Monday, January 9, 2012

Hold confirmed.

Either the market is preparing to blast off or tank. Flip a coin, I suppose. I remain 50% short.

14 comments:

  1. Blast off and then tank seems most probable.

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  2. 5 straight days at the top it is building up for a blast off. Just not sure where the ship is going. lol

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  3. Go Bears !!! http://www.1option.com/

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  4. Looks to me like a symmetrical triangle forming in the Dow and a clear upward triangle in the SPX, both of which point to a blast-off.

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  5. We have lift off!! Double Top that is.

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  6. Wonder if today is just a head fake and tomorrow we lose it all +?

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  7. Dunno, but several people I watch are all reliable and SHORT...

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  8. realmoney, who do you watch that is reliable?

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  9. This comment has been removed by the author.

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  10. I had an idea this morning about using time stops when shorting a healthy market and longing an unhealthy market. In theory it would close the position after 3 or 4 days if there has been no signal. This would give the trade some time to work before getting stuck betting against the trend for too long. The logic makes sense. When I have some spare time I will run some tests to see if this is something that would be beneficial or not. It would've been nice this week, but I'm curious how this strategy would've worked in the past. I will report the findings later, probably this weekend.

    As for today, it's a 2nd short signal right now but still some action left.

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  11. coming down to a close call today? looking like all in?

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