Well TY… I'm learning more every day, and will share it freely… right or wrong? I hope I learn to get more right then wrong, and we can all profit nicely.
I'm actually bearish. I moved my 401K into 66% “safety plays” and 33% long (from 100%) in December at SPX 1120 because I expected a plunge. I got out of small-caps, commodities, international markets, etc. I rotated into things like PASAX (check the chart — it's still up from where I got in on Dec. 24th, if you include the dividend), bonds, health care (which hasn't worked so well), etc.
What do we need to get new highs? Bears (to short squeeze). We ran out of Bears last month at 1150. What do we need to get more Bears? Lower prices and bad news.
I'll be a believer in P3 when I see a 10% down day in AAPL.
RED, I HAVE BEEN READING YOUR BLOG FOR AWHILE. IT APPEARS YOUR STARTING TO GET A LARGER FOLLOWING.IT IS WELL DESERVED.AFTER YOU RING THE REGISTER ON THIS SHORT CALL, WE WILL HAVE TO WAIT IN LINE. GOOD LUCK
That rally up was on such light volume that I couldn't hardly see the bar on my charts. Yet, the sell off was a huge red bar of volume. That was all retail traders buying the rumor of the Greece bailout, while the institutions were selling.
The stage a lot of stuff Monica, and blame on middle easterner's when it's really our government doing the whole thing. It's all about money, power, and control.
Another thought on that — remember last year January? Israel invaded … was it Lebanon? Oil went up huge in just a short time, caused the SPX to rally with it, too.
If we gap up, I'll sell my calls at the open. The pit traders will try to close the gap. A lot of charts over at Trading to Win are suggesting that a turning point comes at around 10-11am tomorrow. I'm betting that our near term high is set then, and we probe downwards, maybe retest the 1050 level.
Well TY… I'm learning more every day, and will share it freely… right or wrong? I hope I learn to get more right then wrong, and we can all profit nicely.
I'm actually bearish. I moved my 401K into 66% “safety plays” and 33% long (from 100%) in December at SPX 1120 because I expected a plunge. I got out of small-caps, commodities, international markets, etc. I rotated into things like PASAX (check the chart — it's still up from where I got in on Dec. 24th, if you include the dividend), bonds, health care (which hasn't worked so well), etc.
What do we need to get new highs? Bears (to short squeeze). We ran out of Bears last month at 1150. What do we need to get more Bears? Lower prices and bad news.
I'll be a believer in P3 when I see a 10% down day in AAPL.
RED, I HAVE BEEN READING YOUR BLOG FOR AWHILE. IT APPEARS YOUR STARTING TO GET A LARGER FOLLOWING.IT IS WELL DESERVED.AFTER YOU RING THE REGISTER ON THIS SHORT CALL, WE WILL HAVE TO WAIT IN LINE. GOOD LUCK
That rally up was on such light volume that I couldn't hardly see the bar on my charts. Yet, the sell off was a huge red bar of volume. That was all retail traders buying the rumor of the Greece bailout, while the institutions were selling.
That's not bullish by any means…
Next week could very well go up into opx rrman. But, I think a huge sell off is come first. Down this week, and then back up next… is very possible.
I don't doubt it.
The stage a lot of stuff Monica, and blame on middle easterner's when it's really our government doing the whole thing. It's all about money, power, and control.
Yeah! You are turning slightly bearish then? There is hope. I can sleep well tonight. Thanks Dreadwin 🙂
Another thought on that — remember last year January? Israel invaded … was it Lebanon? Oil went up huge in just a short time, caused the SPX to rally with it, too.
If we gap up, I'll sell my calls at the open. The pit traders will try to close the gap. A lot of charts over at Trading to Win are suggesting that a turning point comes at around 10-11am tomorrow. I'm betting that our near term high is set then, and we probe downwards, maybe retest the 1050 level.