So far not looking so good. My hypothesis is that the market is run up by 'smart money' in an attempt to distribute to 'dumb' money via sideways...
I just sold another chunk at 1136.00. If my thesis is correct, we shouldn't go much higher. If so, I'll be cutting losses. Time is more important...
I'll have to watch the day develop. I was already short going into today. At this point, I expect a 20 point down move in the S&P today....
I just sold 1131.00 and 1130.00. Not sure if it's a gift or I'm an idiot. Time will tell.
Basically, I agree.
I don't like the price action of this market. It trades like a distribution to me (ie. sharp spikes engineered by smart money with no follow...
Thank you very much for your kind reply!
I was recently posed the following question and am thinking about retorting with the following answer. However, I really don't know what the f*...
I'm once again at it on the short side. Kept half of my short position and now adding again, somewhat more aggressively than the first time. I...
Surprise, surprise! I just covered half of my shorts at an average of about 1030.70. Looking at the world markets (performance of the $, Nikkei,...
Mecro, my first words on this thread were "I got lucky". Thanks for your opinion, the market will definately try the downside at some point...
Average entry of about 1148.50. No idea where I am going to cover. Depends on price action and what develops.
Good analysis Cutten. I agree. Hence my current 'texas style' positioning of Long Nikkei, Short Euroyen, Long Yen. I am short the Euroyen because...
Cutten, we are positioned similarly. I've been betting heavy on Yen strength for quite a while now. Many people are afraid to be long Yen due to...
Despite lots of commentary on the dollar effecting asset valuations, I've never seen the dollar ever have any impact on asset price direction.
You are right, I do not trade stocks intraday. Your post is well taken and I'm typically the first to say that the trend is the most powerful...
LOL, no that's not me. That's Fuji Bank. We always play a marking game. I last sold 200 at 98.55 to them about 3 days ago if that gives you any...
Bloomberg will give you a quote, EYH8. I represent the entire open interest in the March '08 contract on SIMEX (myself and Fuji Bank on the other...
Cutten, I'm short March 2005 and March 2008. Obviously, the further you go out, the more risk you take (assuming that your mental stop is 100)....
First of all, the amount of shorts is a pimple on the ass of this market. The vast majority of the market is long (and always will be). The...
Separate names with a comma.