That just means the plan was to play up all this news as an excuse to get a bunch of bears on board to short…remember, the MARKET MAKES THE NEWS, not the other way around. The news doesn’t make the market, but they try to make it look that way.
I will only short again when the VIX 15min closes the gap from wednesday around 22 dollars…and when it gets close to the 200 day MA. Again, around 22. So there could be more upside to this rally until that gap gets closed. Othewrise, i would be short right nowor wouldnt initiate shorts yet.
If we do happen to selloff tomorrow, i like FCX and WYNN Calls.
I will only short again when the VIX 15min closes the gap from wednesday around 22 dollars…and when it gets close to the 200 day MA. Again, around 22. So there could be more upside to this rally until that gap gets closed. Othewrise, i would be short right nowor wouldnt initiate shorts yet.
If we do happen to selloff tomorrow, i like FCX and WYNN Calls.
I thought they were going to rally it on up and squeeze out the bears here, but maybe it was a bull trap and we will go lower today? It too hard to figure out right now. The charts are mixed, but do support a big rally. I’m just sitting tight to see what happens…
Well, looks like all is good again and time to rally. So it now seems unlikely that we will hit the 2 FP’s today. Maybe tomorrow or next week after this relief bounce is over. I’ll just have to ride it out as long as I can… Bummer.
Yes, I must agree with you Shark. It looks like we will go up for a few days.
That just means the plan was to play up all this news as an excuse to get a bunch of bears on board to short…remember, the MARKET MAKES THE NEWS, not the other way around. The news doesn’t make the market, but they try to make it look that way.
Hey Shark, whats your email address ? I want to ask you a few questions , Thanks.
Hey Shark, whats your email address ? I want to ask you a few questions , Thanks.
I will only short again when the VIX 15min closes the gap from wednesday around 22 dollars…and when it gets close to the 200 day MA. Again, around 22. So there could be more upside to this rally until that gap gets closed. Othewrise, i would be short right nowor wouldnt initiate shorts yet.
If we do happen to selloff tomorrow, i like FCX and WYNN Calls.
I will only short again when the VIX 15min closes the gap from wednesday around 22 dollars…and when it gets close to the 200 day MA. Again, around 22. So there could be more upside to this rally until that gap gets closed. Othewrise, i would be short right nowor wouldnt initiate shorts yet.
If we do happen to selloff tomorrow, i like FCX and WYNN Calls.
ES Hour chart: http://niftychartsandpatterns.blogspot.com/2011/03/es-hour-chart-analysis_17.html
I thought they were going to rally it on up and squeeze out the bears here, but maybe it was a bull trap and we will go lower today? It too hard to figure out right now. The charts are mixed, but do support a big rally. I’m just sitting tight to see what happens…
New shorting opportunity??? I just don’t trust today’s action
Well, looks like all is good again and time to rally. So it now seems unlikely that we will hit the 2 FP’s today. Maybe tomorrow or next week after this relief bounce is over. I’ll just have to ride it out as long as I can… Bummer.