we live in.
 
the only people dumb enough to short this market are less dumb than you-and much more profitable than you.
You havent been trading for shit amount of time to be telling people youve been trading 2x as long as they.

ask riskfreetrading how it feels to sell puts today and brag about it nd then have it implode in his face...he got humiliated and annihalated today...
 
Quote from lescor:

Please explain...
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I will. The loosest definition of the term would be when the market is more than 50% below it's lowest point and it's highest point. I personally would consider a "full-blown" bear market to be new all-time lows.
 
Quote from athlonmank8:

I will. The loosest definition of the term would be when the market is more than 50% below it's lowest point and it's highest point. I personally would consider a "full-blown" bear market to be new all-time lows.
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oh you make up your own rules and definitions of market indicators in your mind and therefore it is fact?

this place is littered with riskfreetrader,stockturd3,athlon8 idiots who dont know jack but spout off huge.
 
Quote from dsq:

the only people dumb enough to short this market are less dumb than you-and much more profitable than you.
You havent been trading for shit amount of time to be telling people youve been trading 2x as long as they.

ask riskfreetrading how it feels to sell puts today and brag about it nd then have it implode in his face...he got humiliated and annihalated today...
More...

Sure. I'll divulge.

For starters I said the market has at the MOST 2-300 points of downside left.....I'll leave it at that.

The market will move up. Just like I said it will move down on Oct. 11....it will move up either middle of this week or early next week.

For the record...(AND as a slight insult to yourself)

This posted the EXACT day the market made the top.......
http://www.elitetrader.com/vb/showthread.php?s=&threadid=106444&highlight=recession

This posted 4 days after
http://www.elitetrader.com/vb/showthread.php?s=&threadid=106704&highlight=recession


I've got a vast assortment of calls sitting in my account....some in since Thursday and some added today and my account is showing a decline of less than 10% on all invested capital (hmmm how'd I do this?). I'm cool and collective.....

The rally is coming Wed more than likely though.
 
Quote from dsq:

oh you make up your own rules and definitions of market indicators in your mind and therefore it is fact?

this place is littered with riskfreetrader,stockturd3,athlon8 idiots who dont know jack but spout off huge.
More...

Ok...since you're the genius. What is a bear market. You define it and tell me why.

I'm not making up definitions......I'm using common sense. If you knew anything about that you wouldn't be bitching up a storm.

Wow. Why are you whining?

I'll just post this again I guess......

Sure. I'll divulge.

For starters I said the market has at the MOST 2-300 points of downside left.....I'll leave it at that.

The market will move up. Just like I said it will move down on Oct. 11....it will move up either middle of this week or early next week.

For the record...(AND as a slight insult to yourself)

This posted the EXACT day the market made the top.......
http://www.elitetrader.com/vb/showt...light=recession

This posted 4 days after
http://www.elitetrader.com/vb/showt...light=recession


I've got a vast assortment of calls sitting in my account....some in since Thursday and some added today and my account is showing a decline of less than 10% on all invested capital (hmmm how'd I do this?). I'm cool and collective.....

The rally is coming Wed more than likely though.
More...
 
We need longs to ensure we have further to drop!

Thanks for giving me that extra assurance I needed!

If stock_turdl3r ever disappears, I'll have to reassess my paradigm/structural view.
 
Quote from soseki:

Take a look at previous major depressions. They all lasted for atleast 16 months and this one is bigger than any of them. Why do you want to go long now?
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I have a feeling that the information age makes the falls much faster. I’m not saying we are coming out any faster, just that I think the dive is more steep.
 
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