Attention: I am now short!

Any opinion about the future of the price? Do not confuse future price with past price -- the latter is useless but appears to be the darling of drama queens who do not miss an opportunity to talk about the hindsight.

 

So are most opinions.

 

Yet another absolutely priceless gem from ET's resident philosopher-king, TJ.

 

looks like a boring flat market for the next two months as all the option bets bull and bears get frustrated. Volatility is always low around the holidays, but each year, people feel like doubling down as the year ends, like lemmings over the cliff.

 

I think he's that guy Bearice.

 

And 13 days later...

 

I suppose being cut of at the knees would make one rather short.

 

Note that a cut at the head is always less desirable than a cut at the knees.

 

Well the op made an absolutely horrendous call here, and looking at the chart, NQ specifically, last Higher low was around 2290 and while remaining bullish I can see on the chart it would be very difficult to break into the 2360 to 2350 range so I don't think we're going quite that low but we're probably going to have a slightly lower open tomorrow given what the futures are doing tonight but there's really no question that the chart appears to be setting up for yet another higher low and will probably make another move higher for some fresh 52 week highs and 2011 Highs.

 

or not.