MrHanky Posted March 9, 2012 Report Posted March 9, 2012 Market recovered the early week losses with ease,nothing to see here......
MrHanky Posted March 9, 2012 Author Report Posted March 9, 2012 With a cherry on top at the close,a quick 2 point ES spike in the final minute to stick it to the few shorts left.And the usual dippers after the bell pile into ES even more. Wash,rinse and f%cking repeat.
DrStool Posted March 9, 2012 Report Posted March 9, 2012 It’s That Time of The Month, Employment Data In a Bad Mood
MrHanky Posted March 9, 2012 Author Report Posted March 9, 2012 Dow went red for 3 full seconds in the last hour....far too long,PPT had to pile in.
Bungster Posted March 9, 2012 Report Posted March 9, 2012 How to write a investment newsletter How to write an investment newsletter: Emphasize everything that can go wrong. Relate to your audience – elderly men who are being passed by in this world and need the reassurance that the world is going down the tubes, rather than evolving without them. Gold mustn’t necessarily be the subject of each letter but it should at least be alluded to or serve as the unwritten subtext. http://www.ritholtz.com/blog/
I_Am_Madness Posted March 9, 2012 Report Posted March 9, 2012 Got a buy on the RUT. We'll see if this is a whipsaw or not early next week. All signs point to a potential move to 830 then 840.
I_Am_Madness Posted March 9, 2012 Report Posted March 9, 2012 I questioned if the NDX had enough JUJU left to do a backkiss...i was proven wrong. Th juice continues to flow.
capitall Posted March 9, 2012 Report Posted March 9, 2012 Dow went red for 3 full seconds in the last hour....far too long,PPT had to pile in. Was it a 3 whole seconds? Oh the horror. I guess they will have to come up with a new machine-- The Dowblaster. The Spoozeblaster just isn't doing enough by itself.
I_Am_Madness Posted March 9, 2012 Report Posted March 9, 2012 Even though i'm holding shorts, i don't like what i'm seeing. If we don't even test the 50% fib off of this week's low, i'm out. This move the past 3 days could be the inital thrust for another 2 month grind up with a measured move of potential 1470.
capitall Posted March 9, 2012 Report Posted March 9, 2012 Even though i'm holding shorts, i don't like what i'm seeing. If we don't even test the 50% fib off of this week's low, i'm out. This move the past 3 days could be the inital thrust for another 2 month grind up with a measured move of potential 1470. Thanks for the chart, Madness. It's great to have MA's and Fibs and other reference points to track. We'll see what next week brings.
I_Am_Madness Posted March 9, 2012 Report Posted March 9, 2012 Even though i'm holding shorts, i don't like what i'm seeing. If we don't even test the 50% fib off of this week's low, i'm out. This move the past 3 days could be the inital thrust for another 2 month grind up with a measured move of potential 1470. Happened in 2010... The possibilities are there. We got the election and LTRO love all year.
I_Am_Madness Posted March 9, 2012 Report Posted March 9, 2012 Thanks for the chart, Madness. It's great to have MA's and Fibs and other reference points to track. We'll see what next week brings. Thanks. Enjoy your weekend folks. See ya.
capitall Posted March 9, 2012 Report Posted March 9, 2012 Looks like from the chart, if that IS an initial thrust, you would have time to stop out on your short positions and then reverse and go long, and still make plenty of money doing so, as the rises out of such initial thrusts in the past have continued for quite a number of points. And if it isn't that, well then the short positions make money. You have a fun weekend too, Madness.
Bungster Posted March 9, 2012 Report Posted March 9, 2012 I questioned if the NDX had enough JUJU left to do a backkiss...i was proven wrong. Th juice continues to flow. We got the back kiss....hoping for the downside follow through now..
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