Will see, but if I am right, we still havent seen the lows. The bounce isnt enough in my view.
I am shorting the CFD's which mirror the cash market, not the future. SPX 985, I put a stop in at around 1050, quite wide. Hopefully it wont be touched.
If the stop is invoked then I would lose about $10,000.
Slope of hope
Started by
Tor
, Oct 21 2008 07:42 AM
3 replies to this topic
#1
Tor
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Posted 21 October 2008 - 07:42 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
IndexTrader
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Posted 21 October 2008 - 08:16 AM
How are you able to short the SPX at 985 when it's clearly going to have a large gap down?
IT
#3
Tor
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Posted 21 October 2008 - 09:02 AM
I dont know. I did it in the cash markets. the company I use is cmc. They run spreadbets and cfd's.How are you able to short the SPX at 985 when it's clearly going to have a large gap down?
IT
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
IndexTrader
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Posted 21 October 2008 - 09:22 AM
Interesting. You could have sold the cash, and bought the futures against it in the pre-market, locking in around 20 points. I'm very surprised they would do something like that.
IT
