Discussion in 'Trading' started by PaulRon, Oct 19, 2010.
I'm staying short til below March 09 lows
haha nice pic.
One thing I noticed is that when the markets are down between 1-2% there is just an incredible amount of pushing and shoving in the market, the volatility is just all over the place, but when the markets are surging 1-2% they hardly experience any kind of quick up and down movements, its just a slow steady turtles pace to the close.
You guys aren't roaring!
Here is your roar , buddy,
Lol you'll see tons of people say they were short right at the top yesterday neglecting to say they lost 90% of there accounts shorting the past 6 weeks.
Was one of the trickiest tops I've ever seen, I called the top myself about 5 times
Not only will IBM earnings out Monday set the tone for Tuesdayâs trade â but they could set the tone for the next 5 weeks.
At least that's what a research note from Bespoke would suggest.
As you may know IBM [IBM 137.19 -5.64 (-3.95%) ] reported after the bell - but what you might not know is that IBM's one-day post earnings direction is same as S&Pâs direction over next 5 weeks 80% of the time, according to Bespoke.
In other words if we see a gain in IBM on Tuesday we should see a gain in the S&P 500 over the next 5 weeks, explains host Melissa Lee.
Get outta here you dirty bull
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