Disqus - Latest Comments for stopsarein

Re: Monday Prostate Exam Rub Down

JohnyWalker — Tue, 26 May 2009 19:47:12 -0000

Im not "blaming you" , maybe somebody else is. There are valid reasons based on their comments to me why I didnt take it up despite voting yes and they are not that it produced bad signals and your calling them names isnt exactly helping apotential client like 1000s of others change my mind. Thats just a friendly word, take it as you will. Moving along.

Re: Monday Prostate Exam Rub Down

JohnyWalker — Tue, 26 May 2009 16:57:57 -0000

I actually find the statement " but it seems a lot of the rats who gave up were small timers who don’t really know a first thing about trading. " a little harsh to be honest. A friend of mine was a sub for a month and echoed the same sentiment with his conclusion in the end that the designer did not really trust the system or alerts were probably valid at the time of issue but not by time execution was made. I think to be fair anybody who wasnt short this morning knew , that if it wasnt a long it sure wasnt a short. Anybody short didnt need a black box to tell them there was an ass kicking inthe pipeline exp over 905. Im not knocking the system but from what has been discussed ( and to be honest very little discussion on this site itself , it seems to be behind closed doors ) the people who l know at least that " left " are good traders.

Re: http://slopeofhope.com/2009/05/24/here_in_my_car.htm

JohnyWalker — Sun, 24 May 2009 11:11:09 -0000

" They're the kind of people who say that Cramer is an ass clown in public but then go home and watch him every night. "

lol.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sun, 24 May 2009 07:11:52 -0000

Posting bullish thoughts is an easy trick untill it doesnt work and when it doesnt work it wont be pretty and just to offer you an alternative contrary point of view it is precisely because there is " so much " optimism around that we may see a decent tumble ( 50% retrace ) . For now ill stick to selling the top of that range to buying the bottom. Those support lines are sloping upwards as are the moving averages we closed below. The truth is i believe one has to wait and see but there is also a bearish case on the table and for this reason im short from the top and not the bottom.I notice you are long untill xxx is breached in your comment trail with xxx moving slowly down. You could be right of course and at that point ill close my shorts for not so massive profits :)

I have read your blog post and im going to be contrarian and say the dollar will rally from around these here levels and that will drag commodoties. Where $bank goes the SPX goes.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 19:49:43 -0000

I have noticed the same thing in a rading group I frequent where the majority are long anybody shorting anything last week got a roasting and a lecture about 1000 " for starters ". In the eyes of some folks im not a only a bear ( shorter term ) but a " pirate " to boot.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 19:42:21 -0000

Wow. Its kind of odd the most healthy thing in the world for a bull would be a good selloff. I have been trading 2 years and it sure doesnt feel like the market was going up 70% of the time and when i started with that attitude my profits were for sure not infinite.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 15:21:34 -0000

What has me most encouraged in terms of volume is that it appeared at the tops thus far in place.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 15:16:43 -0000

That and the market have only a loose relationship. Just as they overdid it in terms of pessimism ( apparently although i think in the last quarter hey will talk about green shoots on a frosty morning ) shown at 669 they can easily have overdone the optimism to the upside. All that data is already priced in and possibly then some. Im short for 800 or so and i think should it pan out it can and will be considered more than a short term correction giving back 50% of the rally, I suppose im being pedanthic but i think a 150 point drop can be counted as more than a dip ,

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 15:11:52 -0000

The euro will be a great short against the dollar , wave 3 power to the downside coming our way i believe. It is this turning point in the forex world which elliot wave points towards that has be confident we will break the levels Tim is looking at in his post.

Re: http://slopeofhope.com/2009/05/23/saturday_sermon.htm

JohnyWalker — Sat, 23 May 2009 10:43:39 -0000

Halle Luu yaaah ! I believe i can see the light.

Re: http://slopeofhope.com/2009/05/22/top_ten.htm

JohnyWalker — Fri, 22 May 2009 19:45:33 -0000

Bull breaker , i like it.

