Monday, November 17, 2008

I expect SP500 to undercut 800 this week

I dont have a target yet but this could be a climactic week, closing near the lows unlike what I previously thought

I am fully short (intended position) S&P and Dow

50% ES, 50% YM

330 comments by xTrenders :

«Oldest   ‹Older   1 – 200 of 330   Newer›   Newest»
TraderTamas said...

That's a pretty bold prediction.

Jooon_Yer said...

sub

Skates said...

I love the new Atilla, keep waving the big stick...

Honestly, I also love the newly moderated comments section. The trolls are being taken out in full force.

James said...

waiting for ~878 to created right should to short

Glen said...

TZA is the new triple bear ETF small cap. Better than puts.

Ben said...

With much respect, I have no problem taking the other side of that trade. See you north of 900. Stop at 850 will prove me wrong. gl

Sam said...

Every week is a climactic week in this market until it goes to 0.

So we go to 790s, undercut, rally to 840, then following week undercut 790s to 760 and rally to 800 and so on and so on.

WHy not just stay short all the way to 600?

D.Vader618 said...

ContraBear,
Nice call!!

dhw said...

I don't Ben, atilla doesn't make many mistakes.

Steve said...

Could be -- I think that completion of the double top down to 830-ish is in the cards, but I still think that we bounce to end wave 4 between 1000 and 1100. Keeping my positions small until I get a better read.

in the mountains said...

Glen said...

TZA is the new triple bear ETF small cap. Better than puts.
=====================

Thanks, Glen.

Brand new ETF, it looks like. Data goes back only to the beginning of November.

Bid/ask spread around .16, not as good as SSO, SDS, etc., but probably better than SPY puts. Plus you don't have to worry about time decay.

Volume on TZA today is 319,000.

Do you know whether they have a triple short that tracks the S&P, NASDAQ, or DOW?

Ben said...

dhw,

I agree. He's very good and I've turned many people on to this site, but I happen to be on the opposite side of this trade. It doesn't happen often, but like I said 850 will make or break my trade. In at 870, out at 850 or north of 900...simple as that.

txtornado42 said...

interesting the market rejected the the master square of 882...881.75 es...lets see if we get there again

in the mountains said...

anyone done an analysis to determine whether you're better off buying SDS or shorting SSO when you expect the market to head south?

Mr. L said...

man thats not good below 800?

Anthony said...

Long at 990 and short now?

dhw said...

Ben,

What are you seeing thats make you bullish?

Glen said...

in the mountain said:

Do you know whether they have a triple short that tracks the S&P, NASDAQ, or DOW?
_________________________

See

http://direxionshares.com/index.html

PCap said...

in the mountains said...

anyone done an analysis to determine whether you're better off buying SDS or shorting SSO when you expect the market to head south?

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

If you have balls, short SSO with only 30% down as margin

ROLLER said...

txtornado ... any links you may provide re: Gann master square?

(the only master I was able to find is about bation)

katzo7 said...

I have been short since this morning. See no good volume here today.

Trading Signs said...

Shorting SSO.

Nice call Atilla many thanks,

katzo7 said...

Boy, did that fill that gap nicely.

D.Vader618 said...

Tornado,
Any downside targets? Thanks

Jpatel6 said...

Atilla,

i've been waiting for that post. long sds, dxdd, fxp & eev.

hindawg said...

tornado42- What does Gann suggest now that price objective was met? Never studied Gann.

Thanks.

Shawn said...

Phew! Atilla call is right again.

Sold all my longs, adding EEV at $90.75 10 minutes ago.

elmo said...

long @861

katzo7 said...

Any ideas why volume is anemic?

Mike said...

long in bgu @ 36 (865 es)

marcob said...

sellers are exhausted

txtornado42 said...

864 is a level of support...these numbers are used as to observe action...882 again and penetrates and holds should move fast up

PCap said...

elmo said...

long @861

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

Hasn't been that low since below noon.

Ben said...

dhw

Price, volume, supp/resist., sentiment.

txtornado42 said...

also if you rember i posted a few days ago about the number 7...we had 7 bar consolidation on es 10 min from high 881.75...we will see

StockRake said...

