tag:blogger.com,1999:blog-34323687.post6747588401813338764..comments2024-03-28T00:23:22.838+00:00Comments on Macro Man: Time to "hang" up the tactical bull suit?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-67291990869338286542008-02-05T02:18:00.000+00:002008-02-05T02:18:00.000+00:00No, it IS a shooting star (hammer and inverted ham...No, it IS a shooting star (hammer and inverted hammer at lows, hanging man and shooting stars at highs).<BR/><BR/>See this:<BR/><BR/>http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31505344104647194102008-02-01T10:55:00.000+00:002008-02-01T10:55:00.000+00:00More and more people are piling into the idea that...More and more people are piling into the idea that its just a matter of time until ECB cut rates. I personally actually dont think they will cut rates. <BR/><BR/>It will be fun too see how they play this one.<BR/><BR/>VAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-39098046839334657462008-01-31T21:01:00.000+00:002008-01-31T21:01:00.000+00:00...C's old saw is: "What you make in two you can l......C's old saw is: "What you make in two you can lose in one!"<BR/><BR/>Of course today was the last day of the calendar month and there are no of players who will do their window-dressingly-best to avoid becoming the next John Henry or, as the case may be, Goldman Sachs Global Alpha[less] Fund. At least for the Jan 2008 month end."Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46272225998783067292008-01-31T19:52:00.000+00:002008-01-31T19:52:00.000+00:00Quite remarkable, isn't it? A cheeky 3% intraday ...Quite remarkable, isn't it? A cheeky 3% intraday range today...and implieds <I>fall</I>. Long gamma is the ambrosia of the gods....and short gamma, either literal or by disposition, is, as you note, a one way ticket to oblivion.<BR/><BR/>'Twill be quite interesting to see how performance numbers come out. As a counter to the horror stories that are pinging around, I recently heard about a chap who made his entire year's return target....in <I><B>two</I></B> days!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-75363866943963035392008-01-31T19:25:00.000+00:002008-01-31T19:25:00.000+00:00Squeezed indeed! 41-43 at present! There are just ...Squeezed indeed! 41-43 at present! There are just monstrous intra-day ranges on so many of the Liquidity-sensitive names. It has the comical feel of massive and repeated whip-sawing. How many times can specs survive buying the top and selling the bottom of 10% ranges before they make a career change to the WMT check-out counter?"Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12698328855204761512008-01-31T15:16:00.000+00:002008-01-31T15:16:00.000+00:00Hi,that is not a shooting star either, it is an in...Hi,<BR/><BR/>that is not a shooting star either, it is an inverted hammer. The bottom line is, the candle " aint bullish".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7412334706643472432008-01-31T15:07:00.000+00:002008-01-31T15:07:00.000+00:00Well, that was my intention ("Macro Man will also ...Well, that was my intention ("Macro Man will also look to sell out his March 1375's at 40"); sadly, the SPX has tanked since I wrote that and now the suckers are only 32 bid. In the grand scheme of things I can afford to be a little greedy as I still do have a bearish portfolio tilt, so I'll hang on at 40 to see if there's a squeeze later in the day.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49975624119488131162008-01-31T13:51:00.000+00:002008-01-31T13:51:00.000+00:00Surprised you didn't close your SPX calls based on...Surprised you didn't close your SPX calls based on the formation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91519014203244161072008-01-31T12:42:00.000+00:002008-01-31T12:42:00.000+00:00Who knew? All these years I've been calling that ...Who knew? All these years I've been calling that formation the wrong thing. Either way, it ain't bullish...Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36463090460051830162008-01-31T12:29:00.000+00:002008-01-31T12:29:00.000+00:00I think you might mean shooting star, hanging man ...I think you might mean shooting star, hanging man is a hammer at the top.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46460996259360365412008-01-31T11:08:00.000+00:002008-01-31T11:08:00.000+00:00Good catch, that's fixed to "easing" now.Good catch, that's fixed to "easing" now.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70769653447296223692008-01-31T11:05:00.000+00:002008-01-31T11:05:00.000+00:00"further downside risk to growth would appear to o..."further downside risk to growth would appear to open the door to further tightening."<BR/><BR/>- is what you typed what you meant?Anonymousnoreply@blogger.com