you still have a chance to get long the market.
As long as we steer clear of bad news hitting the tape, like World War 3 or some shit, I would say this market is ready to rip higher. And, I’m not taking about a small move, I’m taking about a “Fuck you I have no long exposure, buy it at market, buy it at market!” type of rally. Don’t you want a piece of that?
I can see the stars aligning as I type. The bears are ripe (135% ripe), $GOOG looks phenomenal, $GS had a strong finish, and don’t forget M&A Monday.
I look at charts day in and day out, 1000s of them per day. If I was scanning and came across the chart below, I would mark it for high priority for the following day. Just like your $RIG “BTFO” this week, the same can happen to the overall market.
Oh, and by the way it’s option expiration week, how convenient.
WHO DAT?! TYPE RALLY:
[youtube:http://www.youtube.com/watch?v=0lHe6MtmEDk 600 400] If you enjoy the content at iBankCoin, please follow us on Twitter
WRONG.
learn to draw trendlines, piker.
who dat think they gonna beat Ragin Cajun?
maybe you are a very seasoned trader. but your posts on this site look pure rude for no reason.
Cajun, I agree, a big move is coming, and while I think a pullback is more healthy, it very well may be to the upside.
Pullback or march higher, no more breakdown here. Both are healthy for the informed. Don’t know where nutf#$%&er is coming from….Mars or beyond.
Having said that, maybe he/she is correct. NOT.
I don’t see a move above 1150 without significant job creation. It could happen closer to the elections on a false basis, but i just don’t see it yet.
I will be getting very short around 1130 with a stop around 1160 (closing basis). I’m neutral now.
I think the trading range holds for now…i agree, no breakdown in the cards for the immediate future.
I think we could go significantly higher than 1150, but for getting short, I think if we really to there without a healthy pullback, it would be a good place to do so.
This will be funny when they shake you out and then go up. Aka we headed lower to 1075-1085 and then higher.
Have a good weekend and congrats on Saints victory
RC,
Fly’s posts seems to indicate a market that is ready to go down and he has mostly VXX and TZA. But your post here indicates a market ready to rally. How come the two of you both using PPT system but get opposite market directions?
Thanks.
My market call has nothing to do with The PPT score. It is what I am seeing beneath the surface.
We very well could go lower here, but the window of opportunity for the bulls is still wide open.
Thanks RC. Based on PPT score showing overbought I held back getting more longs and instead got VXX and TZA. Not sure now to drop those or hold those. Your chart is convincing though.
Hubbs
PPT is my creation. RC is entitled to his own opinion. And, often times, he is right when I am wrong.
Thanks Sir. I Try to understand how PPT works for different people and if it will work for newbies making very limited trade now and then.
nutfucker, while I have a different pov from RC over short term, which he is not denying either, you are a fucking troll. I see you are spraying your dumb troll shit over all the blogs on this website, desperately trying to diss the authors. You have an agenda and my bet is you are prolly Tim Knight in your drag queen internet avatar. Go fuck yourself bitch.
Sitting on my hands (long) waiting for a catalyst.
Poor Tim, he’ll never live down his 135% margined short fuck up
RC – $AONE up 11% pre market! Maybe there is a chance soon for it to go back up near/past $11?
RC – do you have a target fro $ID ? Thanks
no target, stop though, right below 8.80