Seems inverse etfs are now exhibiting the same pattern that the longs did @ 11:50am.

Wonder which one will win?

elmo said...

stop @ 864 will raise accordingly.

Beyond said...

Hey Atilla,

This is from Tim Knight's site.


anunakki said:
FWIW Atilla just went 100% short and believes we are heading to below 800.

Tim Knight said
For some reason I like Atilla more when he's bearish.

Ben said...

Seasonality. 12 of last 14 weeks before Thanksgiving were up. Gotta run... GL all.

katzo7 said...

Is Tim K. still bullish?

elmo said...

no he has no bias. currently

Aum Namah Shivaya said...

buying some energy stocks... and export oriented stocks

Mike said...

TK says he has no clue whats going on.

D.Vader618 said...

Tornado,

Thanks. QQQQ support is 27.30. If we break 28.50
that's where we're headed...imho.

Atilla M. Demiray said...

Folks, Market will likely undercut last weeks lows this week

Todays gap down was the confirmation

It also confirmed that we would have had intraday rally which I mentined last night without giving my price target

Just be carefull out there

trading is not being right or wrong, it is about making money

which ever way it goes



If I change my positions or expectations I will post an update


best of luck everybody

elmo said...

stopped out. 3 point profit. hehe

elmo said...

back in 865

coption said...

thanks for the update atilla. after took some big profit with your call. now i am flat. not convinced with the 800 call yet. no volume...

dhw said...

volatility is crazy

mliu_01 said...

Atilla,

welcome to the party.

There aren't many bears at this level. LOL

coption said...

mliu_01 said...

Atilla,

welcome to the party.

There aren't many bears at this level. LOL

------------------------
what are you talking about? I see bears everywhere.

Beyond said...

Hey Atilla,

I think Tim loves you (I'm taking these posts all out of context of course) =)


Tim Said:
Yeah, I know. I'm gently made a couple of tweaks in comments about him and his bullishness, but I respect him; and, to be honest, his bearishness factors into my thinking.
...
Yeah. For me, it's the equivalent of having smooth, shapely legs. I'm funny that way

Narayana said...

I am short to the hilt! Thanks Atilla!

Narayana said...

Looking forward to taking my vacation in Colorado in a few weeks with my trading profits!

hammer said...

max pain is spy 97....

Atilla M. Demiray said...

They are trying to gun the shorts

there is a possibility to test 876

DMA said...

Atilla

I'm glad that you have taken into consideration some of our opinions about comments.

thank you for updates.

good luck

Isaac said...

qqqq should be around $42 by year end. Short carefully here.

Narayana said...

Atilla, what would convince you that your analysis is incorrect?

Homer said...

Atilla,

We appreciate your update here. But you are involved in charting....

D.Vader618 said...

Isaac,
Please based on what???

Atilla M. Demiray said...

Homer said...

Atilla,

We appreciate your update here. But you are involved in charting....

Monday, November 17, 2008 2:19:00 PM EST
---------

Because I have nothing better to do at the moment

sonny said...

Atilla,

Even though I can't take advantage of what you have stated, I want to thank you for coming out and commenting on the situation. All the best, I hope I haven't been a nuisance.

ARAK said...

D.Vader618 said...

Isaac,
Please based on what???


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

Based on his fervent hopes and prayers.

DMA said...

Atilla

Can we post charts here if we upload them to imageshack and just give a link ?

thanks

Isaac said...

I am basing it on the last volume high from September. It has to retest that number before going lower which it will do next year.

Atilla M. Demiray said...

DMA said...

Atilla

Can we post charts here if we upload them to imageshack and just give a link ?

thanks

Monday, November 17, 2008 2:22:00 PM EST

-----------

Absolutely

Homer said...

Homer said...

Atilla,

We appreciate your update here. But you are involved in charting....

Monday, November 17, 2008 2:19:00 PM EST
---------

Because I have nothing better to do at the moment

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

LOL. Thanks!

katzo7 said...

Atilla,
I for one really appreciate you keeping in contact with us.
Thanks.

PCap said...

hammer said...

max pain is spy 97....
--------------------------

Backtest the max pain and closing prices on option expiry on a stock like say AMZN

D.Vader618 said...

