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. QE MBS ends at QE MAR! Yes.
     
    #221     Mar 24, 2010
  2. Anyone who sold short the open is doing very well right now.

    Luckily for myself it was one of the biggest positions i've ever taken.
     
    #222     Mar 24, 2010
  3. yes, but the cold weather discouraged buyers. i am starting to realize that this winter must have been freaky cold. it discouraged home buyers, job seekers and who knows whom else.
     
    #223     Mar 24, 2010
  4. I am 100% honest and sincere when I say I hope it works out for you, mate. I just don't think it will given the past. But that's not to say this isn't the time it changes.

    I would love nothing more than to get back to a market that makes some sort of sense.
     
    #224     Mar 24, 2010
  5. VIX is through the roof on hardly any SPY drop. this is suspect: too much fear for the real drop to take place today.
     
    #225     Mar 24, 2010
  6. Thanks. I'm not saying this will be the end of the rise. We could could literally go thru the 07 highs IMO. But this is going to be an area where I can short safely and know that a tight stop is all I need.

    Stops: First one's above today's high now (1/2) and then the other's above yesterday's high (1/2). If it closes near the open today or above i'm out 1/2.

    I'll be back in on any other sign of reversal.

    1/3 comes off @ 1R so if we get a hair below the lows, i'll be reducing this position.
     
    #226     Mar 24, 2010
  7. And there it is. the inivisible hand that lifts markets again back to the highs of the day with no volume. buy all dips.
     
    #227     Mar 24, 2010
  8. Wow! We closed down! Looks like you made a good call. Of course this means we'll just go up 200 tomorrow :)
     
    #228     Mar 24, 2010
  9. And futures up, almost as much as what was erased. Heh...
     
    #229     Mar 25, 2010
  10. S2007S

    S2007S

    Waiting for the reaction from this mornings job numbers.

    Should boost the dow to 11k by 10am.
     
    #230     Mar 25, 2010