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.
gap down buy
Started by
S.I.M.O.N.
, Jan 17 2007 06:34 PM
1 reply to this topic
#1
Posted 17 January 2007 - 06:34 PM
*previously known as pnfwave
#2
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.