Bungster Posted March 16, 2012 Report Share Posted March 16, 2012 SPX weekly Bollinger bands top at 1420 Link to comment Share on other sites More sharing options...
Bungster Posted March 16, 2012 Report Share Posted March 16, 2012 I can understand people picking their spots and trying to short things here and there. What I find incomprehensible is people who have been fighting the tape and the central banks all the way up. This has been a classic cyclical bull, rising on central bank liquidity pumping. That's the way it has always worked. The Fed attempts to pump liquidity into a weak economy. Stocks rise. There's nothing incomprehensible about that. It has only worked that way since time immemorial. Or at least since 1913. The only difference today is that the Fed is no longer the only pit boss. It's not even the biggest. "Don't fight the tape. Don't fight the pit bosses." I would only add to that, unless you are an experienced professional trader "Don't try to be a hero." By that I mean, don't try to pick the exact top. Later! I can personally attest to the validity of that statement. Shorting does not seem profitable in the current environment... Link to comment Share on other sites More sharing options...
Bungster Posted March 16, 2012 Report Share Posted March 16, 2012 In this environment the following is the best course of action: 1. Hold nose and buy... Link to comment Share on other sites More sharing options...
zero_value Posted March 16, 2012 Report Share Posted March 16, 2012 There is absolutely NO movement no longer a"free" market (never really was) but now this is a freaking joke, total an absolute price control.... Link to comment Share on other sites More sharing options...
Trader Joe Posted March 16, 2012 Report Share Posted March 16, 2012 What the f**k is that? Link to comment Share on other sites More sharing options...
zero_value Posted March 16, 2012 Report Share Posted March 16, 2012 What the f**k is that? Is Isaac Newton still alive? Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 16, 2012 Report Share Posted March 16, 2012 What the f**k is that? A Happy FoxConn worker? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 16, 2012 Report Share Posted March 16, 2012 Can't recall the last time SPY closed 4 straight days above the BB. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 16, 2012 Report Share Posted March 16, 2012 Sorry..posted this on M2M. Posted Today, 08:40 AM Long GC at 1649... Stop below 1635. http://www.capitalstool.com/forums/index.php?showtopic=11511 Exited at 1659.20 for +10. I'll take what i can get. GDX going to close below 50 which is a very bad sign. We'll see if it can bounce and get back above 51-52 next week. Link to comment Share on other sites More sharing options...
Bungster Posted March 16, 2012 Report Share Posted March 16, 2012 Exited at 1659.20 for +10. I'll take what i can get. GDX going to close below 50 which is a very bad sign. We'll see if it can bounce and get back above 51-52 next week. Who says you can't get blood from a turnip! Well done Madness... Link to comment Share on other sites More sharing options...
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