Monday, March 16, 2009

Looking Thru Many Other Blogs

it seems like literally everyone got short today. LITERALLY every blogger seems to be short. Also, popular bloggers seem to be flooded with comments from lesser experienced traders getting into short exposure. Not sure I like this situation from a bearish aspect. Bulls might surprise this week. Amazing developments and very exciting.

12 comments:

anarco said...

You lost me here Stewie. How is it relevant to the future market action that "less experienced traders" are also short?

Stewie said...

i use this as somewhat of a contrarian indicator. i would never trade based on this but very interesting how most blogs and blog readers are positioned short going into tmrw. how many times has the majority won in trading? not for too long and that will be very interesting to me.

little2rich4u said...

I made nearly $13,000 today relying only on my experience, skill and know-how. Jealous?

Stewie said...

never lilr. keep it up. i knew you'd be back big.

Market Monk said...

I agree that when the majority of the market participates start leaning heavily to one side, the market is less likely to accommodate them.

Market Monk said...

So what is in store for tomorrow?

Stewie said...

it's tough to say right now but i don't think the bears will get what they are expecting. not quite yet anyway.

Anonymous said...

Stewie,

Nice trade on FAZ.

I would feel a little angst too if I were to hold FAZ overnight. As I mentioned before on Wallstreak, the "Mark-to-Market" issue will have a huge impact on the Financial...either way.

ZZtop

Stewie said...

hi zz. thnx bro. that's why when i trade the inverse etfs and especially holding overnight, i always use smaller positions. I am actually mildly bullish going into the rest of the week. i think the bulls have a real chance to surprise their strength

thespaw said...

Stewie-
It just became too easy to make money short... but you know that this thing is going D-O-W-N.
Unless, of course the government interferes with the normal process, as they might do.
Chart after chart set up with V moves... bound to fail and retrace back down. Patience will pay.
We might have to wait until after expiration.

Stewie said...

i agree SPAW i think the market will revist lows BUT i don't think it'll happen as easily of as soon as many think.

Cliffynator said...

Hasn't been updated in a month, but still interesting info on the long term:

http://tinyurl.com/d5m2ma

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