Isaac, Thank You.

Isaac said...

First level of resistance will be around $33.5, once it breaks that barrier, watch out, qqqq will probably go up a $1 or 2 a day until the end of the year. Has to break that huge resistance on the chart though. Might come this week with experation.

Narayana said...

It looks like they are going to try to gun the longs... could test 853.

coption said...

strange action. seems like the market is waiting for something.

PCap said...

Blogger Isaac said...

I am basing it on the last volume high from September. It has to retest that number before going lower which it will do next year.

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

We've had a crash since then

Atilla M. Demiray said...

Narayana said...

It looks like they are going to try to gun the longs... could test 853.

Monday, November 17, 2008 2:26:00 PM EST

----------

Yes their turn. They gunned the shorts by running the sucker from 861 to 874

We should test 850 before 3:30

Beyond said...

Issac,

I respect your opinion but from the traders and fund managers I'ven been speaking with and their tone, doesn't seem like they are very interesting in buying at tihs point until we head substantially lower. I could be wrong, but that seemed to be their tone.

D.Vader618 said...

If we break 28.49 on the QQQQ next target is 27.33.
Which is about 35 S&P points.

xvidivx said...

I don't think now we should trade anything, except U are a day trader

Atilla M. Demiray said...

BTW, I think DUG will test 47 this week again while SPX makes lower low...

This also fits in the picture I gave in my analysis....

Remember commodities should stay stronger relative to S&P so that ratio drops

Joe said...

In EW terms, 3 of 3 of 5 of C in play? If so, 780, here we come....

xvidivx said...

Oil price could be rise tomorrow, So long or short are both gamble

Rhett said...

My sense is retail investors are at max fear, and are individually pulling out. They are terrified by endless dark slanted news reports.

This is not an acute crash bottom, its a dribble fight.

Maybe this down move that Atilla speaks of will happen, but I think big players are assuming the retail investors positions
-Rhett
It will be an odd new phenomena also if every move up has a cascade of stop losses under it , so that instead of an orderly move down, you get a micro collapse.

in the mountains said...

xvidivx said...

Oil price could be rise tomorrow, So long or short are both gamble
=========================

What makes you believe this?

Narayana said...

hahaha you gotta love the market.

Narayana said...

Atilla, is .5pts incremental drop enough to gun the longs?

mliu_01 said...

coption:

I saw so many bears turnned into bulls in the past week. LOL

If you know what I mean.

xvidivx said...

I should regret for no short BIDU, Because I have heard the bad news about baidu in early two days, I Think Baidu will be replaced by some competitor.

Sam said...

Atilla, DUG does not follow oil price. It follows XOM, COP, CVX and these names are holding up Dow.

Today is also opex on $wtic.

Russell said...

Here is a great way to set up your market internals on TOS, cept add two more for tick and tickq.

http://www.shadowtrader.net/videos/bonusvid100406.html

you can clearly see on tick and tickq that today is distribution.

Atilla M. Demiray said...

I know that DUG dont directly follow crude oil but it is correlated

Meaning if crude gets stronger, XOM will sell off less, DUG rallies less

Isaac said...

Atillas playing Zentrader again. Like he did on TT. Great call Atilla. We going under 800. HARG.
:-`

Joe said...

Move up from 862.5 looks impulsive. If I were a MM, i can use this to set up a major short squeeze above 900's....

dhw said...

seems to be too much resistance at 870

Homer said...

Just wanted to say thanks to Anthony here...
I used the DMA and RSI2/3 with ES 30 minutes chart and it reached 880 at about 1pm today and the DMA sloped away. I didn't have the ball to short the ES, just shorted SSO.

xvidivx said...

I would like to recommend a good extension of firefox that can auto refresh and check for change. easy to use and very stable.

It's check4change.

I think someone need it to track Atilla trade.

Atilla M. Demiray said...

We should test 850 by 3:30

coption said...

still a tug of war, no acceration yet

Aalwayslearning said...

Atilla what time frame made you change your position to short

Thanks
M.

Atilla M. Demiray said...

Aalwayslearning said...

Atilla what time frame made you change your position to short

Thanks
M.

