Pata, fantistic calls. I feel they tried to make DOW/SP look bearish, but quitely buying RUT. I guess MM always take opposite position of the crowd. Is the crowd getting bearish after 200 pts down on DOW? thanks.
the point is that they need the crowd more than anything. Where do their gains come from if not from the crowd. So the endless game is tempt them enough----->screw them. Rinse and repeat. But they need to tempt them again now, so some rally coming IMO. Also, there is not too much juice left to the downside for the moment GL
Nice trade management dude. I started managing my trades a lot better lately and it helps me switch directions without holding such a grudge. I'm agreeing with you on the rally. I'm looking at friday/monday to top this thing but could be as soon as thursday night. I have not seen any real buying. Copper, currencies and bonds say we have a 1300 target coming. But for now it does look like we need to hit 1400.
I'm not sure we've seen the top for the year, but I think its close. And I think it's only because the Feds will be back in this market. Just have to play their game until we steal the ball next year/this summer. :-)
Pata, Brilliant trades. I just checked ISEE call to put data. It looks like retailer are getting extremely bullish again. Lots of them might be expecting new high shortly.
Pata, fantistic calls. I feel they tried to make DOW/SP look bearish, but quitely buying RUT. I guess MM always take opposite position of the crowd. Is the crowd getting bearish after 200 pts down on DOW? thanks.
ReplyDeletethe point is that they need the crowd more than anything. Where do their gains come from if not from the crowd. So the endless game is tempt them enough----->screw them. Rinse and repeat.
ReplyDeleteBut they need to tempt them again now, so some rally coming IMO. Also, there is not too much juice left to the downside for the moment
GL
took 25% off at 1368
ReplyDeletecovered 25% more at 1367.25 -
ReplyDeletegoing to bed easier now :)
Nice trade management dude. I started managing my trades a lot better lately and it helps me switch directions without holding such a grudge. I'm agreeing with you on the rally. I'm looking at friday/monday to top this thing but could be as soon as thursday night. I have not seen any real buying. Copper, currencies and bonds say we have a 1300 target coming. But for now it does look like we need to hit 1400.
ReplyDeleteI'm not sure we've seen the top for the year, but I think its close. And I think it's only because the Feds will be back in this market. Just have to play their game until we steal the ball next year/this summer. :-)
My random thoughts, for however little its worth.
I doubt this was the top for the year but who knows... :)
DeleteGL
Covered 50% remaining at 1381.5
ReplyDeletethere may be more upside but plan is plan
Well done again, as usual :)
DeletePata, Brilliant trades. I just checked ISEE call to put data. It looks like retailer are getting extremely bullish again. Lots of them might be expecting new high shortly.
ReplyDelete