Everybody expects it to be a "sell the rumor"; that's why I'm not so sure it will happen (even if I'm rather short right now :)). I agree with you on CPC, it points to a top on the markets.
I couldn't agree more -- let's hope the bulls don't prove us wrong. Of course, you're the guy who shorts into futures limit up situations with abandon so I take comfort in your conviction!
Ben, looks like a major triangle going back to early October is about to break. I see the bottom end of the triangle around 825 on the S&P. If it breaks, then we're gunna test the lows. It may actually be a good spot to go long with a stop around 810, where you'd go super short.
Everybody expects it to be a "sell the rumor"; that's why I'm not so sure it will happen (even if I'm rather short right now :)). I agree with you on CPC, it points to a top on the markets.
ReplyDeletegot to agree, I'm short and have been adding but it just looks too easy to be honest
ReplyDeleteI couldn't agree more -- let's hope the bulls don't prove us wrong. Of course, you're the guy who shorts into futures limit up situations with abandon so I take comfort in your conviction!
ReplyDeleteHehehe...
ReplyDeleteI love Timmy!
Ben, looks like a major triangle going back to early October is about to break. I see the bottom end of the triangle around 825 on the S&P. If it breaks, then we're gunna test the lows. It may actually be a good spot to go long with a stop around 810, where you'd go super short.
ReplyDelete