Boy Who Cried Bear Says We Are Going Down

Discussion in 'Trading' started by shortie, Mar 12, 2010.

SPY Next Week

  1. Bullish

    28 vote(s)
    18.3%
  2. Flat

    15 vote(s)
    9.8%
  3. Bearish

    46 vote(s)
    30.1%
  4. I am sick and tired of you kids playing the prediction game

    64 vote(s)
    41.8%
  1. No, that's cool. I understand the drive to want to make a trade based on technicals, overbought conditions, divergence, whatever. I had that from March through August of last year. Until I realized that all my indicators, in fact most indicators completely, were irrelevant in the face of a "controlled" or manipulated market. It all goes out the window. So until it returns, I buy on dips, with smaller than average positions, and I keep my stops tight.

    And it's worked since August. Eventually, that'll change. And when it does, I'll get stopped out (once) and re-think.
     
    #111     Mar 16, 2010
  2. S2007S

    S2007S

    Buy before announcement, I think they will be able to push it to 10750+ 5 minutes after announcement which is going to be the same wording as the last 20 fed meetings.
     
    #112     Mar 16, 2010
  3. S2007S

    S2007S

    No change, NO CHANGE.

    KEEP BUYING!!!!!!!!
     
    #113     Mar 16, 2010
  4. And there we go! Off to the moon! Fed printing continues into the foreseeable future. Banana Ben to the rescue!
     
    #114     Mar 16, 2010
  5. noddyboy

    noddyboy

    I did buy -- seriously...this is great.
     
    #115     Mar 16, 2010
  6. noddyboy

    noddyboy

    EWZ up 79 bps
    GLD up 165 bps
     
    #116     Mar 16, 2010
  7. S2007S

    S2007S


    NICE keep buying

    market looks like its headed to 14k by June!!!!


    :p
     
    #117     Mar 16, 2010
  8. noddyboy

    noddyboy

    No, I am done buying...pretty much holding till June when I pretty much will sell it all and maybe reverse.
     
    #118     Mar 16, 2010
  9. noddy, please stop quoting that S2007S guy.
     
    #119     Mar 16, 2010
  10. noddyboy

    noddyboy

    I am a little sentimental. I remember how he was right in 2008 when we were bearish together...Don't think his logic is wrong, but premature.
     
    #120     Mar 16, 2010