Leave your trades below!
1:56pm
Like I mentioned earlier 109.20 was hit, and we did get some type of bounce. But i’m not a buyer of this bounce yet because we broke the 110.00 level which should have held if the bulls were still in control. I think shorting 109.00-109.20 is the way to go. I shorted the SPY at 109.98 and my stop is at 109.88, i’m hoping we move lower from here.
11:23am
Check out this video from Adam at INO, you can sign up for free to get updates on all the videos. Here’s the last one: http://www.ino.com/info/609/CD4204/&dp=0&l=0&campaignid=3
10:52am
As GS daily touches $150, it looks like a great retracement of a very important breakout (former resistance is support) but with the SPY breaking down under 109.85, if we do hit GS at 150 it might be worth to short on a breakdown of that level rather than by the bounce. But both can be played with stops:
10:15am
The fact that we are not bouncing off the 110.00 level and creating higher highs and higher lows is not a good sign. It looks like a break of the very strong 109.85-110.00 is imminent. Get ready to put on your short hats.
9:38am
SPY hitting up against the 110 level. Guys, if you’re a bull on this market, this is the ultimate place to be buying this sell off. This is the only place I think you should be buying the SPY. There will be some support at 109-109.15 as well, but at that point i wouldn’t be as bullish. So basically, 110 is the only retracement i want to be buying, and if it breaks today it’s over for the bulls. Here’s the 4 hour SPY chart:
Anyone hear from Jimbo today? He was supposed to have a new short specific list for regional banks
and real estate stuff to short for the next 30 days.
He’s usually at the chat rooms at http://www.tfnn.com in the a/h but not today?
Could someone confirm his email in case i have it wrong?
Hey jimbo! Cmon back with your old I’d
2,250 shares of CSCO at $21.80
anybody here wants to thank me for the HUGE STRONG forecast I said on Monday. Just check, I said way ahead.
HUGE HUGE HUGE HUGE profit
People asked me how much we may bounce, the answer is that we do not know the short term bottom yet, so how the hell we should know about the bounce. We will stick with big boys and we will fighue out.
SWBB
we are no longer in the buy the dips but rater sell the rallies.
I’m a young guy, but I’m learning the harsh realities of this world.
One of them being, is that no one owes you jack $$$$.
In College, I was mentored by the coach of an undergraduate case competition team, and he told me if I came to his school, I would be on his team..
I decide to go to that school, called Concordia University, instead of McGill, and when I finally end up trying out, I do not get selected!! I am very pissed off.. but hey .. the harssh realities of life is trust no one’s word..
Man.. I used to always think smarts, and top grades gets you places.. guess not.?
What Concordia did you attend?
Zee, did you apply as yourself, Sam or the 22 different id’s you use here?
Let me guess, Department of Theater Arts?