Posts Tagged ‘bears’
Ignore The Bear Noise, There Is No Sell Signal, Yet
The bears are screaming louder now than ever. Despite the fact that they have been wrong for over 6 months. There is no sell signal yet. Not from what I see. I’d rather play a slide once a slide is happening rather than continue to pick tops. The thing that I am seeing that gives …
COMPX Chart, SYNM Chart
COMPX is trading inside the box of glory. I just made the name up and I like it. The faded rectangle at the upper right is where longs and bears will get frustrated. Sideways congestion and then we we’ll know what happens after that. My guess is second leg higher. Congestion could be all of …
Bought A Little RUT, Bears Think We Topped
The Bears think we topped. There were parades today at all the entrenched bear sites as they got a move to go their way after being wrong for a month. It was a great short. I didn’t take it, but I did avoid it. I bought a little RUT at the close (about a 20-30% …
Market Slaps Bears
The market decided to slap bears around today and I got caught on the wrong side – 6% hit. I also took my losses in all the ETFs I mentioned earlier today about 6% as well there. I made 7.6% on TNA early this morning. —- Levels I’m looking for tomorrow. A trade of SPX …
We Will We Will, Rally
This long call from 3 weeks ago now is a rough spot. Its been no bed of roses, no pleasure cruise. I consider it a challenge before the whole human race and I aint gonna lose. Bears are pretty entrenched now as far as the negative picture is concerned and I agree with the big …
