SPX Has Topped For The Year Or Pabst Will Leave ET

Discussion in 'Trading' started by Pabst, Sep 30, 2006.

  1. Buy1Sell2

    Buy1Sell2

    Nasdaq from that period even easier to see. I shorted both S and P and Nasdaq by the way well before the big drops.
     
    #51     Oct 1, 2006
  2. Buy1Sell2

    Buy1Sell2

    Thank you for your question Option. This one was one of my best trades as I began shorting in late Auggie 87.
     
    #52     Oct 1, 2006
  3. Buy1Sell2

    Buy1Sell2

    and the daily.
     
    #53     Oct 1, 2006
  4. Pabst

    Pabst

    I'm loaded up but with a stop. I've made clear where my exit is on the upside. I'll add further on a break.
     
    #54     Oct 1, 2006
  5. m4a1

    m4a1

    pretty easy to see what? can show the charts for dummies version please?:)

     
    #55     Oct 1, 2006
  6. Pabst

    Pabst

    If you don't see the parallel between 2000 and 2006 then why would I believe that you were short "just before the big drops" in 2000?

    You've stated the following: you were short in 1987 and 2000 (uptrending markets) but 2006 is not a good short because it's an uptrending market. Me thinks you're full of shit.
     
    #56     Oct 1, 2006
  7. Thanks b1s2.

    If you can, could you share with us your technical reasoning behind your short 8/87, did you cover and reserve at the bottom of the move? What major TA differences do you see between now and then...

    Appreciate your comments!


     
    #57     Oct 1, 2006
  8. If I may interdict. I don't know Ishmael personally but he hasn't come across as a liar to me. I have been reading his posts during the year and most of his stuff seems to come from somebody who is very successful in this business.


     
    #58     Oct 1, 2006
  9. romik

    romik

    Motion seconded, B1 u still owe me, you know protection funding :)

    P.S. I am expecting a pullback here, currently short Dec contract with average 1345.66. 240 does look bearish to me, hoping to get ~1334 with a scale out and possibly ~1330-1326.
     
    #59     Oct 1, 2006
  10. Mup

    Mup

    Bold call saying your going to leave Pabst... though I doubt most will hold you to it :) )

    I was in the camp that we would see a pull back in sept, but we know what happened to that view :D

    Anyway I see the SPX only testing (at a push ) the 1308 area in the next two weeks or so before has a pop up into into the mid terms.

    On the Bight side the 7th of November will give a much better short for a larger correction. :)

    The charts seem to say that its going to be hard for the GOP :confused:
     
    #60     Oct 1, 2006