Will stop if it breaks take a small lost and run. If the carnage continues it could burn down all the way.
5 to 10 points and I am out will re evaluate again.
Went long got filled at 1110.
Started by
porsche911sg
, Jan 21 2010 07:42 PM
10 replies to this topic
#1
porsche911sg
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Posted 21 January 2010 - 07:42 PM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
goldswinger
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Posted 21 January 2010 - 07:55 PM
Will stop if it breaks take a small lost and run. If the carnage continues it could burn down all the way.
5 to 10 points and I am out will re evaluate again.
10 -12 points max on the bounce Tomorrow , then a dive to new lows, but then a bigger bounce should happen. (Probably Monday with the Sunday night pump).
GS.
#3
porsche911sg
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Posted 21 January 2010 - 07:59 PM
Gs, exactly what I am think i'll sell off the bounce. lucky I did not go long yesterday. Held my shorts almost all the way down.Will stop if it breaks take a small lost and run. If the carnage continues it could burn down all the way.
5 to 10 points and I am out will re evaluate again.
10 -12 points max on the bounce Tomorrow , then a dive to new lows, but then a bigger bounce should happen. (Probably Monday with the Sunday night pump).
GS.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
andiron
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Posted 21 January 2010 - 08:22 PM
this could go down to 1100 ES as day's low tomorrow and that may be a ST buying opportunity..but i would risk small money on the long rt now...
#5
arbman
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Posted 21 January 2010 - 09:08 PM
I am thinking SPX 1103-1128 trade makes more sense than 1116-1131... At least from risk/reward perspective...
#6
CallMeIshmael
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Posted 21 January 2010 - 10:08 PM
1096I am thinking SPX 1103-1128 trade makes more sense than 1116-1131... At least from risk/reward perspective...
#7
arbman
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Posted 21 January 2010 - 10:10 PM
1096
Dropping below 1100 for tomorrow is kind of VERY low odds though, although I can see why you think so... The third standard deviation from 20 dma is at 1098... A very good risk/reward to play the bounce...
#8
porsche911sg
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Posted 22 January 2010 - 12:25 AM
sold my longs at 1112.25 too tired to think. i need some sleep.1096
Dropping below 1100 for tomorrow is kind of VERY low odds though, although I can see why you think so... The third standard deviation from 20 dma is at 1098... A very good risk/reward to play the bounce...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#9
arbman
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Posted 22 January 2010 - 12:49 AM
Nice... Holding them ahead of the GE reporting at the open tomorrow would be crazy anyway...
Edited by arbman, 22 January 2010 - 12:50 AM.
#10
cycletimer
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Posted 22 January 2010 - 10:41 AM
Nice... Holding them ahead of the GE reporting at the open tomorrow would be crazy anyway...
I am flat... covered one day too early, darn! Anyway, will re-load on shortside but NOT before Monday..... hoping for 1125-1130 bounce top area to re-short....though that is optimistic.
