Well, even if it was tiny but it was dOWN, , important hint. The bull is far from being dead but at least it showed some signs at 1370-pataconic-promised-but-unwished _land :) Honestly , I think this is all election driven rally, even if i have no clue about what politics media is saying. Traders should disregard everything but their systems , but main roadblock to build a systems is to look at everything :) so it is har times for all us who do not yet own a solid system. what can I say? Ajo y agua..... Is buy the dip the solution? yes for VSTers,NOT for every one else, IMO
Pata, I definitely agree its election driven. The are drowning their troubles in liquidity. I wish that we could hear what UI has to say about the longterm, but I don't think it has changed. I have a weak ST buy signal, basically looking for one last spike up that tops next week before the IT turns down. I still see a retest of the march 09 lows before the real bull kicks in. I get laughed at everytime I bring that scenario up :-)
I must say, I'm definitely not one to follow so far this year. I have been off. But, it is harder for me to read the market when so many big players are not involved. I'm adjusting...
one shouldnt qualify a system or trader's performance in this type of market . It is just bulltardish and the only goal is to accumulate enough to create the ugliest down leg ever (you will see clearly what i mean by year end). Probably is time to wait and see if one is not comfortable with dip-buying I am no permabear, I did forecast an upleg towards 137x during past August, even if havent been consequent with that view in my trading lately. All in all, I am ok with this bull but I also know that the real big money will be made on the short side this year, mark my words. GL
sl set at 1366 now
ReplyDeletedown into friday before the final ST move? Might be time for some shake'n'bake.
ReplyDeleteDow and internals say " no more" :)
ReplyDeletegap down tomorrow IMO
ReplyDeleteWell, even if it was tiny but it was dOWN, , important hint.
ReplyDeleteThe bull is far from being dead but at least it showed some signs at 1370-pataconic-promised-but-unwished _land :)
Honestly , I think this is all election driven rally, even if i have no clue about what politics media is saying.
Traders should disregard everything but their systems , but main roadblock to build a systems is to look at everything :) so it is har times for all us who do not yet own a solid system.
what can I say? Ajo y agua.....
Is buy the dip the solution? yes for VSTers,NOT for every one else, IMO
bwtw, RUT is CUTe :)
ReplyDeletePata, I definitely agree its election driven. The are drowning their troubles in liquidity. I wish that we could hear what UI has to say about the longterm, but I don't think it has changed. I have a weak ST buy signal, basically looking for one last spike up that tops next week before the IT turns down. I still see a retest of the march 09 lows before the real bull kicks in. I get laughed at everytime I bring that scenario up :-)
ReplyDeleteI must say, I'm definitely not one to follow so far this year. I have been off. But, it is harder for me to read the market when so many big players are not involved. I'm adjusting...
one shouldnt qualify a system or trader's performance in this type of market . It is just bulltardish and the only goal is to accumulate enough to create the ugliest down leg ever (you will see clearly what i mean by year end). Probably is time to wait and see if one is not comfortable with dip-buying
DeleteI am no permabear, I did forecast an upleg towards 137x during past August, even if havent been consequent with that view in my trading lately.
All in all, I am ok with this bull but I also know that the real big money will be made on the short side this year, mark my words.
GL
Pata, just got a sell signal on that NFP pop. Stop is 30m close above 73...good luck all.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI'm seeing lots of selling into these pops up here. We may be done.
ReplyDelete