Monday, November 17, 2008 2:52:00 PM EST
------------

Weekly charts

Kristjan the bretty boy said...

Sorry Atilla
Im may be an idiot but i think we wil go up!

Trading Signs said...

listening to house music on max vol.

Kristjan the bretty boy said...
This comment has been removed by the author.
Livermost said...

Looks like the markets are full of suckers again. Won't go up or down..

Isaac said...

Thanks for the headsup atilla. Bought a bunch more at 865. 890 at the close :-`

sonny said...

Atilla,

I know it is not your MO anymore to respond to personal questions (so do not respond to this or anything I ask you if you can't) although if I can't day-trade, is it too late to hedge my parents' portfolio with an inverse ETF, or would it actually be preferable to see if 850 will be able to hold? As always, thank you in advance, sorry if I'm being nuisance, but really, your help is extraordinary.

katzo7 said...

As I have said in the past, a market that starts out weak usually finishes the day setting new lows. Maybe today will be same as I have been short from beginning of day. My indicators are pointing down!

dhw said...

Here comes the dump

PCap said...

Atilla M. Demiray said...

Aalwayslearning said...

Atilla what time frame made you change your position to short

Thanks
M.

Monday, November 17, 2008 2:52:00 PM EST
------------

Weekly charts

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

Good question, and thanks for the answer

katzo7 said...

How come people try and tell Atilla what to do?

LearningWizard said...

dude, are you trying to ban Atilla from his own blog? lol

Trading Signs said...

katzo7 said...

How come people try and tell Atilla what to do?
=====================================

LMFAO

hhahahahhahahahahhaha

Anthony said...

Blogger Homer said...

Just wanted to say thanks to Anthony here...
I used the DMA and RSI2/3 with ES 30 minutes chart and it reached 880 at about 1pm today and the DMA sloped away. I didn't have the ball to short the ES, just shorted SSO.



My pleasure sir. Its the best setup Ive found that works on all timeframes.. It makes me feel really good inside to know that Im helping out.

Atilla M. Demiray said...

sonny said...

Atilla,

I know it is not your MO anymore to respond to personal questions (so do not respond to this or anything I ask you if you can't) although if I can't day-trade, is it too late to hedge my parents' portfolio with an inverse ETF, or would it actually be preferable to see if 850 will be able to hold? As always, thank you in advance, sorry if I'm being nuisance, but really, your help is extraordinary.

Monday, November 17, 2008 2:58:00 PM EST

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

Sonny,
As you know I am a position/swing trader. This means 3-4 days to 3-4 months

I may cover in a few days and go long. You need an advisor with a long term viewpoint. Honestly I do not want to take any responsibility by saying do this do that to anyone here

Please understand me, because having involved personal matters affected my performance lately

PCap said...

Anthony said...

My pleasure sir. Its the best setup Ive found that works on all timeframes.. It makes me feel really good inside to know that Im helping out.

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

I'd love you to explain your setup in detail, perhaps you could set up your own blog and share your system?

Trading Signs said...

Atilla,

Don't worry we have chickens here who get scared if they see 5 candles in red when they are long.

Ignore them - for others the purpose of this blog is to educate us. not to spoon feed us. Let's try to understand what Atilla's TA and call our own bets.

Aalwayslearning said...

PCap said...

Atilla M. Demiray said...

Aalwayslearning said...

Atilla what time frame made you change your position to short

Thanks
M.

Monday, November 17, 2008 2:52:00 PM EST
------------

Weekly charts

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

Good question, and thanks for the answer

Unfortunately only the question is good but no qualification to understand why, but I am trying...

Thank you Atilla

Beyond said...

For fun I'm watching the triangle on the one minute formed from yesterday's close area and today's low. We're probably going to break the bottom of it because Katzo7 is on our side. Ahh, feels good to finally be short, I'm going to go celebrate by wearing some shorts.

Atilla M. Demiray said...

A big move is coming folks, put your diapers on

dhw said...

why doesn't this market crash already

sonny said...

Atilla M. Demiray said...

