Bing, csw2002, Google, Yahoo, jacek, jacksterr, rjo, Gumper, Charvo, gannman, TradeMark, Joey, Harapa, cp1, senorBS, redfoliage2, dharma, twobits06, alanc
Listen to Mark S. Young's Interview on MarketView
tell me last 1/2 hour going to be massive volume to close at highs of day
next week the barnburner break continues
to Dow 21,500
you've been warned
36 Views · 1 Replies ( Last reply by gameover )
Bulls toy VIX was malfunctioning today, first time in quite a while. The Feb VIX future was pushed down by half a point but ES still dropping.
110 Views · 2 Replies ( Last reply by redfoliage2 )
I shorted the 9:30 bar at 2268 for both our models. They very nearly stopped us out for our 5/10 model. In fact, it really felt like they were trying to shake the bears loose today. The swings felt like they were intentionally nervous-making. I could feel the urge to over-snug my stops or just bail.
But I've been at this long enough to know that the easy course is usually the wrong one, especially when the original case for the position was still valid. I held off snugging my stops until we traded well below the 50-hour. We're now short with a 226500 stop. I have no idea if we're going to hit our targets or not. I'm not particularly Bearish and thus far the lower BB is holding, but given the overshoots we've seen over the past couple days, I think I need to stay on plan.
225800 is the target.