 |
HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
01-23-12 04:06 AM
Quote from noob_trad3r:
What is funny is the TV pundits always seem to tell people to sell when SPY was trading at 107-121
and now at 129s they are telling people to buy.
Thats always this way in all asset classes.
The sheeps buy when price is high and sell when its down.
Let be them little good sheeps, which they are, they deserve to lose money, because thats their way..........
i luv those sheepys, so cute
|
| |
|
Edit/Delete • Quote • Complain |
galvinlee888
Registered: Dec 2008
Posts: 665 |
01-24-12 11:19 PM
Quote from galvinlee888:
It is always good time to view the weekly outlook for this week (1/23-1/27).
My view is that the market will do a very small pull-back after a big rally last week, but ultimately will move up again in mid to end of the week.
This is just my complete gut feeling and I am almost flat at the moment (with a few ES contracts with tight stop loss) ..
Any input or market view is welcome.
I personally believe the pull-back is over since Tuesday (1/24), the market open down but gradually moving up - another sign of strong buy orders (from those fund Mgr with IQ=80) are sitting around in the market which absorb any sell.
I expect rally ahead.
|
| |
|
Edit/Delete • Quote • Complain |
newwurldmn
Registered: Apr 2011
Posts: 2662 |
01-25-12 12:04 AM
Quote from HATEtheRisk:
Thats always this way in all asset classes.
The sheeps buy when price is high and sell when its down.
Let be them little good sheeps, which they are, they deserve to lose money, because thats their way..........
i luv those sheepys, so cute
Since you undertand them so well, you must be a billionaire by now.
|
| |
|
Edit/Delete • Quote • Complain |
S2007S
Registered: Aug 2006
Posts: 13849 |
01-25-12 12:25 AM
SPX headed to 1350+ who knows where it goes from there, but after a strong rally a selloff usually occurs, just like oversold markets tend to bounce hard, overbought markets tend to sell off quite hard as well. Also do not forget that markets take the stairs higher and the elevators down.
|
| |
|
Edit/Delete • Quote • Complain |
bone
ET Sponsor
Registered: Apr 2002
Posts: 4338 |
01-25-12 01:16 AM
Amazing how the retail crowd is convinced that they are correct and the market is wrong.
Markets are worth what buyers are willing to pay for them. 1370 is your target. If this market was over-valued, it would be sold off. Does it look peaky and overbought ? Sure. Go ahead and fade it. You are right and the market is wrong. Market timing is a fool's errand.
__________________
Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com
|
| |
|
Edit/Delete • Quote • Complain |
galvinlee888
Registered: Dec 2008
Posts: 665 |
01-25-12 10:15 AM
My view on the market for this week still remain the same ...
Small pull back first, but the market will rally in end of week.
Too many Fund Manager (with IQ=80) are buying now for every dip, may be they dream of to recoup their underperformance result last week.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
