MrHanky Posted December 20, 2011 Report Share Posted December 20, 2011 Another perfectly executed bear trap by all trading bots...... Link to comment Share on other sites More sharing options...
An Ant Posted December 20, 2011 Report Share Posted December 20, 2011 ORCL down 8% Link to comment Share on other sites More sharing options...
MrHanky Posted December 20, 2011 Author Report Share Posted December 20, 2011 ORCL down 8% Missed by 3 cents Link to comment Share on other sites More sharing options...
fxfox Posted December 20, 2011 Report Share Posted December 20, 2011 well, looks like it was window dressing party today, should go on into year end somehow. Again the market is very nice to bears, cause it gives chance to load up with puts at higher levels. Link to comment Share on other sites More sharing options...
Lugnut Posted December 20, 2011 Report Share Posted December 20, 2011 There was a lot of sideways stuff the last few days. One thing I have learned from my recent coding is that sideways action with a few counter trend spikes throws indicators into divergences. That is how the math works. And when you get countertrend spikes on sideways stuff that creates double bottoms and other patterns we are all used to. Anyways,it just needed a spark. I was on the wrong side of it (of course) but made back a bit today. Such is life. What is really epic is what this rally will set up in the new year - crap retail numbers will come out proving out demand destruction and the "E" in P/E ratios will get shrunk once the US is seen as on the same contractionary economic path as China and Europe. Right now the bet is the US will pull everyone out. When the retail numbers show (restaurants are a leading indicator here and traffic is down) then the mass realization hits. Sometime after this week. Tight stops. Link to comment Share on other sites More sharing options...
Bungster Posted December 20, 2011 Report Share Posted December 20, 2011 Not the best day fer bearz.... Link to comment Share on other sites More sharing options...
Dopamine Posted December 20, 2011 Report Share Posted December 20, 2011 Posted this on the other thread.... Bungster, on 20 December 2011 - 12:25 PM, said:Something in the charts... or otherwise? Just applying Laundry's T stuff. ---- BTW, I am nowhere near as bullish as you guys are. I think there is just few percentage points left on the upside but they'll stretch it into year end. IMVHO ---- Madness, your 1680 target on gold sounds right...but if the trade goes wrong, where would you place your stop? Any thoughts would be appreciated. Link to comment Share on other sites More sharing options...
Lugnut Posted December 20, 2011 Report Share Posted December 20, 2011 Fade me. Here is my trade plan. The fall from 1360 will go under 1000. QE3 inducing. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 20, 2011 Report Share Posted December 20, 2011 Posted this on the other thread.... Bungster, on 20 December 2011 - 12:25 PM, said:Something in the charts... or otherwise? Just applying Laundry's T stuff. ---- BTW, I am nowhere near as bullish as you guys are. I think there is just few percentage points left on the upside but they'll stretch it into year end. IMVHO ---- Madness, your 1680 target on gold sounds right...but if the trade goes wrong, where would you place your stop? Any thoughts would be appreciated. Right now, i have 1585 (Monday's low) as the stop for my other half. I'll adjust again if we get above the 200 dma at 1620. Link to comment Share on other sites More sharing options...
Dopamine Posted December 20, 2011 Report Share Posted December 20, 2011 Fade me. Here is my trade plan. The fall from 1360 will go under 1000. QE3 inducing. I agree. The fall will be spectacular. Link to comment Share on other sites More sharing options...
zero_value Posted December 20, 2011 Report Share Posted December 20, 2011 Any thoughts on the VXX I am long @36.70 it has been in a steep decline with RSI approaching 20 for quite sometime regardless of SP up or down. Hard to figure this one? Link to comment Share on other sites More sharing options...
shorty Posted December 20, 2011 Report Share Posted December 20, 2011 Larry's keyster on fire! Link to comment Share on other sites More sharing options...
Lugnut Posted December 20, 2011 Report Share Posted December 20, 2011 Gotta love this - http://www.bloomberg.com/news/2011-12-20/oil-climbs-for-second-day-as-u-s-housing-starts-climb-iran-concern-grows.html Key quote: “In the U.S., the economy is on the road to recovery, with falling unemployment and consistently improving growth against a background of low and falling oil stockpiles,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London. Got that? The US is in recovery ---> Oil prices go up -----> shrinking disposable incomes in a shrinking employment base (which produces "falling unemployment") shrink yet more ----> All is well! Link to comment Share on other sites More sharing options...
rdkyote Posted December 20, 2011 Report Share Posted December 20, 2011 Today might take the cake for the most levitated day of the year. Even the 11/30 ramp job had some minor pullbacks mixed in. Seems like the them have all but mastered this pattern. Wish my stock holdings looked like this. Link to comment Share on other sites More sharing options...
Bungster Posted December 20, 2011 Report Share Posted December 20, 2011 Larry's keyster on fire! Perhaps that dog is laced with jalapenos..... Link to comment Share on other sites More sharing options...
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