Sonny,
As you know I am a position/swing trader. This means 3-4 days to 3-4 months

I may cover in a few days and go long. You need an advisor with a long term viewpoint. Honestly I do not want to take any responsibility by saying do this do that to anyone here

Please understand me, because having involved personal matters affected my performance lately

Monday, November 17, 2008 3:04:00 PM EST

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

Atilla,

I truly completely understand. Regrettably, all those financial advisers actually kept advising my parents to buy since the 1200-1300s, but I want to thank you for answering. Sorry to bother you if I have been doing so. I hope that you still consider me as a friend or a good person, in any case. I will wish you nothing but the best. :-)

buylo said...

test

Jpatel6 said...

dhw said...
why doesn't this market crash already

......................

my thoughts exactly

PCap said...

Aalwayslearning said...


Unfortunately only the question is good but no qualification to understand why, but I am trying...

Thank you Atilla

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

Draw a line from Sept 26 candle's top on the weekly to the next candle's top, and it runs through the last two weeks candles very nicely, then today we are red and being pushed down/under on that line.

Lawrence Chiu said...

We don't want to tell Atilla what to do on his own blog, just our concern for his well-being because he said involvement with chat cause him to lose focus.

Anyway, I hope he got his mojo back.

Salvador said...

diapers ? why would we need diapers if we're in the right side of the trade ? At least i hope we are

katzo7 said...

We are in no man's land, here, do nothing. No freaking volume on these moves.

PCap said...

sonny said...

Regrettably, all those financial advisers actually kept advising my parents to buy since the 1200-1300s, but I want to thank you for answering.

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

I think we will soon have people that will not be able to retire using their shotguns to take out their personal financial advisers. They are the biggest scammers out there. They take a cut of your savings, and offer nothing of value.

Beyond said...

Triangle broken on the upside, let's see if this will break up and head in the opposite direction

Joe said...

Atilla, a fakeout move before the real one is possible? Complete coiled spring

xvidivx said...

in the mountains said...

xvidivx said...

Oil price could be rise tomorrow, So long or short are both gamble
=========================

What makes you believe this?
--------------------------
Now Oil is below 55, and It should bounce like wave

Jack said...

test

ROLLER said...

it's gonna be a headfake!

a real quicky to DJIA 8,540, then down we go.

LearningWizard said...

Does the numerous 50 cents 1 minute candles on SPY mean anything significant?

Jpatel6 said...

hopefully you mean the market is going to take a shit...its going to need some very large diapers.

dhw said...

what was it that atilla said, a triangle always fakes one way before going to real direction.

Anthony said...

Shorting when quity price is a few percentage points below DMA and TSF isnt prudent imo.. Risk not worth reward. Good luck

JohnJohnson said...

Anthony said:


My pleasure sir. Its the best setup Ive found that works on all timeframes.. It makes me feel really good inside to know that Im helping out.

Anthony,

Would you mind sharing your setup? Looked for the specfics in the the blog, but could not find it.

Salvador said...

Lawrence Chiu said...

hey lawrence regarding the chart i said before in the other post...

here you have

http://caldeiraodebolsa.jornaldenegocios.pt/download.php?id=69900

Beyond said...

learning wizard,

just noise, but still fun to watch how the big boys work their magic on the crowd.

Isaac said...

Thanks Atilla,

I should buy more here but I put all my money in at 865. I think its going to 1000 by end of week. Coolio

AJ said...

FARK THIS GUY GREENIE IS THE MAN

GO GREENSCAM GO

HIS BLOG MUCHO BETTERO

http://greenscam.blogspot.com/

dhw said...

Here is comes..

Homer said...

Anthony said...

Shorting when quity price is a few percentage points below DMA and TSF isnt prudent imo.. Risk not worth reward. Good luck

--------------------------------
You are looking at the daily chart. Right?

coption said...

tradingod said...

-------------------
where is the moderater? shut this troll up!

Jpatel6 said...

brilliant once again...its like you have the book from back to the future..i'm jealous

dhw said...

Huh? No he didn't..

katzo7 said...

dhw, who just posted that?
Have to watch out for him.

in the mountains said...

can we get rid of the tradingod guy?

He said Atilla covered, but there's no post like that.

What is with you tradingod?

Anthony said...

Blogger Homer said...

Anthony said...

