Selloff

Discussion in 'Trading' started by tradingjournals, Jan 10, 2013.

  1. hajimow

    hajimow

    agreed
     
    #11     Jan 17, 2013
  2. luisHK

    luisHK

    100% short today, and some long BOND , getting crushed :(

    Still a good month but feeling the pain - holding short
     
    #12     Jan 17, 2013
  3. S2007S

    S2007S

    This guy is saying 1650, do I hear 1725, 1795, 1856, 1934, 2009????

    Just keep buying, no risk, as long as BUBBLE ben bernanke can keeping pumping the markets with worthless dollars there is only one way and that way is up!


    Talking Technicals: The Path to 1,650 for S&P 500
    By Matt Nesto | Breakout – Wed, Jan 16, 2013 8:05 AM EST
    Email


    Remember green shoots? Those optimistic anecdotes that were flooding the market in 2008 and 2009 concerning every glimmer of hope that the worst recession in 75 years was ending, or at the very least stabilizing?
    While those little sprouts ended up getting strangled by relentlessly high unemployment and stubbornly slow growth, the stock market has never really looked back and is set to mark its fourth anniversary, albeit at a time of heightened worry ahead of the fiscal cliff follow up fights I like to call the February follies.
    And yet, through this fog of fear, Ryan Detrick, sr. technical strategist at Schaeffer's Investment Research is looking for another 15% this year and is taking comfort in the strength of small caps.
    "The small cap leadership is a good sign," Detrick says of their new high and 10-year outperformance. "That's an indicator that potentially sometime later this year, blue chips and the Dow Jones very well might also breakout to new highs."
    What's more, this Ohio-based investor says the very same thing is also happening to the mid caps (^MID), which he characterizes as his favorite chart and have just "broken through multiple resistance at 1,000" which it initially hit in April 2011.
    That said, Detrick is not a maniac, saying the market is "possibly a little overextended in the near term" and that it makes sense to be concerned about short-term obstacles (in Washington or technical levels like 1,475) before cruising on to his year end target of S&P 500 at 1650.
    "We have had a great rally," he says, "but again, bigger picture, the upward trend has been, and continues to be, in place."
     
    #13     Jan 17, 2013
  4. Clown shoes. It's always these fringe guys with these moronic targets now that Abby retired. The 1650 touch is like a 10/100 wager and it's still a short.
     
    #14     Jan 17, 2013
  5. Gap down tomorrow morning? If yes, is 147 reacheable?
     
    #15     Jan 23, 2013
  6. Very bullish article. When bullshitters are bullish, I think I know what the conclusion should be.
     
    #16     Jan 23, 2013
  7. Lucrum

    Lucrum

    1)So what if there are?

    2)Why do you always start these silly threads with a question?
    Then IF "right" later claim you predicted it?

    3)Are you ever going to resume your $100 FX journal that blew up in your face?

    4)Did you ever get around to actually opening a real equities or futures account?
     
    #17     Jan 23, 2013
  8. You are without a doubt, the biggest POS to ever grace ET.
    You've been flat-out BEARISH since 2009 and getting your ass kicked.
    Over 13,600 posts of pure "Doom & Gloom".
    Say hello to SPX 1511 Clown!
    :D
     
    #18     Feb 5, 2013