Friday, October 31, 2008

Dare to short this?

Closed at all time highs again.




The highest site traffic of week always coincided with local tops and bottoms so far.



51 comments by xTrenders :

parker0x said...

nice atilla.

what are your thoughts for monday?

buylo said...

Admin. getting fancy? looks like we go short next week unless the PPT wants to keep things up through the election. Happy Halloween!

PCP said...

Hey sol, what is the orange line in that on that graph?

Tesla said...

I won't get agressive long until we go below 925 to about 900 again. Short entry looks good at 1010-1030. Hard to commit either way right here in middle ground territory.

I'll let Monday show me my next entry.

PCP said...

Never mind. I see what it is now. Man, what is going to happen to this blog when everyone hears about this. It's going to be impossible to even access it during trading hours.

admin said...

Happy Halloween people !

PCP said...

Hey sol, what is the orange line in that on that graph?

Friday, October 31, 2008 9:26:00 PM EDT
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Orange: Number of visits
Yellow: Number of unique visitors

admin said...

PCP said...

Never mind. I see what it is now. Man, what is going to happen to this blog when everyone hears about this. It's going to be impossible to even access it during trading hours.

Friday, October 31, 2008 9:41:00 PM EDT
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I think at some point, when Atilla posts a trade, S&P moves 10 points in a few seconds.

observer said...

hey sol, why don't you posts your trades any more. I miss those excellent ST ideas.
Thanks for hosting this blog
Cheers

WagTheDog said...

Another COT Question:

I see where Commercials (aka The Whales) covered 12,659 short positions. However, this is only 12,659 of (12,659 + 454,482). The number 454,482 is current open interest.

In other words, The Whales covered less than 3% of their short positions.

Looking at the long side, they added less than 1% additional long positions.

Can somebody please confirm that this interpretation is correct?

I realize this data is as of Tuesday and that Wed-Friday may have led to more significant changes that will show up next week.

Thanks

PCP said...

Blogger admin said...

Happy Halloween people !

PCP said...

Hey sol, what is the orange line in that on that graph?

Friday, October 31, 2008 9:26:00 PM EDT
-----------------

Orange: Number of visits
Yellow: Number of unique visitors

Friday, October 31, 2008 9:43:00 PM EDT

I was asking about the top graph b/c I would be interested in tracking whatever equity that was up over 200%. I later realized it was Atilla's performance as tracked by someone else ;-)

When are you getting back to trading or have you not recovered from your cruise?

tradertoogood said...

Your results make Tim Knight look like a girl.

Congrats.

WagTheDog said...

Heads-Up: Lots of economic news next week, some of which are:

Monday: Construction Spending, Manufacturing Index

Wednesday: Employment Report, Non-Manufacturing Index

Thursday: Productivity Measures, Jobless Claims

Friday: Unemployment Rate

Difficult to believe there will be much to cheer about. Fasten your belts, bumpy ride ahead.

buylo said...

admin., ref your charts, just want to mention you forgot to show the Fibonaccis, Mac, Sto and Rsi

tamas said...

Sol, tradertoogood needs to be banned.

Insulting a professional trader should not be allowed here.

tradertoogood said...

tamas,

Shut the hell up. If he is a pro as you say, he should open a hedge fund like Atilla.

AJ said...

Sol TAMAS needs to be banned

insulting a professional insulter insulting a professional trader is UNACCEPTABLE

geesh tamas you must have no deek
whiney pussies make me sick
grow some skin crybaby
and dont act like a bitchy lady

AJ said...

not only that SOL but TAMAS looks like a even gayer version of JOHNNY DRAMA

DEFINITELY BAN THE MONGREL

tamas said...

Oh god, could you guys be any more immature?

aj, the guy in my icon is Robert Downey Jr... you are insulting RDJ?! Watch it, I hear Atilla is a fan.

WagTheDog said...

Tradertogood and AJ, you are both ass puppets.

Maybe you just don't get it: Not only do you insult Tim Knight, who is a fantastic trader and who strives to help others via his blog, you -also- have insulted Sol and Atilla on their blog. They've clearly stated, multiple times, the desire for this blog to be a forum for exchanging intelligent thoughts related to trading. Atilla has also commented several times that he disrespects those who result to foul language.

Here's a solution: Open your own blog. Cuss all you like there, pontificate all of your intelligent thoughts, and watch your readership climb sky-high.

I'll say it again, you're ass-puppets.

WagTheDog said...

Tamas, point-up for keeping it civil.

Sahmtrader - Moderator said...

Sol, welcome back! Bahamas again? When will you start to post and document your trades as you used to? Would love those back on the site too. Unless you've agreed it's either you or Atilla at any one time, so some of the troops here don't get confused?

Please advise. Thanks.

tradertoogood said...

Atilla,

You got the Midas Touch.

tradertoogood said...

I don't know why people are wasting their time at other blogs like the SlopeOfHope.

Nowadays, Tim has both long and short positions. That way he can never be wrong. Roflmao.

I'm sending tons of people to you, Atilla.

tradertoogood said...

Winace,

Speaking of arrogance, look at that Tim Knight bragging about his blog traffic. Roflmao.

Anyone can get buy traffic at something like http://www.bigdogwebtraffic.com/

Not saying he did, but I don't trust the guy.

I trust Atilla because his calls speak for themselves every single day. Xtrends will be the topdog trading blog. All the others are third class and should be closed down.

buylo said...

