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Give it a few days and it will go down like a 737 with rudder issues.737controller wrote:I went massive short during pre-market around 730ESt so need this btch to burn
The short interest chart from ZH is misleading (why am I not surprised?) At Nov 15, SPY was at 126.12. Two weeks before at Oct 31, SPY was at 125.45 and so the reduce in short interests is understandable. Fast forward to today and I can bet you that the short interest today is much higher.Al_Dente wrote:New short interest numbers released today
http://online.wsj.com/mdc/public/page/2 ... tml#shortD
And nice short int chart from zh
http://www.zerohedge.com/news/no-new-sh ... -month-low
Maybe that argument works and maybe it does not, but normally it is not all up or all down. Need some chop in between. Do you think the ES will make new highs on daily chart in the next 10 trading days. At the current time, I view making new daily highs as not likely.Dow Trader wrote:Because Vix above 30ActiveTrader wrote:Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.
Nice call!MrMiyagi wrote:119.47$ at the close today perhaps...
PolarBull wrote:The short interest chart from ZH is misleading (why am I not surprised?) At Nov 15, SPY was at 126.12. Two weeks before at Oct 31, SPY was at 125.45 and so the reduce in short interests is understandable. Fast forward to today and I can bet you that the short interest today is much higher.Al_Dente wrote:New short interest numbers released today
http://online.wsj.com/mdc/public/page/2 ... tml#shortD
And nice short int chart from zh
http://www.zerohedge.com/news/no-new-sh ... -month-low
And I can see that we have a massive amount of bears here. 1100 by end of week? Maybe I should take this as a contrarian indicator.
Well that didn't last long stopped out...still with small gain. Tomorrow seems to be pointing to bullish results.SB73 wrote:Good to know I am on the opposite side of the trade, but still may close out before close.BullBear52x wrote:Thanks Cobra and everyone,
TA. Shorts squeeze is in the making, how I know? when most people realized it tomorrow. I joke I joke have a good one.
Thanks.. a little off though, mind you; I'd rather be off on the upside anyday I am not short.chodaboy19 wrote:Nice call!MrMiyagi wrote:119.47$ at the close today perhaps...
BullBear52x wrote:Thanks Cobra and everyone,
TA. Shorts squeeze is in the making, how I know? when most people realized it tomorrow. I joke I joke have a good one.
737controller wrote:crash and burn......
" new daily highs " you mean above 1370 ?ActiveTrader wrote:Maybe that argument works and maybe it does not, but normally it is not all up or all down. Need some chop in between. Do you think the ES will make new highs on daily chart in the next 10 trading days. At the current time, I view making new daily highs as not likely.Dow Trader wrote:Because Vix above 30ActiveTrader wrote:Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.
Buckethead wrote:however people want to spin it today, a 30 handle up day is a 30 handle up day.
Above 1289 on ES.Dow Trader wrote:" new daily highs " you mean above 1370 ?ActiveTrader wrote:Maybe that argument works and maybe it does not, but normally it is not all up or all down. Need some chop in between. Do you think the ES will make new highs on daily chart in the next 10 trading days. At the current time, I view making new daily highs as not likely.Dow Trader wrote:Because Vix above 30ActiveTrader wrote:Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.
I don't think we it will go there in 10 days ( but anything can happen specially with Euro news these days ) because the amount of resistance areas in the way up are a lote and clear.ActiveTrader wrote:Above 1289 on ES.Dow Trader wrote:" new daily highs " you mean above 1370 ?ActiveTrader wrote:Maybe that argument works and maybe it does not, but normally it is not all up or all down. Need some chop in between. Do you think the ES will make new highs on daily chart in the next 10 trading days. At the current time, I view making new daily highs as not likely.Dow Trader wrote:Because Vix above 30ActiveTrader wrote:Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.