Extremely Intresting Market Still Ahead: We Are At A Crossroad

Discussion in 'Trading' started by shortie, May 10, 2010.

Most Likely: New 2010 Highs or New Lows First?

  1. New Highs Within 1-2 Weeks

    13 vote(s)
    13.3%
  2. New Lows Within 1-2 Weeks

    19 vote(s)
    19.4%
  3. New Highs Within 1-2 Months

    12 vote(s)
    12.2%
  4. New Lows Within 1-2 Months

    26 vote(s)
    26.5%
  5. Range Between 2010 High and Low For Months To Come

    18 vote(s)
    18.4%
  6. I prefer not to say

    10 vote(s)
    10.2%
  1. S2007S

    S2007S


    Yea I think some upside is due in these markets, I went long SMH for a bounce back to $28.50-$29 area.
     
    #81     May 19, 2010
  2. Famous last words. Long at 1100 even.
     
    #82     May 19, 2010
  3. Quote from shortie:

    my proprietary reasonably sophisticated neural network projects a short-term bottom (should hold for ~1 week at least) tomorrow SPY ~109.8

    Futures are dropping:
    E-mini S&P 500 (Dollar) Jun 10 1107.75 -11.00
    E-mini NASDAQ-100 Jun 10 1872.75 -15.25

    Mark this post!


    ***correction*** ~108.7 level was wrong because i made an error in my calculations.

    i am sticking to my original 109.8 level. i am likely to be proven wrong even as i am typing this but i will stick to my prediction.

    current SPY 109.4 pre-market

    Buy the dip, you pikers!
     
    #83     May 20, 2010
  4. I am buying in 20 pt increments ....
     
    #84     May 20, 2010


  5. No, f'ing way. Not after a 1100 break. Flee, flee! Rome is burning.
     
    #85     May 20, 2010
  6. noddyboy

    noddyboy

    Now we hit the real 200SMA finally, and we can buy the dip...
     
    #86     May 20, 2010
  7. Toldja!

    You can buy the MA dip like Noddy said, but you'd better not hold it for too long.

    [​IMG]
     
    #87     May 20, 2010
  8. 5/18 9:22 AM
    5/18 8:45 PM
    Marked :cool:

    5/19 11:50 AM
    5/19 8:53 PM
    Might as well make another 2 calls for a bottom today shortie. You are bound to be right one of these days!

    Trading at its finest folks.
     
    #88     May 20, 2010
  9. Was the same with the top calls, why change strategy! :)
     
    #89     May 20, 2010
  10. exactly! :)

    i pronounce my 109.8 call officially wrong since we have traded almost 2% lower.

    indeed, i intend to keep making my calls until i get one right. one thing i adjusted since my 30 wrong short calls in a row fiasco: for now i only take short term swings at the market. i am positive 2/3 last days (including today), i am mainly buying dips and i am flat at this second but will be buying any reasonable dip for a quick profit.
     
    #90     May 20, 2010