35854 replies to this topic

[RBM]

are some bears going to get caught with their pants down again...  

[fabes]

Then it must simply be buying of a bargain and maybe the fact that the other IS good. Pulling back again but I think we will see a nice recovery when US opens. Someone wants to buy at these levels and the US can't drop this much for so long

Agree. But I think US will drop just before open then rally up(if any).

[AJS]

Then it must simply be buying of a bargain and maybe the fact that the other IS good. Pulling back again but I think we will see a nice recovery when US opens. Someone wants to buy at these levels and the US can't drop this much for so long

 

TBO, the US hasn't dropped that much at all yet... Just my take on it. (and I am net long, so I am burning, not short and hopeful! )

 

*edit* net long equities that is.

Edited by AJS, 12 December 2013 - 04:12 PM.

[JBlack]

I saw that, but the weekly data is not that significant according to the fed from what I understand.

Then it must simply be buying of a bargain and maybe the fact that the other IS good. Pulling back again but I think we will see a nice recovery when US opens. Someone wants to buy at these levels and the US can't drop this much for so long

[fabes]

The jobless claims were worse. That was the original driver for QE according to Big Ben. Thus people see that and think that Taper won't happen just yet. Plus, I think the buying of bargains has started....

I saw that, but the weekly data is not that significant according to the fed from what I understand.

[RBM]

The jobless claims were worse. That was the original driver for QE according to Big Ben. Thus people see that and think that Taper won't happen just yet. Plus, I think the buying of bargains has started....

I agree

[JBlack]

anyone please tell me why everyone is all of a sudden moving up. US is green? Good news = bad news according to markets, now I see the opposite. Not that I mind.

The jobs data is not really that signifigant to call for a sudden turnaround?

The jobless claims were worse. That was the original driver for QE according to Big Ben. Thus people see that and think that Taper won't happen just yet. Plus, I think the buying of bargains has started....

[Argento]

Lets make this easy on us all.

 

A - tell your chats to move up to around 39600 then back down to 38800 and the bears can have tomorrow down to 38000ish.

 

What you say?

I just made the call....but think 39600 is pushing it!

 

Attached chart of SPX with possible pattern and target...seasonality calls for down into the 18th/19th Dec!

 

Looking at the SPX weekly macd once this correction is over we will see new highs to form that negative divergence...!

 

A

[RBM]

Retail numbers are good

[fabes]

anyone please tell me why everyone is all of a sudden moving up. US is green? Good news = bad news according to markets, now I see the opposite. Not that I mind.

The jobs data is not really that signifigant to call for a sudden turnaround?

[RBM]

Mmm looks like the charts are aligning for your possible scenario...short term relief!

A

I am a short term trader!

[fabes]

Data out and the crowd goes MILD.....

hahaha. confused much.

[AJS]

I reckon we are in for a little bounce, looking at the charts...

[JBlack]

Data out and the crowd goes MILD.....

[davidp13]

Lets make this easy on us all.

 

A - tell your chats to move up to around 39600 then back down to 38800 and the bears can have tomorrow down to 38000ish.

 

What you say?

[franky]

Mmm looks like the charts are aligning for your possible scenario...short term relief!

 

A

[Argento]

there could be a nice bounce later this afternoon when US retail sales numbers are published

Mmm looks like the charts are aligning for your possible scenario...short term relief!

 

A

[fabes]

I hear you. Case of "buy the rumour sell the fact". But somebody - with a keen interest to do so - must know before hand..... Or at least go to great lengths to find out before hand. Like I said a couple of months ago - it would be easy for a massive multi billion dollar investment fund to slip a couple of thousand to someone in the stats and data office to receive a timely sms from a disposable cell phone....

Very possible. There's always corruption and scandals appearing on a weekly basis.

 

Tapering can just start already, cause I for one is tired of this speculation. You can only trade day to day, unless you have deep pockets to ride out waves. Like Jakes said this morning, trading and bagging a 100 points a day is very profitable.

[JBlack]

J, Remember its not the acutual data, but the speculation that causes this mayhem. 1000 points down, think 500 up is fair enough.

 

R, I see your point and would agree, but this bear is very strong, so I'm cautious. If you think about it, tapering is supposed to be priced in long time ago already, but yet we see slides on fresh speculation everytime. This is purely speculation, but I think we will still have a santa rally, with or without tapering. Right now markets are running a "buy one get one free" discount and someone will pick it up.

I hear you. Case of "buy the rumour sell the fact". But somebody - with a keen interest to do so - must know before hand..... Or at least go to great lengths to find out before hand. Like I said a couple of months ago - it would be easy for a massive multi billion dollar investment fund to slip a couple of thousand to someone in the stats and data office to receive a timely sms from a disposable cell phone....

[fabes]

Bad things meaning more red..VIX is climbing as well so volatility will increase!

 

But Bulls and Santa will make a late second half December appearance, you can bet on the funds not posting the figures as they look now...but needs confirmation for that low before the run back up!

 

A

Thanks for clarity A.

 

I agree with you on the second paragraph. Its billions of gains erased. They also like crocodiles waiting to buy more at these low prices.