MrHanky Posted January 3, 2012 Report Posted January 3, 2012 Bears not off to such a great start,those big gaps gotta hurt. But the close for the bulls was not so great...
Dopamine Posted January 3, 2012 Report Posted January 3, 2012 Too many bears on Trader-talk. Seems to be the norm every year around this time of the year. They love to fade the Santa. I agree. It bothers me a little but I have a turn here so I have to call it like it is. And while it seems like there are lot of bears, polls have been split lately.
BreakOut Posted January 3, 2012 Report Posted January 3, 2012 Feels like July 21 as we passed those last, lonely Fibonacci outposts and wondered if the bull had won.
Dopamine Posted January 4, 2012 Report Posted January 4, 2012 Market is so ahead of itself, it's ridiculous. We should be down at least 2% tomorrow. BWTFDIK.
MrHanky Posted January 4, 2012 Author Report Posted January 4, 2012 Market is so ahead of itself, it's ridiculous. We should be down at least 2% tomorrow. BWTFDIK. Yeah....ahead of itself by 50% or so. It will end when we least expect it
DrStool Posted January 4, 2012 Report Posted January 4, 2012 What is meant by this "ahead of itself?" How is that possible? Is it having an out of body experience?
Goldmember Posted January 4, 2012 Report Posted January 4, 2012 End of year, new year. I did nothing but watch. I'll see something clearer soon enough. No need to rush into things. Although, some of the cheapy beaten turds scattered largely all across the board look mighty interesting for dongs.
Rationalize Posted January 4, 2012 Report Posted January 4, 2012 I think the meat of the gains off the lows for Gold from 1525 is over. This area is going to be tough getting across. Maybe a stop run to 1650 is possible to back kiss 1670 (highly unlikely, but you never know). This might coincide with S&P tagging the 1310 area. The most likely scenario is a move to 1625 (about 158 for GLD which is the 200 dma). After that, we head back down to test that 1535 area one last time and see. Again, i won't short GOLD. Trade safe. How about as a spread? Short the piss out of gold & dong "X" ? Ok I'll say it. My best guess from lurking, TJ's mad and or jealous of MrHanky's returns and the fact that he rarely posts his stock picks. But maybe hank just buys bonds. Lucky Eight huh .. rings a bell .. similar to an old poster's handle. hmm ..
Recommended Posts
Archived
This topic is now archived and is closed to further replies.