the.... stress test... just seems like it's a good encouragement for bears.... seems like till that is over there is no end to "Hope" for them
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2009
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May
(290)
- Charts again
- Rotation
- The Third option in trading.
- a read
- well
- sellers
- hard choice
- accelerate
- correction
- smh
- now we watch for a trap...
- trade of last resort
- Read
- Return of the meme...
- If I can see... Negative ticks.... Momentum high h...
- well now
- charts
- Risk reward and maybe some macro.
- possible pennant.
- volume
- how the hell
- what seems to be
- hardest 10 pts in the market
- solid volume
- like you care....
- Oh BTW
- Look Better Please!
- bearish sectors
- target
- Drift
- The open
- Week 4!....
- 22 pt move in an hour...
- good lord
- Outside the flag!
- French Open
- Jesus
- Bear Flag
- 2 fridays
- Bear!!!
- lol
- 875
- there is our Diabolical market.
- volume is ridiculous
- Weeeee!!!
- zombie
- ticket to nowhere...
- Anyone want stock on a friday?
- my ... No read
- I can't read this.
- so...
- 88.90 target... +/- .05
- failure or double top
- one more high...
- resistance....
- target
- 3 push wedge
- lets see the volume pick up.
- let's see this breakdown...
- secondary high...
- abc
- the secondary high
- ok... Momentum high
- 3 swing move
- there is something
- Gordon Ramsay
- Friday fun
- dilbert
- Symmetry
- seen this setup
- elliot wave
- roll over
- 875
- RollOver??
- the epic resistance....
- Solid Volume
- there is the oversold
- goodness
- support
- well, claims didn't help
- outside this fucked up flag..
- down 6 -2
- Prosperity
- pennant and a flag
- the day Play by Play
- patterns
- Carter worth trying to rally the bears
- nobody wants to play into the close.....
- the target of this head and shoulders
- 91 stops
- 91.20 retest the Pennant.... downside.
- target here is 90.80
- reflation
- so...
- so... the pattern is
- trap was set
- I'd rather play this at either one of those green ...
- That is a Fucking Flag
- biggest volume of the day
- Teranova the Bull!!
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▼
May
(290)
13 comments:
When the "news" comes out on stress tests, does the market sell the news on stress tests
Or are the bears forced to cover?
I realize that it's 2.5 trading sessions away and the XLF could be quite a bit higher by then, but just wondering....
MACD looks like XLF overbought here, but no shorts will come in here.
well... I've got the hebies...
I was hopeing we could leg down again and that would suck in some bears...
But not to get Nerdy but the tick pattern changed... Suggesting we could start another strong leg up.
pushing the market to say 91.6..
So much momentum to the upside.
Sure we could get to 91.60...
and that would be a continuation of the upside crash.
But which sectors can sustain that and which will pb?
what I was trying to get at... is that maybe the bears can't capitulate till after nfp and the stress test... they will hold onto hope that it will drive the market down..
I guess the NFP... maybe there is no hope that that could drive us down.. but it certainly would have upside risk.
ok... if you look at the move from 11. My current thesis would be that we have a little down move here... like a move to 90.10... then a move to 90.80...
Though I still think my mojo is off..
Sure and looking at XLF now at 11.68, this looks to be making a lower high with bearish MACD.
Any pb would be profit-takers and not new shorts. After Fri am, it could be new ballgame, but that's like 10 yrs from now.
If we hold the upside crash... it won't matter what you are in... everything should go up..
I'd look at small caps.. if you want something "Safe like"
keep an eye on the iyr... it's sort of trying to form an ascending... but it sounds fucking crazy... just seems like it wants to false break out.
I have 12.50 for the xlf as a target...
but Ticks are negative so maybe we can Leg down....
This kind of sounds gay but... I kind of dig your mojo from yesterday.. maybe that is it...
Like I keep saying we go much higher CNBC will turn into porn.
looks to me like the market wants to make a higher low here...
we may even get a lower low in the iyr
there we go... now we get some solid negative ticks... so maybe we can leg lower... that looked ok
also IWM and SMH... look weak relative to the spx..
maybe we can leg down..
I was just checking sectors... looks like fairly broad wekness...
if we can leg down.. and close weak... I would think that would nullify the Up Crash..
maybe we will be able to call a tony top Too...
we still arn't seeing sustained tick weakness...
but the longs just chased that up move... I'm not sure it's sustainable.
on the move to 90.25 we hit a 900 tick rate... the up move may not be sustainable...
we will need to sit in positive ticks for some time...
It seems like that upmove peak at noon EDT was uncalled for. Call it a short term double top or whatever, but a small pb is due.
XLF is fun to watch, but the play is something related that has no business in this rally: Short HRB, esp when it was in 15.30's.
Likewise APOL if it can be gotten at 60 would be great short.
My point is that the melt up brought a lot of trash with it and the risk reward is with shorting these miserable companies.
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