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Post by brosin on Dec 10, 2010 9:29:02 GMT -5
Until the 'coast is clear' as I see it, I have no choice but to bust out my bear avatar.
I am also rethinking my decision yesterday to NOT lighten up on some of my real life FAS; no decision made yet, it's still a little early today.
1/26/11 UPDATE: Bad call / thumbs down... same as prior post - way too early here at almost 1.5 months of upward market movement since here
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Post by theMIST on Dec 10, 2010 9:53:30 GMT -5
Just sold all longs in trading account as well as IRA.
S&P looks like she's putting in short-term top. I'm thinking pullback to 20ma (currently 1205) in the next few days.
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Post by timber on Dec 10, 2010 9:56:18 GMT -5
financials sure look strong
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Post by cosmic on Dec 10, 2010 10:06:42 GMT -5
Welcome aboard MP Airways
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Post by snapplemoney on Dec 10, 2010 10:07:32 GMT -5
cosmo whats mp's target
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Post by theMIST on Dec 10, 2010 10:08:55 GMT -5
Does this apply to China plays (specifically YOKU) ?!? LOL
;D
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Post by cosmic on Dec 10, 2010 10:09:09 GMT -5
It's still 1130-1150. In the SPY chart I posted earlier in the week, there's a quadruple solid line of support near 1130 area - which of course is the 'flash crash' area. There's one at 1170 area as well, but it's only a single line.
Supports only work on the way up, and resistances only work on the way down.
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Post by cosmic on Dec 10, 2010 10:09:50 GMT -5
Does this apply to China plays (specifically YOKU) ?!? LOL ;D MP enjoys Chinese but prefers Thai. He has no comment other than if you're allergic to MSG, be careful.
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Post by walnut on Dec 10, 2010 10:10:12 GMT -5
Couldn't get a deal to get out so sold calls on my longs, is that good enough?
Honestly the headlines all appear bullish at this moment. We are all being influenced by a cult leader with some magic tea leaves I think (Brosin).
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Post by theMIST on Dec 10, 2010 10:21:44 GMT -5
COS, how long till departure?! There are kids running up and down the aisles.
Captain MP hasn't put on the fasten seat belts sign for takeoff yet.
I think I also see CommodityPRO arguing with the stewardess. I think he's getting impatient.
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Post by kbk3ck on Dec 10, 2010 10:23:55 GMT -5
Im lost. Whats MP?
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Post by cosmic on Dec 10, 2010 10:24:55 GMT -5
Whadda ya think this is Jet Blue? bwahahahahahahaha
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Post by exabi on Dec 10, 2010 10:25:09 GMT -5
Meat_Popsicle
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Post by kbk3ck on Dec 10, 2010 10:27:20 GMT -5
Oh Meat. Got ya.
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Post by brosin on Dec 10, 2010 10:27:26 GMT -5
Couldn't get a deal to get out so sold calls on my longs, is that good enough? Honestly the headlines all appear bullish at this moment. We are all being influenced by a cult leader with some magic tea leaves I think (Brosin). Oh come on - no one is really that influenced by a 25 year old kid I'm all ears as to why I should be bullish. I'm usually not at a loss of finding reasons... I'd really like to be bullish (or even wrong) here!
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Post by kbk3ck on Dec 10, 2010 10:28:51 GMT -5
Can we turn off the seatbelt sign and settle in and get a drink?
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Post by theMIST on Dec 10, 2010 10:30:33 GMT -5
LMAO
I think CommidityPro is about to be thrown off the flight if he keeps arguing.
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Post by brosin on Dec 10, 2010 10:37:08 GMT -5
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Post by brosin on Dec 10, 2010 10:38:12 GMT -5
By the way, at this point I'm thinking we will bounce right around 1200, maybe slight break to 1190. As with the early Novemeber drop, I'll say that the sooner we get it over with, the less I think the drop will be
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Post by kbk3ck on Dec 10, 2010 10:53:47 GMT -5
Can I get her to service I mean serve me a drink? Attachments:
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Post by brosin on Dec 10, 2010 10:56:00 GMT -5
Of course Joe - Benair only provides the best service
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Post by theMIST on Dec 10, 2010 11:13:33 GMT -5
Oh! NOOOO!! Look who just boarded our flight! Now we'll never take off! Where's Captain MP?!?!
LOL
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Post by clearwaters on Dec 10, 2010 11:21:26 GMT -5
RFLMAO! Oh...that's good stuff!
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Post by kbk3ck on Dec 10, 2010 11:25:32 GMT -5
Aaaw man!! I planned on using that restroom with my Hott Fastopian flight attendant. Damn!!
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Post by bellevuetrader on Dec 10, 2010 11:28:50 GMT -5
So Clinton and I finally got bullish and now you're flipping sides? I see how it is. I hope that bear avatar is mangled in the wreckage of MP Airways! Service on Flight 1130 with a plane change in NY onto Flight 1150 has been cancelled. Please visit Ben Bernank at your nearest ticking counter for a full refund plus a free travel voucher to fly only the most reliable airline, BenAir.
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Post by brosin on Dec 10, 2010 11:32:58 GMT -5
1150 and 1130 -- while possible -- are not very likely i don't think By the way, at this point I'm thinking we will bounce right around 1200, maybe slight break to 1190. As with the early Novemeber drop, I'll say that the sooner we get it over with, the less I think the drop will be
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Post by snapplemoney on Dec 10, 2010 11:47:38 GMT -5
1178 to 1200
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Post by brosin on Dec 10, 2010 12:09:39 GMT -5
So Clinton and I finally got bullish and now you're flipping sides? I see how it is. I hope that bear avatar is mangled in the wreckage of MP Airways! Service on Flight 1130 with a plane change in NY onto Flight 1150 has been cancelled. Please visit Ben Bernank at your nearest ticking counter for a full refund plus a free travel voucher to fly only the most reliable airline, BenAir. LOL belle - this coming from one of the biggest believers in the brosin avatar: www.fastopia.proboards.com/index.cgi?action=display&board=exchange&thread=7943&page=1
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Post by theMIST on Dec 10, 2010 12:44:59 GMT -5
I don't know guys. This keeps up and I may have to reboard BenAir!
Where's Captain MP?!?! I see other flights taking off and we're still on the ground! LOL
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steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
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Post by steel on Dec 10, 2010 13:24:48 GMT -5
Carl seems to agree with a drop. He is almost dead on with his daily estimates lately. FRIDAY, DECEMBER 10, 2010 Guesstimates on December 10, 2010 March S&P E-mini Futures: Today's range estimate for the March '11 contract is 1225-1238. I think the short term trend is still upward. Next upside target is 1250 which is strong resistance. I think a drop of 50-75 points is imminent. Once it is complete the market will resume its advance to 1300. carlfutia.blogspot.com/
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