dogsie Posted November 30, 2011 Report Share Posted November 30, 2011 The proposed Facebook IPO should support your view as well... Does anyone expect an IPO unload into a market downtrend. GRPN? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 30, 2011 Report Share Posted November 30, 2011 You've changed your expected high for the rally from the low 1300's? No, i still anticipate a move to low 1300s by Jan/Feb.... I'm trying to understand the folks that are using longer time frame and at what price to get bullish at. Link to comment Share on other sites More sharing options...
Scully Posted November 30, 2011 Report Share Posted November 30, 2011 Specie, for the graph below, I pasted the GIF into Excel, drew some lines on it, pressed PrintScreen again, repasted and cropped into Paint, and resaved as a GIF. BAC graph below done properly. In early August the trend channel widened dramatically, as the sharks smelled blood in the water. It is interesting to observe that I would have done much better simply shorting and holding the entire time, and adding to the short on rallies, instead of trading in and out as I have done. But when I am short and it looks like it is going to rally, I keep turning chickenshit, covering and taking the profits. Yves Smith over at Naked Capitalism started a Death Watch on BAC a while ago. I still think it was a good call. Link to comment Share on other sites More sharing options...
Lemur Posted November 30, 2011 Report Share Posted November 30, 2011 GBPUSd got turned back at the 30min 900 (like EURUSD) where I went short. Link to comment Share on other sites More sharing options...
BarBu Posted November 30, 2011 Report Share Posted November 30, 2011 Link to comment Share on other sites More sharing options...
Jimi Posted November 30, 2011 Report Share Posted November 30, 2011 Yves Smith over at Naked Capitalism started a Death Watch on BAC a while ago. I still think it was a good call. I remember that. And I agree. Link to comment Share on other sites More sharing options...
specie Posted November 30, 2011 Report Share Posted November 30, 2011 scully thanks so much for the two ideas at work here print screen is disabled Link to comment Share on other sites More sharing options...
bundys_dodge Posted November 30, 2011 Report Share Posted November 30, 2011 GRPN? Groupon was IPOed on 4th November - S&P was about 17% higher than the low of October 4th. What happened to the market after that is very interesting. Will there be repeat with Facebook IPO?. Link to comment Share on other sites More sharing options...
Dopamine Posted November 30, 2011 Report Share Posted November 30, 2011 10 year bond futures down -0.22 %. Euro up 0.91 %. Sorry guys but I don't buy this move. IMVHO Link to comment Share on other sites More sharing options...
Scully Posted November 30, 2011 Report Share Posted November 30, 2011 Madness: a question. With your graph below, I would have thought a case could be made that we are merely retesting the breakout from the line below which I highlight with a red arrow. And therefore, as we approach it, even you might try a short with a stop just above the line. Am I missing something? PS: Mrs Scully loves your avatar. Link to comment Share on other sites More sharing options...
Jimi Posted November 30, 2011 Report Share Posted November 30, 2011 Bernanke just took delivery on a massive resupply of copper pennies from the U.S. mint. He and his global partners jam them in wherever a financial fuse blows and they ran out of them last week. Link to comment Share on other sites More sharing options...
An Ant Posted November 30, 2011 Report Share Posted November 30, 2011 scully thanks so much for the two ideas at work here print screen is disabled In BigCharts, one can right click on the chart and paste same in MS-Paint. Annotate as you can (MS-Paint has very limited abilities) and save as JPG or GIF. That's what I did for NDX chart posted earlier. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 30, 2011 Report Share Posted November 30, 2011 Madness: a question. With your graph below, I would have thought a case could be made that we are merely retesting the breakout from the line below which I highlight with a red arrow. And therefore, as we approach it, even you might try a short with a stop just above the line. Am I missing something? PS: Mrs Scully loves your avatar. Correct. I would take a stab on 'scalping' for a short around there. Short term trend is up and heading into a seasonally STRONG period. Playing a mean reversion trade after almost 800+ Dow points in 3 days look prudent if opportunity is there. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2011 Report Share Posted November 30, 2011 I believe he is batting less than 50%. That's worst then flipping a coin. But he talks a great game. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2011 Report Share Posted November 30, 2011 True. Appreciate all your comments. Please keep them coming. Second Link to comment Share on other sites More sharing options...
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