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Old 17-12-2007, 05:45 PM   #21 (permalink)
Tropo
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WOW... Got Hammered Today!!.. Things aren't looking so Rosy for the BULLS out there!



DaveJ
Hey DaveJ,

The only good news is that XJO missed my 2-nd level today (6258) by 5 points

Are you still in ZFX ?
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Old 17-12-2007, 06:02 PM   #22 (permalink)
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I may be mistaken, but there seems to be some resistance at 6700
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Old 17-12-2007, 06:11 PM   #23 (permalink)
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I may be mistaken, but there seems to be some resistance at 6700
6685 & 6717/20.
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Old 17-12-2007, 06:55 PM   #24 (permalink)
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Are you still in ZFX ?
No ZFX Taught me a big Lesson... teehee But do have a lot of juicy tax credits now.

Am Short ANZ, CBA, SGB, LGL, BNB, NWS.

Caught caught out on OXR (was long)... But it is in January so trying to 'repair' it.

Probably a bounce tomorrow if the US has any strength(even flat)... But i am just going with the trends...

I sold out of all my managed funds about 3wks ago... Seems a good guess

How are you trading this market Tropo?

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Old 17-12-2007, 07:28 PM   #25 (permalink)
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No ZFX Taught me a big Lesson... teehee But do have a lot of juicy tax credits now.

Am Short ANZ, CBA, SGB, LGL, BNB, NWS.

Caught caught out on OXR (was long)... But it is in January so trying to 'repair' it.

Probably a bounce tomorrow if the US has any strength(even flat)... But i am just going with the trends...

I sold out of all my managed funds about 3wks ago... Seems a good guess

How are you trading this market Tropo?

DaveJ
Yeh....ZFX is a big disappointment. Not to worry. I know this feeling !!.
In the past I hedged my back pocket couple of times. I managed to square my position.
But as long as you do have bullets to fight another day that is what matters.

"I sold out of all my managed funds about 3wks ago... Seems a good guess"

Hey .... That is good news !!!!

I do not trade Stock Market for the last few years. Market I trade (FX) is always bullish (IMHO), but I do get headache from time to time...
Watch DOW /SP&500 tonight...As you know nothing is impossible in the market.
Happy shorting !
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Old 18-12-2007, 09:40 AM   #26 (permalink)
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KABOOM!! !
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Old 18-12-2007, 10:09 AM   #27 (permalink)
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KABOOM!! !
Yeh....sfwyhf

XJO broke my 3-rd level down by 13 points and pushed back up again.
If it closes today at/above my level (6119) it may go up back tomorrow (IMHO).
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Old 18-12-2007, 10:27 AM   #28 (permalink)
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People are so used to it bouncing back up after these things, it is almost just expected now, people dont even think otherwise! When it eventually doesnt get over it's hangover from the night before, I think it is going to be very nasty
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Old 18-12-2007, 11:07 AM   #29 (permalink)
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People are so used to it bouncing back up after these things, it is almost just expected now, people dont even think otherwise! When it eventually doesnt get over it's hangover from the night before, I think it is going to be very nasty
Yep....Any bounce back up from now may be another bull trap.
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Old 18-12-2007, 12:11 PM   #30 (permalink)
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Yep....Any bounce back up from now may be another bull trap.
The drama is - are company earnings down significantly due to any changes? Are P/Es at highs that are similar to bull market reversals? Granted there are some casualties (CNP), and probably will be more, but they dont exactly make up a significant portion of our market do they? On the other hand people may have had these arguments just before every bear market
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