The Intraday US Stock Market Discussion Board
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I like your comments and am holding long and shorts.Mr. BachNut wrote:Still carrying pilot short.
Still anticipating SPY 126 +/-2 through OPEX.
Caveat - There is some big put open interest below 126. If big funds hold those as a hedge, they can sell into opex with impunity if they want to raise cash. Just to be aware. Can't say what will happen.
The focus on this symetrical triangle is huge. The chatter is everywhere. It is turning into a perfect setup for Mr. Market to mess with everybody. It will be interesting to watch. The balance of opinion on it as I canvass the landscape is bullish, but I am seeing both sides represented. My contrarian instinct is to discount the triangles reliability. While the initial breakout is likely to be bought or sold (potentially after a large overnight gap), I will be suspicious of any breakout as a potential trap and look for other evidence to support where the next trend will be going. I do have a small short here, but I view odds as 50/50. Given its size and the stop, it is just a little something to give me some extra asymetry if things head south.
good to hear that, thanksBullBear52x wrote:Dow Trader, I like your charts too.Dow Trader wrote:nice chart, thanksBullBear52x wrote:max pain is at 124
Fundamental will eventually reveal at the end. TA is for short term, Bulls or Bears as I may sound I am trying to survive this market just like most of you shark out there. I am just one little fish.Al_Dente wrote:Paging Baron von Grizzly52
Compare the a/d and tick with 9 nov?
Bears have LOTS more room to crash IF IF they want to
Bears need more cowbell.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380
nice quien; thanksquientuves wrote:Does it have sense?? (i think this is my first chart here...
well sometimes when i get freaked the ideal move is to change perspective--generally in terms of time frame. if i go smaller stuff looks different--or if that fails thinking larger may help. usually when i am blocked--it's my approach that is wrong--as opposed to "unclear market conditions".jarbo456 wrote:agree with both of you.taggard wrote:agree totally on epic fixation on triangle and your shading of that fixation as (mildly skewed) bullish. often triangles that are 66% towards the narrow end (so the older the closer to the end)--create meaningless moves afterwards--ideally the triangle breaks as early on as possible. could be options exp is impacting movement? personally i would like to see a false break (sucking in all these triangle guys) that reverses into a rage or inverse move. (so if they think up and it breaks up and they jump on--and we get slammed or less preferable we break down and they jump on and we go up.) But i like the idea of discounting the triangle lets see if that works at all.
i'm afraid that there is a decent amount of smart traders on the sidelines that will jump in when the triangle breaks. if it breaks lower, they will jump in to buy into the santa rally. if it breaks higher, they will chase the beta.
so even though it's 50/50...i'm afraid it might just all go up, up, and up. -_-
i don't know though, maybe i'm just psyching myself out.
I'm waiting also but will not buy SPY short until we break 1240-BullBear52x wrote:How long the 20dma or mid BB will hold with Lower High. this is like the third bulls can not make a new high after support. OK I am done posting my long view. in few minites I will start buying Shorts ETFs just wait for some more indications, so far bears favor
Yes, 124 is good number. here is my Fib extensions.KENA wrote:I'm waiting also but will not buy SPY short until we break 1240-BullBear52x wrote:How long the 20dma or mid BB will hold with Lower High. this is like the third bulls can not make a new high after support. OK I am done posting my long view. in few minites I will start buying Shorts ETFs just wait for some more indications, so far bears favor
99er thank u if you were the one who yest posted a great link to Hawaiian news where China told Obama that they didn’t want to play by “rules” that they had no hand in making. That one WAS truth...99er wrote:Quote of the Day
"Every province in China is Greece."
http://globaleconomicanalysis.blogspot. ... krupt.html
pip for bip. testing the larger trend line. i think if it breaks above it and sustains, we'll end today green in equities.pady wrote:Is it me but we are following EUR/USD every move ? It popped now and we did too.
The hardware equivalent of the Cloud is even lower than our current sever. You want it worse?pady wrote:cobra - why pay so much for a server ? You use Amazon cloud - will come out much cheaper. What volume do you get per month ( Gb ) ?
