I sense a rally in the market

Discussion in 'Trading' started by hajimow, May 8, 2012.

  1. Yes I think the fact that the yield on the 10yr is now well under 2% must have something to do with the stock market's resilience of late, there is simply no more money to be made in bonds, its a hobson's choice.
     
    #51     May 9, 2012
  2. Go down and stay down!

    I've been short since NQ was at 2732.50 April 27th.

    When markets fail to make higher lows.
     
    #52     May 9, 2012

  3. Considering your performance on those places you advertise your trades you being short is a breath of fresh air for my longs.
     
    #53     May 9, 2012
  4. Not really.

    When breaches to lower lows happen, they tend to keep happening, and that is the trend temporarily.

    We are not oversold enough to see any kind of rally. I have trail stops in place for that scenario.

    Looking for the market to make another breach lower low before bouncing back into the uptrend.

    After the market made these new lows, the next oscillation was a lower high, meaning there is more likelihood of a decline before there can be a rise.
     
    #54     May 9, 2012
  5. hajimow

    hajimow

    Everyday has its own character but I say tomorrow should be interesting.
     
    #55     May 9, 2012
  6. Yes, we see 2580 on NQ, Apple below $550.

    Interesting indeed.
     
    #56     May 9, 2012
  7. AAPL below 550 tomorrow? loool
     
    #57     May 9, 2012
  8. Well, the Apple below $550 won't happen, but 2580 will.
     
    #58     May 9, 2012

  9. going to prognosticate.

    furious rebound on the horizon.
     
    #59     May 9, 2012
  10. Like the 9:19 buy yesterday followed by 1% down?

    We're not to an oversold level, making you early, once again.

    If those of you long don't see the price pointing negative third percent, the chances that you can prevent it from declining further are as about equal to having $5.75 billion.
     
    #60     May 9, 2012