[amanda hor$t]

in the past 1.5 weeks, the nikkei pretty much took an elongated crash. avalanche!

[Vanity]

Originally Posted by mact3333

we will either match/approach the all time high or slightly exceed it before a significant pullback...ETA 1 week from now...the fun starts on a intermediate time frame then...

1624 held on SPX. We're headed to 1650's, and if we surpass that, then 1670's.

Hope you guys bought the dip this morning. Up ~5% from the bottom today. This is good money. Too many people stock piling in because of fear or because of "Hindenburg omen". Personally, I dont trust this market enough to go overnight for gains anymore. I'm day-trading. As I said before, all crashes (if we do "crash" as opposed to "pulling back") never happen unless we get a lower high that fails. This bounce from 1624 will show us if we can take out all time highs or not. If not, watch out and stay nimble for whatever comes.

[mact3333]

was I off by few days???........I sold all my positions approx a week ago...now you know why....I make calls, not what if scenarios....

But dont worry, this "longer term" bull isnt over yet...but if I see something I dont like over longer timeframe, I will call out the Defcon alerts.

The stuff I put on a BMW MB is ridiculous haha.

Especially since nobody is listening???

[mact3333]

Target 1590 SPX

[F1Venom]

Originally Posted by mact3333

Target 1590 SPX

I think 1560/70 isn't off the tables w/ a bad UE report tomorrow.

[Kwando]

Originally Posted by mact3333

was I off by few days???........I sold all my positions approx a week ago...now you know why....I make calls, not what if scenarios....

But dont worry, this "longer term" bull isnt over yet...but if I see something I dont like over longer timeframe, I will call out the Defcon alerts.

The stuff I put on a BMW MB is ridiculous haha.

Especially since nobody is listening???

Just curious - what's you occupation?

[RandomHero]

Originally Posted by Kwando

Just curious - what's you occupation?

I'm going to assume he's not a financial advisor

I don't mean that negatively one bit, but his thought process is very similar to the investment bankers or financial analyst I speak with.

It's funny how two people can be considered experts on the same topic and ultimately both be right, yet the opinions and views are vastly different.

[mact3333]

Ok, I could have been a little close to catching the bottom...looked at non-detailed chart few days ago on different site...looking at my own TOS chart 1600 bottom would have been abit more obvious...oh well....

As I have said many times, this is just a hobby...no pro here so dont listen to a word I say...this thread is for hacks like me sharing thoughts and ideas...I use this thread to timestamp my thoughts more than anything to see if I was right.

[amanda hor$t]

^wasn't that just on cnbc?

still calling for a huge nikkei drop. breaking parity couldn't help either.

[Vanity]

Headed to rechallenge 1674 IMO. If you had to balls to see six retest 1600 yesterday for a couple hours, you would've caught the 43 pt SnapBack rally. VXX headed to $17.50-$18.20.

[Inspired]

Solar is setting up for another leg up. FSLR, SPWR, CSIQ, YGE. It's been the strongest sector for the past few months.

[mact3333]

Originally Posted by Vanity

Headed to rechallenge 1674 IMO. If you had to balls to see six retest 1600 yesterday for a couple hours, you would've caught the 43 pt SnapBack rally. VXX headed to $17.50-$18.20.

I dont think it will retest 1674 in near term...I sold my TF position...I am not buying any longs right now.

[mact3333]

Originally Posted by Inspired

Solar is setting up for another leg up. FSLR, SPWR, CSIQ, YGE. It's been the strongest sector for the past few months.

Pennants typically continuation pattern but I see downside risk in general mkts for now.

[Inspired]

Looks like we are gonna chop around on the SPY between 161 to 165. Man, I hate these chopiness.

Got into SPWR last week. Broke out yesterday but retraced back to break out today. Kind of disappointed. Was up over 10% now I am up a few %. Should of locked in those profits..

[mact3333]

I didnt like what I was seeing in the charts...last week was counter-trend rally...played the bounce with TF position but closed it yesterday.

Need to see defcon 2 like selling before I start buying again for the next run up.

[Inspired]

This market is such a bitch... I got bull trapped on today's gap up. SOB..

If we don't hold the 50MA on the SPY this will be a wild ride...

[Vanity]

omfg.

This SPX is bi-polar. I'm really hoping the run to 1650's didn't just end and create a lower high for us.... To crash.

[Inspired]

Originally Posted by Vanity

omfg.

This SPX is bi-polar. I'm really hoping the run to 1650's didn't just end and create a lower high for us.... To crash.

Yep, it did. Glad I got out of everything for a small loss and went 100% cash. Nikkei just crashed -6%. ES_F just gave up it's 50MA. We are toast...

Kinda late to the party but I might pick up some SPXU and UVXY. Definitely shorting NFLX if it can't hold the $200 and APPL if it can't hold $430.

[Vanity]

Originally Posted by Inspired

Yep, it did. Glad I got out of everything for a small loss and went 100% cash. Nikkei just crashed -6%. ES_F just gave up it's 50MA. We are toast...

Kinda late to the party but I might pick up some SPXU and UVXY. Definitely shorting NFLX if it can't hold the $200 and APPL if it can't hold $430.

Half-expected us to rechallenge the highs before we go sub-1500. I guess so far right now that doesn't look likely. Well. There's still a lot of money to be made on the downside.

[BayMoWe335]

I'm 96% cash now. Not seeing a whole lot more side but also don't see a huge catalyst to move significantly down either. Maybe 10%. I doubt we have another 2009 on our hands but who knows what the end of QEwill do. I don't see huge inflation but you can't trust the numbers.

[Inspired]

Originally Posted by Vanity

Half-expected us to rechallenge the highs before we go sub-1500. I guess so far right now that doesn't look likely. Well. There's still a lot of money to be made on the downside.

We kind of tested the highs. But that 20MA was a bitch to get through on the SPY.

My projection for the SPY...

[Inspired]

Weekly chart on the SPY.. If we can't hold 157 we are going down to the 50MA @ 147. RSI went from overbought and going downwards and MACD crossed

Same story on the Dow..