Shorting when quity price is a few percentage points below DMA and TSF isnt prudent imo.. Risk not worth reward. Good luck

--------------------------------
You are looking at the daily chart. Right?


Yes..On one year chart

dhw said...

I guess if we don't hit 850 by the close, we gap down to that level tomorrow?

D.Vader618 said...

jpatel,
With all due respect the market at 3:30 is 867, not
850.

Homer said...

That guy(tradingod) behaved strange from weekend...

buylo said...

the people who are frickin around and posting inaccurate info or lies should be banned

Atilla M. Demiray said...

in the mountains said...

can we get rid of the tradingod guy?

He said Atilla covered, but there's no post like that.

What is with you tradingod?

Monday, November 17, 2008 3:28:00 PM EST
-------------

Unfortunately blogger dont let us ban specific users
just ignore them

Homer said...

Blogger Anthony said...

Yes..On one year chart

-------------------------------
Thanks again.

coption said...

unbelievable, they just let the priceless time skipping like this?

txtornado42 said...

levels the other way...852, 823, 795, 767

Aalwayslearning said...

PCap said...

Draw a line from Sept 26 candle's top on the weekly to the next candle's top, and it runs through the last two weeks candles very nicely, then today we are red and being pushed down/under on that line.

Thank you PCap
I remember when Atilla in October said that we are in a trading range and all the rest where looking at triangles, etc.
It was a brave and 100% correct forecast. But today he predicts that we are going down out of this range and in the opex week with max pain around 970. Unf-xx-ng believable. If he will be right again the whales will be really angry .

Atilla M. Demiray said...

If we can close near 850, we should gap down like 20-30 points tomorrow

Narayana said...

that's what I thought hehe

dhw said...

What? didn't we just break down?

Glen said...

pcap said:

I think we will soon have people that will not be able to retire using their shotguns to take out their personal financial advisers. They are the biggest scammers out there. They take a cut of your savings, and offer nothing of value.

===========================

pcap,

Try this website, it give signals for a very small fee for the next day's trading. They're up 60% so far this year with very little risk. Don't futz around with 'financial advisors' they will decimate your family's money.
http://www.stocmarket.com/commentp.htm

Jack said...

Followed long at 980 and been DCA'ing all the way down to 820.

Can't see taking a 100+ point draw down just to sell for a loss and then get burned twice by going short.

This puppy is nearing the bottom; SP500 won't go much lower than 800 (doubt we'll even see that level).

Hope Ati's wrong cause I'm staying long & strong...

aymon said...

attila is at his best when people fade him. he needs a challenge...

ARAK said...

Atilla,

when you meant 50% YM and 50% ES .. did you mean 100% of intended capital or 50% of each of ES and YM?

Trader Joe said...

yen caught a bid while oil continued weakness... if it keeps up will keep driving stocks lower

ROLLER said...

no head fake, now we see your true colours, Mrs. Market!

Atilla M. Demiray said...

Folks, someone opened a blogger account with my name and posting wrong information all over the place.

I disabled the comments. They will show with a delay

I am sorry but I have to do this.

It is illegal to use someone's name and spread wrong information.

Impersonating is a felony. If this continues, I will try to take legal action

Lawrence Chiu said...

So sad that some sick people will do that.

coption said...

oh, atilla, sad to hear that. they really want to distract you...

langbart said...

atilla said :

A big move is coming folks, put your diapers on

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

I think you're waiting for a hard downwards push undercutting 850.........but is it possible in your short term view that tomorrow and wednesday we go up above the 14th of nov highs and then sell off hardly ? At least this is what I think.

PCap said...

Glen said...

pcap,

Try this website, it give signals for a very small fee for the next day's trading. They're up 60% so far this year with very little risk. Don't futz around with 'financial advisors' they will decimate your family's money.
http://www.stocmarket.com/commentp.htm

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

I'll give it a look. My family has been in Tbills and Government guaranteed CDs since the summer of 2007.

Ko Ko said...

To the Atil and the crowd. So does it mean anything if we were to close even after the bears tried to crush it EOD on strong volume?

Salvador said...

ack said...

Followed long at 980 and been DCA'ing all the way down to 820.

