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Bear Initiation Part 2

Written by j0sh1ngU
March 1st, 2010at 2:24 pm

Categories: Charts ,Markets

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4 Responses to “Bear Initiation Part 2”

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  1. j0sh1ngU j0sh1ngU says:
    March 6, 2010 at 6:07 pm

    I am well aware but above 1144 has other meaning. Below is another story. Has to do with what happened in the area sub 1144 prior to big drop. Monday most likely after I cover and reshort will likely be my last entrance short til 1170 if 1144 is taken out It is a market that has been buy only since 1085 and that is not a market but rather a manipulation of one and with signs that the buyer has left well it will be back to a market. Plus there are similarities of now to september 2007 in some investment banks.

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  2. bill bill says:
    March 1, 2010 at 9:34 pm

    Josh,

    I have been very impressed with some of your calls in the past. But it seems as though lately that you have put a line in the sand several times only to raise that line in the sand when the market rises higher. I do not mean to be critical but I am wondering what level would absolutely indicate to you that your bearish expectations are incorrect.

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    • j0sh1ngU j0sh1ngU says:
      March 1, 2010 at 9:35 pm

      been saying same thing to myself. No harsh feelings. I expect this to be it for the market. The market imo broke on Tuesday, but for some bizarre reason managed to move up. I would say if market isnt down by end of Wednesday i will be out

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      • bill bill says:
        March 6, 2010 at 6:03 pm

        Reading your blog it seems that you have again moved up your line in the sand. Forgive me for saying so but I think that is a dangerous lack of trading discipline and is the way that accounts get blown up.

        Reply

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