I will spend all day tomorrow buying spooz. There will be some volatility after the FED and hopefully a sell off. I shorted S&P before the close in anticipation of some choppy trade, but tomorrow is buying time. All the way from the open to the close. Small caps are ready to break out. I would be more concerned if they were lagging. Breadth is great. I see no changes whatsoever.
Denleo
Buying opportunity tomorrow
Started by
denleo
, Jan 30 2007 04:26 PM
8 replies to this topic
#2
hiker
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independent trader
Posted 30 January 2007 - 04:31 PM
at least someone here has the sense to trade with price instead of hype they know the future!
#3
NAV
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Posted 30 January 2007 - 04:57 PM
I will spend all day tomorrow buying spooz. There will be some volatility after the FED and hopefully a sell off. I shorted S&P before the close in anticipation of some choppy trade, but tomorrow is buying time. All the way from the open to the close. Small caps are ready to break out. I would be more concerned if they were lagging. Breadth is great. I see no changes whatsoever.
Denleo
I agree with all you say. But, what would you do in the event they gap up and run ?
#4
denleo
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Posted 30 January 2007 - 05:37 PM
Chances are small that they will gap up and run on the FED day. I will be scaling in anyhow.
Denleo
#5
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Posted 30 January 2007 - 06:08 PM
I don't recall the month. But recently, on one of the Fed days, they gapped up like 5 points and came back filled the gap into fed meeting and rocketed higher after the Fed decision. Hope it's not one of those. I need to get back in as well 
#6
CLK
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Posted 30 January 2007 - 07:40 PM
There is a possibility the market could go flat right here
for 3-4 days, slightly lower as well.
#7
Frac_Man
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Hank Wernicki M.A.
Posted 30 January 2007 - 10:42 PM
I agree .... still time left for the longs
Hank
Hank
I will spend all day tomorrow buying spooz. There will be some volatility after the FED and hopefully a sell off. I shorted S&P before the close in anticipation of some choppy trade, but tomorrow is buying time. All the way from the open to the close. Small caps are ready to break out. I would be more concerned if they were lagging. Breadth is great. I see no changes whatsoever.
Denleo
#8
pdx5
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I want return OF my money more than return ON my money
Posted 31 January 2007 - 12:50 AM
I will sell all my remaining longs by Feb 15 or 1450, whichever comes first.
I just don't like this trendless market for IT, since I am not a ST trader.
p.s. The market will rocket upwards the day after I sell all longs 
Edited by pdx5, 31 January 2007 - 12:51 AM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#9
arbman
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Quant
Posted 31 January 2007 - 01:08 AM
I don't recall the month. But recently, on one of the Fed days, they gapped up like 5 points and came back filled the gap into fed meeting and rocketed higher after the Fed decision. Hope it's not one of those. I need to get back in as well
I think it was June 29th 2006 at the mid point of the IT lows.
- kisa
Edited by kisacik, 31 January 2007 - 01:17 AM.
