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baron, is 390/5min your equivalent to 5/daily?BullBear52x wrote:I don't know we have the same time frame but this is 5 min. under 5 dma, this is not like buying the dip when it trade above hmm...
I had a long discussion with a friend of mine who is 20 years younger and teaches Econimics with a PhD from a top school. He has followed the mkts for years. He makes a great case that fundamentally, the S&P can't support a price that is 50% of this level.="dcurban1That is the frustrating part for the shorts who are needed for effective capital markets.
Of course the more you push it higher the larger the eventual fall.
totally agree. I really like at 1240 to 1260 target then we shall see from thereBullBear52x wrote:sell the rally yes, buy the dip no from this point see?
very nice point and intc reports next week--stock messing around towards/with options clusters. (eg not looking good right now) sigh. . i remember when smh and semis used to lead on the upside but yeah see your point. another issue notice that various people are giving up on puts--and there is a great deal of comment on how strong things are (right now).TraderGirl wrote:Semi's are weaker than the rest of the market, can sometimes lead on the downside and lag on the upside...
Please don't jinx it by show on the retailers bearish. I know Dr Al, bull bear, stucap, jarbo and I think it is in and I get the feeling Cobra. Le me just say though that we could very easily have yet another retest.Cobra wrote:OK, poll time, let's see how many of you think the top was in. viewtopic.php?f=9&t=424
me but it doesn't count since my stuff is late jan early feb in nature (nymo idea)jarbo456 wrote:who's holding short over the weekend? i'm forced to with the 10 handle recovery in /ES. i would've liked to have held HALF of the position i'm in right now.
You pay attention to my chart Dr. Al. sharp eyes. the answer is "Yes"Al_Dente wrote:baron, is 390/5min your equivalent to 5/daily?BullBear52x wrote:I don't know we have the same time frame but this is 5 min. under 5 dma, this is not like buying the dip when it trade above hmm...
jarbo456 wrote:HAHA. who just saw that spike?
What the hell was that spike all about? Wait until there is no liquidity and buy 5 shares????jarbo456 wrote:HAHA. who just saw that spike?
Cobra wrote:well, guess that's it for today. As I said before, with Normalized CPC this low, I don't think the market has much room left on the upside even today turns out to be a bear trap. We'll see. Thank you guys, I'll see you THE NEXT TUESDAY!