If you're short, I'm the sucker going long....: damn this is stupid

Thursday, February 5, 2009

damn this is stupid

5 comments:

Tony said...: great volumes on the upside. semis look great: MRVL is marvelous.; February 5, 2009 at 11:28 AM
Eric said...: I'm curious if you figured out how to trade the pennant...

Where you Buy at the bottom, and sell at the top...Play inside the levels...
Then wait for the breakout.. My thesis is we had a breakout... but we need to to be decisive... it's like when the trend is broken... it's more like "we are put on alert". Waiting for the decisive move... but the market is warning us.

and yet, I have no idea about how Sell the news will work out.; February 5, 2009 at 7:07 PM
Tony said...: The tape is a struggle to figure out. The last two days I was positive, mostly because i called the first half hour correctly. The churn throughout the day has been brutal.

I'm not sure how to see the turns in the market as the trends get shorter and shorter into the tip of the pennant.; February 5, 2009 at 8:49 PM
Tony said...: Which news are you talking about selling, the NFP? or Geithner's "plan" to be unveiled on Monday?

The pennant will resolve, but I cannot tell if it's up or down and I'll be content to just remain solvent until then.; February 5, 2009 at 8:53 PM
Eric said...: Remember there are 2 Pennants. T-LO
and the smaller one I pointed out.

What could happen is a struggle to the tip... just on the Upside of the smaller one.

I would say that maybe we move to the 90 level on the spy... then sell the market... either on "Bad bank" or on "stimulus"..

Of course, Now I listen to the news, The senate are going to try and vote tomorrow..

I'm smelling that brinkmanship by Harry Reid... Could just be paranoia... That and that you sort of have to be the Captain to play a good game of chicken... and congress tends to have too many rats jumping ship.; February 5, 2009 at 9:30 PM

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