Market is coiling like a snake on crack...

Discussion in 'Energy Futures' started by DisciplinedHedg, Jul 30, 2003.

  1. ...you can almost feel it. Anyone who wants to buy/short anything on the line has done so. And whats left is everyone watching everyone.

    This market is going to break out like an epileptic seizure.

    SP 988. Yawn...It will be fun, and obvious in hindsight.
     
  2. LOL :D
     
  3. See that breakout, bull trap, then breakdown.

    Obvious as day!?!
     
  4. The fifteen minute triangle forming over the last few days is almost to the point. Somethings gotta give pretty soon, imo.
     
  5. riggz

    riggz

    everybody's expecting a move, so most likely it'll just fizzle out and die and go sideways for even more time.
     
  6. bubba7

    bubba7

    I didn't see either of those. There was no entry on brackets today so far. The market is flat in the face of news from two fronts: 8th press conf nd the beige thingy.
     
  7. funky

    funky

    we.......are........entering........trader's............hell.............

    seee.....yyouu......tomorrow..........
     
  8. I bet it breaks to the downside, everybody has been waiting for a BO the past couple of days. It'just isn't coming ... I won't short though, this market has been a killer for shorts.
     
  9. I'll use the WML (With My Luck) indicator:

    Reading 1;
    I quit shorting almost two months ago.

    WML says -
    The market should go down now.

    Reading 2;
    I have an index put in my IRA. I cashed out my call.

    WML says-
    The market should go up now.

    Reading 3;
    Also, quit trading for a bit as we buy house, sell house, move, etc.

    WML says -
    The market should go somwhere now.

    It's too close to call from the indicator.
     
  10. nkhoi

    nkhoi Moderator

    I quit shorting almost two months ago. -kind of

    With my luck -
    The market should go down now. - yes
    Also, quit trading for a bit as we buy house, sell house, move, etc. yes

    The market should go now. -yes

    I have an index put in my IRA. - thinking about it

    The market should go up now. - yes
     
    #10     Jul 30, 2003