BearTrap's Account Talk

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The head & shoulder pattern in playing out in I. Testing the neckline right now and a big gap to the downside. Run for the hills!
 
"Bear market rallies are sharp, quick, loud, big, noisy, make you feel good, get people talking about them. They suck you in and then bury you soon after."
 
Nov. was another great month! Looks like the Bulls have control of the market again. Fiscal Cliff, buy the rumor and sell the fact?
 
There is an ole Trader his name is Fred, IFT picks are full dread. Which fund to pick I do not know, where Fred goes I shall not go!
 
Shunning the F fund, looking very bearish. Dec has been pretty dull, need something to get me out of hibernation. Deal or no deal, capital gains are going up. When will those traders cash out for the year?
 
Sell the News on the Fiscal Cliff is playing out (my prediction). How will the markets react to American Austerity? Probably not very well....
 
Hit my target for Jan but did not do as well as the buy and holders. Got out last Friday. The VIX is getting ready for a big move and right now it looks like it is heading to the upside. Low volume all around and potential for some profit taking this week has turned my bullish sentiment bearish. However, if the great migration out of the bond market kicks off then equities will continue to climb no matter what economic news comes out. Shunning F for a while and waiting for the next episode of C-S-I.
 
BearTrap said:
Hit my target for Jan but did not do as well as the buy and holders. Got out last Friday. The VIX is getting ready for a big move and right now it looks like it is heading to the upside. Low volume all around and potential for some profit taking this week has turned my bullish sentiment bearish. However, if the great migration out of the bond market kicks off then equities will continue to climb no matter what economic news comes out. Shunning F for a while and waiting for the next episode of C-S-I.
Click to expand...

Congrats, you made more in one month than a CD would make in 1 year!
 
Hoping for 1987 all over again. To get in the mood, I'm watching Beverly Hills Cop II while listening to Gun N' Roses :)
 
Get worried when everyone gets greedy and get greedy when everyone gets worried. Hmmmm. What are all the headlines saying right now? The sky is about to fall. I think I may have to buy. VIX and Nasdaq 100 are setting up for HUGE moves. Get ready.....
 
BearTrap said:
Get worried when everyone gets greedy and get greedy when everyone gets worried. Hmmmm. What are all the headlines saying right now? The sky is about to fall. I think I may have to buy. VIX and Nasdaq 100 are setting up for HUGE moves. Get ready.....
Click to expand...

I like that, you've just identified the only 2 major charts with bottle-necked bolinger bands (hinting at consolidation under pressure.)
 
Last August the S&P consolidated and flat-lined at the 1400 for about 21 trading days before a big jump to the upside in early Sept. Could we see a repeat since the markets love those nice round, headliner type levels? I think so. A nice burst up as a "kick the can" sequestration deal takes place at the end of the month. The timing could also work out for that head and shoulders pattern in the dollar to play itself out breaking to the downside.
 
Anyone having issues with the Autotracker processing IFT's? My system went on a buy last Friday for C-S-I. Thinking of creating a system based on bearish and bullish headlines. Kind of like the sentiment survey. I think it may do very well.... Markets should continue to rise at least until Wed. We'll see if Obama's speech throws a wet blanket on market momentum and switches everyone's focus to the next cliff and gov't in general.
 
Here come the dip buyers. I am holding long in C-S-I until that gap in AGG gets filled to the downside. Almost there.....
 
Moved out of equities and into bonds today. I don't think this is the top. I believe S&P will hit 1600 in the near future. However, I think some macro issues will cause some pullback or at the bear minimum some more consolidation. Bearish on Dow, Bullish on S&P.
 
Looks like we'll have to wait until those fed minutes to come out to see if we can get some volume moving. I'm starting to pay close attention to gas prices. Getting very close to the $4 mark in my area. Good indicator of when things will tank. People will start talking, news will start reporting, and consumer confidence will plummet.
 
I pulled out 2 days early but that is OK. Looks like the start of a pullback! We'll have to see if Thurs and Fri will confirm, so watch out for those bear traps....
 
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