Well, the TA's are still bearish. That's why I'm still short. If we have something like a terrorist attack on Thursday, you know the market will crash.
I don't want that too happen, but Ayatollah Ali Khamenei is threating something?
It's times like these that put hair on your chest… if you know what I mean. You either score big, or lose big. We'll see what happens tomorrow I guess? I'm most worried about what that idiot Ayatollah Ali Khamenei is going to do on Thursday.
Since there is also 2 tons of explosives missing from Kinder company (owned by Goldman Sachs), he could be planing so terrorist attack? I hope not, as I don't want people to die so the market will go down. I just want it to correct like it should. I'd rather see some financial crisis then a terrorist attack happen. Let's hope that's not it…
Well G… something just ain't right, and I can feel it in my bones. I think I'll pass on Nightline, but I'd sure like too be right on this one. I haven't every been so heavily short, and it's worrisome of course, but I've also never been this heavily convinced that we're going down.
I have to stick with what the charts tell me, along with the news, and of course my gut. I'm riding this puppy out until a break of 1080, and conformation.
I'll be heavily underwater if that happens, but I will take my loss like a man… if that happens? I'm betting it doesn't.
I think we still have more wave 2 to come. If the purpose of wave 2 is to make bears reconsider, it hasn't done that. Almost all of the EW blogs are in “P3 is here!” mode. A short squeeze from this level 1070ish to 1100ish would be absolutely brutal. At 1104 or so (a retest of 4 of 1), bears would flip out and maybe capitulate.
That said, the market doesn't seem to have the juice to get there. I don't know. Maybe bulls took some profits on the way down and kept their powder dry.
My trading plan has me long in real estate, expecting the short squeeze to come tomorrow.
Yes, but it wouldn't be the first time they tried to scare us. But with the market at a crossroads, maybe this time it will happen. Hope not though.
Look for something in news about Greece to cause this market to tank. Remain patience… I'm still short. This is not bullish.
Well, the TA's are still bearish. That's why I'm still short. If we have something like a terrorist attack on Thursday, you know the market will crash.
I don't want that too happen, but Ayatollah Ali Khamenei is threating something?
Dreadwin is right that too many people are expecting it to go down tomorrow. That is what worries me most.
Great post Red. I'll be taking my beating like a woman! I have the same gut feel as you but my gut feel hasn't served me well in the past!
It's times like these that put hair on your chest… if you know what I mean. You either score big, or lose big. We'll see what happens tomorrow I guess? I'm most worried about what that idiot Ayatollah Ali Khamenei is going to do on Thursday.
Since there is also 2 tons of explosives missing from Kinder company (owned by Goldman Sachs), he could be planing so terrorist attack? I hope not, as I don't want people to die so the market will go down. I just want it to correct like it should. I'd rather see some financial crisis then a terrorist attack happen. Let's hope that's not it…
Red,
Thanks for the explanation on Stargate.
IMHO, today's move is clearly bullish short-term. As usual losing money from all angles.
Good luck to all…
Well G… something just ain't right, and I can feel it in my bones. I think I'll pass on Nightline, but I'd sure like too be right on this one. I haven't every been so heavily short, and it's worrisome of course, but I've also never been this heavily convinced that we're going down.
I have to stick with what the charts tell me, along with the news, and of course my gut. I'm riding this puppy out until a break of 1080, and conformation.
I'll be heavily underwater if that happens, but I will take my loss like a man… if that happens? I'm betting it doesn't.
Good Luck to us all…
I think we still have more wave 2 to come. If the purpose of wave 2 is to make bears reconsider, it hasn't done that. Almost all of the EW blogs are in “P3 is here!” mode. A short squeeze from this level 1070ish to 1100ish would be absolutely brutal. At 1104 or so (a retest of 4 of 1), bears would flip out and maybe capitulate.
That said, the market doesn't seem to have the juice to get there. I don't know. Maybe bulls took some profits on the way down and kept their powder dry.
My trading plan has me long in real estate, expecting the short squeeze to come tomorrow.
Okay red, I am going to be looking for you at least on Nightline. Nice Post