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when can this happen? 4 point range is so damn boring. even my noise trading bot cannot get anythingBullBear52x wrote:SPY 134.64 is what I am eyeingsoku wrote:es need to drop below 1343-44 to be tradable
not sure why it is dropping. could be s&p talking about US rating
There is a cycle turn date on Feb 10th, which usually indicates a 4% or more correction. Of course, we won't go straight down...EvilTrader wrote:Late buyers always end up in tears...BullTart wrote:Today, the morning dip buyers will get burned, and so shall start what will at least be a short term pullback.
Here is one of my 'looks'...
TVIX leading the way, TZA trailing.
AGQ leading the way down, SPY trailing. AGQ = hot money, so SPY should follow suit.
Expect a temp rebound here driven by hapless dip buyers, then a reverse and a short term panic exit to the doors by sketchy bull late comers.
Now is time to be short or in cash.
Im a beliver in a greater correction...about 4% to reset the shit.
Always leave too soon. Need to work on that. Good luck everyone.quatzl wrote:Finally a scalp on the short side that went according to plan. On 5 min, IWM hit previous high, came down, and paused at recent triple top. ROI 13%
the right shoulder is too high, so the max it's double top now.knurbs wrote:Cobra- Is it possible we're forming a right shoulder on the daily SPY?
BB, putting DBV on elders system is an excellent idea, indeud!BullBear52x wrote:I will keep shorting and be nimble until bears can take out 133 (SPY) if not a good swing set up will have to wait.jimme wrote:BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
An event like this usually marks a market top.
FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
got out of my YUM calls this morning also. the more risk sensitive stocks seemed to have been leading this down...i also got out of my CMG calls. i wanted to hold both for a bit longer, but as some wise-guy said, "no one ever went broke booking a profit".ClarkW wrote:FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
I guess it is a sell the news kind of day...Europe news?? Have we heard it yet? Or did we just meet time and price objectives...Cobra wrote:I don't see sell yet. What's the news?TraderGirl wrote:Cobra, looks like we will sell the news today, what do you think??Cobra wrote:the open.
Yes, kudo to Cougar on this one, my reading is 12.13% not bad. UNG is looking attractive too, trade back under 5dma but not a bad basing. watching this one everyday too.ClarkW wrote:FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/