is everyone bullish again..... Tomorrow I add more shorts and inverse funds... DXD TWM EEV FXP SMN DUG im buying them all...... Im actually hoping for another triple digit rally.....
HFT2, I am a bit confused. You tell me that you are an options trader that prefers using Iron Condors and straddles. Neither of which strategy cares if it's a bull or bear market. Then I see you constantly bashing on bears and short sellers like the only strategy you use is going long. It just doesn't make sense. What is the motivation?
Yes I use options mainly. But when you have a fast & furious rally I use stocks and I use daytrading setups . Exit entry, pivots, support resistance I min and 5 min charts and moving averages. Bears and short sellers have done so much damage to the markets that all these charts are beyond recognition. Its like some one has peppered them with a howitzer cannon. These people have brought us down to levels which a normal recession would not have. They made money doing it at your expense of course.
There is no way with a new administration coming to Washington that we are going to start some new bull run. Get that out of you head. Maybe in 2010. Look the market is just churning and will continue to do so till the election. The deeper the bear market the longer the next bull. The shorter and more manipulated the bear the shorter the next bull. I would not count on big gains from buy and hold for quite some time. The damm government and the fed wonât let a decent decline happen so we can buy on the cheap. So we get some shitty returns from the market. It's so friggen hard to find any place to get yield right now, damm fag fed.
Damage my foot, we are doing nothing but playing ping pong here. ZOOM UP ZOOM DOWN. No follow thru either way for the last 3 months.
Aaron Copelnd is a short. He wants to see America decimated, he wants to take away wealth from our people. He is a screen jockey with an evil will and determination. You are done pal. Your days are over try shorting the market tomorrow see what happens to you. I know the evil ones will come back..
Show how much you know. I am long SP futures from yesterday. Go see for yourself. http://www.elitetrader.com/vb/showthread.php?threadid=123510
Not at my expense. I am making money no matter which way the market goes or even if it sits still. That's the power of options.
I view the chart a bit differently. to me we are in a down trending channel and cannot move into a bull market until the upper channel boundary is broken. <img src="http://www.fantasydaytraders.com/eqpics/SP1yr.jpg">