Market Neutral.
So far, this looks like a stop run to me with shorts folding in front of Bernanke testimony tomorrow.
We'll see if the buying picks up steam or withers once this has cleared.
I have a long setup that may trigger at today's close (and if not today almost certainly tomorrow) if the bears don't wake up soon.
This is aggravating as it may just top tick this bounce.
Nonetheless I'll dutifully pull the trigger (with risk management) knowing that the gun may be pointed at my foot...
goes as planed. I need see the next few bars before making my next call. so far bulls are not bad.
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Mr. BachNut wrote:Market Neutral.
So far, this looks like a stop run to me with shorts folding in front of Bernanke testimony tomorrow.
We'll see if the buying picks up steam or withers once this has cleared.
I have a long setup that may trigger at today's close (and if not today almost certainly tomorrow) if the bears don't wake up soon.
This is aggravating as it may just top tick this bounce.
Nonetheless I'll dutifully pull the trigger (with risk management) knowing that the gun may be pointed at my foot...
A stop-popping squeeze rally cant be discarded.
After weeks of bearish bias, im bullish biased now.
Today even a fed guy, cant recall his name, hinted operation twist can be extended. So u know what to expect from bernanke tomorrow.
It will boost the market, even if for a short-lived rally. I dont care. We see the big picture, but trade short time frames.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Draghi gives market nothing, they sell it, only to trap new shorts as they cover ahead of Ben tommorrow, who has already telegraphed, he has nothing more than a reiteration that he is "ready" to act...(overly simplistic granted, because the currency market is really seeing some massive unwind thanks to Aussie $) I'm swinging the ES 10 day touch short, will only add at the 20 day.
Cobra wrote:goes as planed. I need see the next few bars before making my next call. so far bulls are not bad.
10 and 13 dma on SPX converging at about 1306. Possible resistance to at least trigger some consolidation? Or are we in face-ripping zone for shorts today?
I don't see a reason for this summer not to be just as choppy as the previous two. Same fears are there: Greece and the other PIIGS, poor economic data here. Likely to be whipsawed by rumors and the economic data point of the day again.
Cobra wrote:goes as planed. I need see the next few bars before making my next call. so far bulls are not bad.
10 and 13 dma on SPX converging at about 1306. Possible resistance to at least trigger some consolidation? Or are we in face-ripping zone for shorts today?
here comes the ES daily 20 day kiss...in 3 sessions off low....please! you cant make this up...wait until the imminent Moody bank downgrades hit...all on declining volume.
So ...... one rally and EVERYONE on this board is bullish now ??
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"