Winace, what's the real problem you won't post your trades in virtual real time like Atilla does?

Beyond said...

Why pick one? I actually like Atilla AND Tim's blog. There are a lot of great traders out there but not all of them take the time out to make a blog to teach you guys so consider yourselves lucky.

SwingTrader said...

Sol and Atilla,

Thanks for this site. I'm learning a great deal. I hope to take my turn with futures in the near future. I was recently told about another site that works with individual stocks that seems interesting, but I'm not sure if its legit or trash. They don't have much to say, but they post alot of charts. Thanks for any advise. Also, what are your long term thoughts on the overall market?
http://actionpointsta.blogspot.com/

igloo said...

Wow! Looks like some Hedge Funds that I followed a few years back (that have since failed just as spectacularly as they rose)... That's the thing about leverage... great on the way up; but on the way down... it's a different story... Good luck!

Tor said...

I think everyone here needs to chill out and instead of complaining about people and comments to try and work toghether, and help Atilla and show some gratitude.

dougs charts said...

Would you believe????
we have upside potential of 1070 points and downside potential of 5000 points on the dow. For upside, we first need a strong close above 9387, for downside a reversal here could start the ball rolling...
If we popped monday 9647 would be max up and that would likely be sold hard. on the downside,8900 area would likely hold for the day.

admin said...

Winace said...

Don't sweat it tor, corruption of conformity is not allowed here, watch, this comment will disappear in 10....9....8....7.....

Sunday, November 2, 2008 1:39:00 PM EST
---------------------

I believe I made it clear before that lowlifes , degenerates and whore-products like you will not be allowed on this blog. I will do my best to police xTrends as long as you try to litter it!

IC said...

Sol are you going to post your trades again? I really appreciate your short-term outlook, and trying to learn that style of trading now. I know all that money Atilla made you needs to be spent, but all at once? I mean fishing, Bahamas cruise? Get some work done dude :-). Anyway, hope you had a great time on the cruise.

Austin said...

hey take it easy guys..

http://youtube.com/watch?v=efZQhYu1E5s

:)

admin said...

IC,

I haven't been trading for sometime now.

When I start, I will continue my updates. I am still preoccupied with the possibilities created by the abnormal change in my fiscal situation!!!

Atilla M. Demiray said...

Extended McClellan Oscillator making retail droll to short... I wouldn't hurry

We are coming out of a climax bottom... meaning it will climax on the upside too... what a lovely game isnt it?

Indus said...

Should we wait for 1050 to short S&P or is it worth shorting at 980?

I think it has to go down tomorrow after a small fake out on daily chart.

For the month of Nov the low should be 820 - 790.

This is what my wish is :) and chart also tells me the same! I mean one possiblity..

Trader Joe said...

I agree Atilla I'm thinking it may want to close the gap up there around 1100 but I need your skills to tell me where to pick up /ES on the next retrace if we even get one :)

Atilla M. Demiray said...

If we gap down, we may explode towads SPX 1000 after a brief consolidation

I know that sentiment and some oscillators are extended and due for a sell off but they never work in trading. They always work eventually but that eventual result you bet on can come after a serious damage done in your account. Timing is everything

PCP said...

Blogger admin said...

IC,

I haven't been trading for sometime now.

When I start, I will continue my updates. I am still preoccupied with the possibilities created by the abnormal change in my fiscal situation!!!

Sunday, November 2, 2008 5:42:00 PM EST

ha ha...only people who are allowed to say that are rich people who went broke.

FWIW, if you need help figuring things out, let me know. I can help :0

Atilla M. Demiray said...

The thing bears can celebrate is there is no upside after 1100

1100 is the maximum it can get

There is still a long term downside target between 670-760

So I think there will be plenty of opportunities to make billions in coming months

Trader Joe said...

Atilla have you had a chance to look at COT over the various markets and if so have you found any interesting to keep an eye on ?

Atilla M. Demiray said...

I think COT is getting bullish in a sense that we are not done going up in the range of 1100 - 850

So the pull back we will get is a corrective and should be bot

The most bullish index in COT appears to be Dow

Trader Joe said...

I've heard reports that commercials are actually net long crude/grains etc and my thinking is the market gets a sense that hedge fund unwinding has abated and commodities can get a modest bounce going that that might help trigger a sharp short covering rally in stocks too.. that might be the thing that gets up back up into that gap zone.

Atilla M. Demiray said...

Have you seen Alcoa's long term chart

That tells you something quite wrong about commodity bet

Trader Joe said...

I agree 100% long term that we are in a deflation spiral and basic materials are going lower but I just thought at some point we get a short sweet corrective bounce across the crb.. if that happens it should push stocks higher briefly.

Carl said...

Atilla,

if you had to short a sector and/or a stock:wich will be your choises?

Tanks

Carl

Atilla M. Demiray said...

CRX or XAU indices

Salvador said...

XAU as in Gold ?

Best,

Sal

Atilla M. Demiray said...

yes

Indus said...

Atilla M. Demiray said...
The thing bears can celebrate is there is no upside after 1100

1100 is the maximum it can get

There is still a long term downside target between 670-760

So I think there will be plenty of opportunities to make billions in coming months

------------------

Thank you Ati.. I'll wait for 1050 - 1100 to come before initate a short.

indusequities said...

Ati, please check the 30 mins chart too