01/10/2013 Live Update

[ClarkW]

Anyone long NUGT, be careful, MFI is "up there" on 30 min chart

[deeko]

Short small XIV here, I like the candle

@19.53

I still don't get that signal, where is it when you need it? Oh! here something to look at ES daily double top

What are your thoughts on tomorrow? Do we pullback? I have a put spread on that I didn't close. I;m wondering about the chances that we close below 1470

[KeiZai]

Short small XIV here, I like the candle

@19.53

I still don't get that signal, where is it when you need it? Oh! here something to look at ES daily double top

me neither this is just for fun with yesterday´s wussie 0.40 gain stop

[BananaStand]

374.png

Yeah, at the mom the bulls don't have a story. Without no news it's diffiuclt to keep the rally going.

i thought you had said earlier in the morning that you are bullish the market.

your P&F charts are always a little more conservative than mine...where i'm eyeing a 1600 price objective (timing of getting there is still in question).

you're P&F charts are also reading bullish...but cautiously so...mine are bullish - aka the same story, but told differently.

that's all i meant to say.

with that being said, as bullish as i am, i just sold down my FAS position to 1/4 the original 50k size that i bought on Dec. 21st.

you can be right, and still lose money in this market.

REALLY nice buy with that FAS position. Dinner is on you, huh?

[Jcantrade]

went short based on this chart.

[BullBear52x]

Short small XIV here, I like the candle

@19.53

I still don't get that signal, where is it when you need it? Oh! here something to look at ES daily double top

What are your thoughts on tomorrow? Do we pullback? I have a put spread on that I didn't close. I;m wondering about the chances that we close below 1470

it is what it is for me, so far it's up and I see new set up for a buy entry after the over bought pull back, for tomorrow I think the ES will be sold off over night from where it is chances are high for a pull back until the good guys show up

[MrMiyagi]

Maybe? Maybe not?

[Mr. BachNut]

"We're never going down again!!!!"

Everyone back in the pool! The water is fine...

Mr.Bachnut, Your analogy of getting everyone in the pool is really nice, love it. but now at the moment question, how much time do we have to get out if we happened to get ourselves wet in the pool. lets say a draw down is 3%.

There will be no whistle blown when the sharks are released. We are on our own.
The greediest and the slowest become lunch.
You are pretty fast it seems.

[Mr. T]

"We're never going down again!!!!"

Everyone back in the pool! The water is fine...

Mr.Bachnut, Your analogy of getting everyone in the pool is really nice, love it. but now at the moment question, how much time do we have to get out if we happened to get ourselves wet in the pool. lets say a draw down is 3%.

There will be no whistle blown when the sharks are released. We are on our own.
The greediest and the slowest become lunch.
You are pretty fast it seems.

Bears are in the pool getting eaten right now.
Bulls are waiting for the next swim session to start so they can jump in.

[Mr. BachNut]

"We're never going down again!!!!"

Everyone back in the pool! The water is fine...

Mr.Bachnut, Your analogy of getting everyone in the pool is really nice, love it. but now at the moment question, how much time do we have to get out if we happened to get ourselves wet in the pool. lets say a draw down is 3%.

There will be no whistle blown when the sharks are released. We are on our own.
The greediest and the slowest become lunch.
You are pretty fast it seems.

And I am slow...

[BullBear52x]

"We're never going down again!!!!"

Everyone back in the pool! The water is fine...

Mr.Bachnut, Your analogy of getting everyone in the pool is really nice, love it. but now at the moment question, how much time do we have to get out if we happened to get ourselves wet in the pool. lets say a draw down is 3%.

There will be no whistle blown when the sharks are released. We are on our own.
The greediest and the slowest become lunch.
You are pretty fast it seems.

Thanks, day trade I don't wait long when I am wrong, out first ask later. it's fishy but some time you will have to close your nose and dive in

[Out of Bounds]

Inverted hammer on the VIX

[deeko]

Short small XIV here, I like the candle

@19.53

I still don't get that signal, where is it when you need it? Oh! here something to look at ES daily double top

What are your thoughts on tomorrow? Do we pullback? I have a put spread on that I didn't close. I;m wondering about the chances that we close below 1470

it is what it is for me, so far it's up and I see new set up for a buy entry after the over bought pull back, for tomorrow I think the ES will be sold off over night from where it is chances are high for a pull back until the good guys show up

thanks. good luck tomorrow.