Re: Frosty Friday Rub Down

JohnyWalker — Fri, 22 May 2009 18:32:59 -0000

Here is my two cents http://www.screencast.com/u...

I think the downside potential here is decent with a 3rd wave down in the works. We either have one more measured move higher to " suffer " ( as i have stayed the course from 921s ) up into 900 / 905 to complete this wave 2 countertrend move or we just get the show on the road on Tuesday with a monster gap down.

Re: Not Bucking The Down Trend

JohnyWalker — Fri, 22 May 2009 14:30:21 -0000

Finally i can afford the evil rat ( Im in Spain ) ok just kidding wouldnt like to be paid in dollars.

Re: Not Bucking The Down Trend

JohnyWalker — Fri, 22 May 2009 14:17:22 -0000

Repost :
Are we putting in the B wave here of a corrective wave 2 overall ?

http://screencast.com/t/wyO...

I can count 5 down complete at yesterdays low so this might be wave 2 here terminating around 900 with a 3rd wave to commence monday.

I am thinking that to consider 850 the target for an intermediate x wave is giving the bulls to much credit and besides in time that would not figure well for the count as the X wave would be very short in time ?

Re: Scaling Back Into Short Positions

JohnyWalker — Fri, 22 May 2009 14:09:48 -0000

Are we putting in the B wave here of a corrective wave 2 overall ?

http://screencast.com/t/wyO...

I can count 5 down complete at yesterdays low so this might be wave 2 here terminating around 900 with a 3rd wave to commence monday.

Re: http://slopeofhope.com/2009/05/21/was_that_it.htm

JohnyWalker — Thu, 21 May 2009 17:06:03 -0000

Get a message saying please visit stockcharts.com

Re: http://slopeofhope.com/2009/05/21/was_that_it.htm

JohnyWalker — Thu, 21 May 2009 17:03:54 -0000

Staying short from 921

http://screencast.com/t/yCt...
http://screencast.com/t/XTE...

Re: Breach-A-Licious

JohnyWalker — Thu, 21 May 2009 12:54:02 -0000

Thank you . my comment is based on the fact that they didnt participate to happilly in the B wave up , thats what gave me the confidence to hold 921s short . Now they show slight strenght to the index ( esp for XLF watchers ) but I cant decide what that means. If banks signalled down while es was heading up yesterday and are now finding some form of support... Like i said I am not gonna be shook out too easily but it doesnt seem to take much to bring out the pop tarts for now im fully short.

Re: Breach-A-Licious

JohnyWalker — Thu, 21 May 2009 12:15:16 -0000

They have been doing that for the last few days , i think banks are in " hover mode " waiting for the rest of the fleet to catch up. Im sort of looking at this as the way this is playing out. http://screencast.com/t/Xx6...

I know its been a bullfest but we might be onto something here. so i dont want to get shaken out of the tree too easily.

Re: Whacky Wednesday Rub Down

JohnyWalker — Wed, 20 May 2009 20:29:51 -0000

We will see, smart bears im sure are both short and have lines in the sand drawn. Reference the dollar its fall could not save equities today. For the moment i continue to enjoy nice red candles on my es feed.

Re: Surprise 9.0

JohnyWalker — Wed, 20 May 2009 17:42:56 -0000

Seems to have played out nicely in the end.

Re: Last Minute Channel

JohnyWalker — Wed, 20 May 2009 15:30:25 -0000

I took the 921s and im still on the case. if this is not " it " we are close. Dailys look busted.

Re: Surprise 9.0

JohnyWalker — Wed, 20 May 2009 10:31:07 -0000

What about the expanded flat ? Some euro indexs are not rallying with this having hit targets for the 5th wave esp the FTSE.

Re: Tacky Tuesday Rub Down

JohnyWalker — Wed, 20 May 2009 01:00:10 -0000

Thats a good count he has on the FTSE.

Re: Tacky Tuesday Rub Down

JohnyWalker — Tue, 19 May 2009 21:51:26 -0000

Yeah or just give GS a few billion of tax payers money with instructions to buy the es at every 50% retrace to the downside. Both seem to work well.