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gap down buy


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#1 S.I.M.O.N.

S.I.M.O.N.

    SIMONForecast

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Posted 17 January 2007 - 06:34 PM

if current prices persist in the AM, a gap down buy will be generated, but i won't be taking the trade, as risk/reward at this point is too low. I will cover es short at any gap down open and wait for a retest rally to go short again. Dow 12640/ spx 1436 still possible into opex.
*previously known as pnfwave

#2 eminimee

eminimee

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Posted 17 January 2007 - 09:19 PM

Agreed...but I may play the long side...still thinking 1344/48 could get hit but I won't be leaving the trade unattended if I go long. Still half short from 42 this afternoon. Have a buy order in to cover short at 34.50

Edited by Teaparty, 17 January 2007 - 09:20 PM.