Weekly Poll: Will Buyers Knocked Out By Expiration Put Up A Fight?

Discussion in 'Trading' started by shortie, Jul 17, 2010.

SPY Next Week?

Poll closed Jul 23, 2010.
  1. Bullish

    11 vote(s)
    27.5%
  2. Flat

    6 vote(s)
    15.0%
  3. Bearish

    19 vote(s)
    47.5%
  4. I prefer to keep my opinion to myself

    4 vote(s)
    10.0%
  1. What explanation did they give to the gap down? I try not to read the news to avoid corrupting my mind. I would not be surprised that in the morning they gave negative news, then when the market is green, they would put some other type of news. Could some one say what was the news explanation they gave?


    Shortie: Congrats! Do you plan to start selling trading signals sometime soon? :)

    Did you cover QLD? It traded at 53 and change. 10% gain should be enough for you.
     
    #51     Jul 20, 2010
  2. maybe...

    but then too many people will jump in and erode my edge...

    i guess not.

    **second failure at 108, i guess it is over for longs today**
     
    #52     Jul 20, 2010
  3. i know it does not make sense that the strong market like today will close red. but i had a dream last night that clearly showed red a day today, but green tomorrow.

    1 hr left
     
    #53     Jul 20, 2010
  4. Smart buy side money is lined up between 106.50 and 107.25 for today. At high side of the range, and even above it, some today's bears who shorted the bottom are praying to never short a gap down again, even if they read it in books and consider it gospel. Do I hear some say, Lord I will never do it again if you just give me a pass on this one...:)
     
    #54     Jul 20, 2010
  5. The color does not matter for today. The "fleecing" already took place. Bears are already buried below. The guys who can take it down are mainly profit takers, and heavy hitters like our friend Shortie. :)
     
    #55     Jul 20, 2010
  6. did not expect EOD rally and got caught with my pants down. i hate those one-way-street days.

    small sell-off before Ben speech tomorrow?

    "United States : Chairman Speech
    Released For 7/21/2010 2:00:00 PM
    Description
    Federal Reserve Chairman Ben Bernanke Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, U.S. Senate for the Semiannual Monetary Policy Report to the Congress "
     
    #56     Jul 21, 2010
  7. You have pants? I thought you had only shorts when you do not trade naked. :)

    You did not read my previous post (where I mention the burial of bears) before your got yourself caught ?

    Do you think we are back to "buy the dips" mode?
     
    #57     Jul 21, 2010
  8. Since you seem to have already shorted the market heavily, we will not let you down and we will be praying on your behalf if you get in trouble. Do not repeat it too often though. :)
     
    #58     Jul 21, 2010
  9. expecting at least one range-bound day, possibly more than one.
     
    #59     Jul 21, 2010
  10. Today's bottom was where I was anticipating the bulls to be hiding. I showed up late, and did not participate. I was waiting for a pullback, but it never came back.
     
    #60     Jul 21, 2010