but a short right here with a stop at 1690.00 might be a decent play considering it's late May.
JDJ
Not a picker of tops
Started by
jdjimenez
, May 22 2013 10:13 AM
12 replies to this topic
#2
PrintFaster
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Posted 22 May 2013 - 10:17 AM
Good luck with that.
I wouldn't even attempt to short when the biggest of the "Too Big To Fail" derivatives colossus is soaring to new highs after re-coronating Jamie Dimon as the monarch and king.
Heh, that $6 billion loss on the "Whale Trade" has already been long forgotten.
Jim Willie must be kicking himself for not buying JPM at $30 last summer.
[attachment=20903:jpm0522.png]
#3
10Shekel
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Posted 22 May 2013 - 10:25 AM
But those who did buy, I guarantee are thinking this is an opportunity to take a profit....
#4
zoropb
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Posted 22 May 2013 - 10:41 AM
JD You got better odds at taking the swing at the low 90's back to 1665+- After that? for now.but a short right here with a stop at 1690.00 might be a decent play considering it's late May.
JDJ
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#5
fib_1618
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Posted 22 May 2013 - 10:58 AM
Still too much money moving in...patience.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#6
CLK
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Posted 22 May 2013 - 11:10 AM
Sometimes trading means buy and hold.
#7
PrintFaster
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Posted 22 May 2013 - 11:22 AM
Looks like the "New Normal" is strong dollar = declining commodity prices = soaring retail stocks.
[attachment=20905:xly0522.png]
#8
fib_1618
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Posted 22 May 2013 - 11:26 AM
Only when the strength of a trend is strong...and of an intermediate term basis.Sometimes trading means buy and hold.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#9
jdjimenez
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Posted 22 May 2013 - 11:39 AM
Well I played the 50% bounce and picked up some ES contracts at 1678.25 and see they are already profitable so will set a s/l at 1677.75 and can't do anything worse than make a little. Back to shoeing horses.
JDJ
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#10
fib_1618
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Posted 22 May 2013 - 12:47 PM
So far, so good on the call.Well I played the 50% bounce and picked up some ES contracts at 1678.25 and see they are already profitable so will set a s/l at 1677.75 and can't do anything worse than make a little.
Many outside range days now at 13:47, and selling picked up after lunch.
Suggestion...hit and run on the trade and take the money and run (around the track in triumph!
)Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
