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  #1  
Old 06-10-2011, 11:29 AM
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jms62 jms62 is offline
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Originally Posted by wiphan View Post
What you saw was the Dead Cat Bounce, watch the market start to deteriorate....
I've been short via ETF's since Week of March 7 when Nasdaq Weekly MACD turned negative. Just getting my head above water the last 2 weeks... 200 Day average coming up shortly on both COMP and SPX, you usually see a bounce. Interesting to see how this afternoon will play out given that it is the summer.. If you see a recovery I'd be extremely worried as it is a setup.
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  #2  
Old 06-10-2011, 11:30 AM
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randallscott35 randallscott35 is offline
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Originally Posted by jms62 View Post
I've been short via ETF's since Week of March 7 when Nasdaq Weekly MACD turned negative. Just getting my head above water the last 2 weeks... 200 Day average coming up shortly on both COMP and SPX, you usually see a bounce. Interesting to see how this afternoon will play out given that it is the summer.. If you see a recovery I'd be extremely worried as it is a setup.
There never was a recovery. Asset prices driven up by funny money. 45 million on food stamps and getting worse daily.
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  #3  
Old 06-10-2011, 11:33 AM
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Originally Posted by randallscott35 View Post
There never was a recovery. Asset prices driven up by funny money. 45 million on food stamps and getting worse daily.
Dude.... I'm talking technical Bounce off preceived MA Support not a recovery.. I certainly will not be a buyer of any bounce until Weekly trend turns around..
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  #4  
Old 06-10-2011, 11:34 AM
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randallscott35 randallscott35 is offline
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Dude.... I'm talking technical Bounce off preceived MA Support not a recovery.. I certainly will not be a buyer of any bounce until Weekly trend turns around..
Got you...
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  #5  
Old 06-10-2011, 11:38 AM
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jms62 jms62 is offline
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Originally Posted by randallscott35 View Post
Got you...
And from what I am seeing it seems China Market is looking like a big ponzi scam. Racked by crooked accounting... They may be in for a world of hurt as they were considered a safe haven.. Many brokerages have put a policy of no margin trading on their stocks trading here.
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  #6  
Old 06-10-2011, 02:11 PM
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  #7  
Old 06-14-2011, 10:10 AM
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jms62 jms62 is offline
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Comp low 6/12 2629.61 200 Day MA 2630.95

Look for a rally back to 2730-2750 area
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  #8  
Old 06-16-2011, 02:22 PM
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that is the craziest damn place.....
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