Can't see taking a 100+ point draw down just to sell for a loss and then get burned twice by going short.

This puppy is nearing the bottom; SP500 won't go much lower than 800 (doubt we'll even see that level).

Hope Ati's wrong cause I'm staying long & strong...

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

dude if you had payed a bit attention you would've seen he only had that trade until 912 and still got out around 930's if i recall correctly... which was around his average...

after that atilla already profited from the rally from the 815's...

Salvador said...

by the way...

verification word OURTUFF ... Our Turf indeed boys !

Salvador said...

Congrats Atilla... your target is spot on !! 850... amazing...

Expectations is we gap down tomorrow ?

Best,

Sal

Steve said...

That is so wrong, there are sick people out there...
Other than that, another brilliant call, Atilla!

Atilla M. Demiray said...

We will gap down huge tomorrow

Gap will not fill probably

Alan B said...

WOW Atilla nailed it at 850!

not trading this market just observing for now.

great call Atilla

Joe said...

Amazing call Atilla. Gap or limit down tomorrow fits 3 of 3 of 5 of C in EW terms. Run to the bomb shelter.

dhw said...

Never fade atilla..

LearningWizard said...

Congrats and thanks Atilla!

Radium said...

great trading Atilla!!! quielty observing from the shadows

radium

Jpatel6 said...

atilla,

many thanks to you...made a grip of cash on some inverste ETFs.

On another note, i think for the blogs sake and to keep it clean and not annoying to you...i think a subscription fee is the best way to keep away the trolls and have an environment where everyone helps everyone. it doesn't have to be a large fee but i'm sure the trolls will find other places to post..

my gains today would pay for the subscription for years :-)

coption said...

great call. stupid me didn't play

dougs charts said...

new poll and only a few hours to vote.
thanks
POLL

jay said...

Another fantastic call Atilla!
EOD - 850!
I made money on the way up; then flipped to be short at 1:06 pm.
Thank you for your coaching!

elmo said...

we could help pay for the site and stuff... clothes for the baby? who knows. $1 a person on paypal. Something symbolic maybe?
Great call

JReality said...

2nd lowest SPX close of Bear Market. Let's hope tomorrow is the lowest close!

sonny said...

coption said...

great call. stupid me didn't play
Monday, November 17, 2008 4:02:00 PM EST

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

Agreed, I should have too. Congrats Atilla!

Fabian said...

thanks for the great call Atilla

Salvador said...

If I knew any web page design i wouldn't mind doing the site myself... but probably Atilla wants something more ellaborated...

Joomla software provides a good webpage with lots of plugins that add functionality to the site...

stuff like register, banning, newsletters...and so on...

Lana said...

We are going to pick up our Sante Fe now. Thank you Atilla. You have made it easier to spend that money.

Wooohoo. But I'm still in gld

Atilla M. Demiray said...

Tomorrow is the real breakdown day all the bears were waiting for weeks.

The gap shouldnt fill completely and volume should pick up

Sam said...

Atilla, in theory have you seen a day like today where futures determined today's move Friday night. I mean ES did nada and NQ flat since Friday close. All action in cash.

SSurfer8 said...

Another great call - THANKS.

So sorry for you freaking troll problems.

buylo said...

Atilla, just wondering why you covered your ES n YM shorts, if you are expecting such a big breakdown Tues and selling eod today was accelerating?

Jooon_Yer said...

Interesting calls today.

I'd jumped in with a small long position end of Friday after mkt closed and it fell more, I got a fill. Today I exited that position for a minor gain. Then I went short (not same time as Atilla's go in point as I'd missed that ... but I waited to get the entry I wanted and got in short with a 1.5x in size position that I'd gone long with previously. Working out great so far.

Thanks Atilla (real one - not the fake douche who turned up and entered into the comments sold)

Anthony -- to 2nd PCAP's request -- if you could post any details on your method would be much appreciated.

Atilla M. Demiray said...

Sam said...

Atilla, in theory have you seen a day like today where futures determined today's move Friday night. I mean ES did nada and NQ flat since Friday close. All action in cash.

Monday, November 17, 2008 4:15:00 PM EST
--------------

Because breakdown will be powerful

We are entering in a terminal move in my opinion.

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