I am all in shorting this market with cash only. No margin. Will get out if SPY exceeds recent highs. Don't think we get a better opportunity than this shorting. I believe markets may start taking chips off at the end of day, as ADP report, challenger, UNEMP claims, and Jobs report are due in the next three days. If mrkets acts the way I want, will add margin.
I believe the market is waiting for 1 year anniversary of bull run from last March for a major reversal. Was it March 9th, 2009? So I am expecting some dates very close to March 9th, 2010.
jdt: yup, today it finally cracks after 3 days of this crap.
gcl: I was thinking the same thing this weekend reading a book by George Angell who had a chapter about that Gann guy.. and listed March 6 as an important reversal date.
Last year, I thought it was March 6/7th lows.
Can we get to 115 first?
Well, I can't find anything online other than someone else listing the gann cycles as 3/10 to 3/11..
looks like double top on IWM 3/6 is an important date supposed to be a cycle low...EW has low around 1080 - 1050 which could match the gap fill that is required on the SPY..then up, up and away into OPEX
gcl, I agree 100%, but that sure does not mean this market will not rally hard. I am long SDS
ReplyDeleteLots of resistance at 1120 SPX.
ReplyDeleteI am all in shorting this market with cash only. No margin. Will get out if SPY exceeds recent highs. Don't think we get a better opportunity than this shorting. I believe markets may start taking chips off at the end of day, as ADP report, challenger, UNEMP claims, and Jobs report are due in the next three days.
ReplyDeleteIf mrkets acts the way I want, will add margin.
here's comes the 1 pm reversal with B/O rally at 1:30?
ReplyDeletei hope not. in spxu@34.25.
i will bail again if we go under 34.25.
coeasoni
out 34.23
ReplyDeletei don't have the balls like sure mantra :(
maybe at 115 i might.
essen
I believe the market is waiting for 1 year anniversary of bull run from last March for a major reversal. Was it March 9th, 2009? So I am expecting some dates very close to March 9th, 2010.
ReplyDeletejdt: yup, today it finally cracks after 3 days of this crap.
ReplyDeletegcl:
I was thinking the same thing this weekend reading a book by George Angell who had a chapter about that Gann guy.. and listed March 6 as an important reversal date.
Last year, I thought it was March 6/7th lows.
Can we get to 115 first?
Well, I can't find anything online other than someone else listing the gann cycles as 3/10 to 3/11..
http://www.ganncycles.net/GannCycles/index.php?option=com_content&task=view&id=22&Itemid=36
whini
damn it! that move was 3 hours late in the making.
ReplyDeletegleneno
reimm
Watch INTC as the leading indicator for the market for up or down.
ReplyDeletelooks like double top on IWM
ReplyDelete3/6 is an important date supposed to be a cycle low...EW has low around 1080 - 1050 which could match the gap fill that is required on the SPY..then up, up and away into OPEX