The past 2 day with short term oversold conditions and Mondays ramp record
Who would hold short going into monday? After
Started by
etftrader
, Jan 22 2010 02:55 PM
15 replies to this topic
#2
tommyt
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Posted 22 January 2010 - 03:00 PM
The past 2 day with short term oversold conditions and Mondays ramp record
it looks like "who wants to be long" going into the weekend.
#3
melonseed
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Posted 22 January 2010 - 03:00 PM
For futures I would. Not for cash.
Trade safe.
#4
etftrader
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Posted 22 January 2010 - 03:03 PM
Wow, ?Good luck with that guys..
For futures I would. Not for cash.
#5
melonseed
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Posted 22 January 2010 - 03:08 PM
Wow, ?Good luck with that guys..
For futures I would. Not for cash.
To think of it, nothing scary at all. Like I said only for futures. I believe a major concern is perhaps a possible Gap up which happens only on cash market and not futures.
Trade safe.
#6
dasein
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Posted 22 January 2010 - 03:13 PM
or maybe another gap down - i dont see anything really constructive yet.
best,
klh
klh
#7
melonseed
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Posted 22 January 2010 - 03:16 PM
Well I think the question itself raises some thoughts. Given such sentiments, would there be a major short covering towards the end of the day. That's how I see this topic.
Trade safe.
#8
etftrader
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Posted 22 January 2010 - 03:25 PM
Exactly my thoughts
Well I think the question itself raises some thoughts. Given such sentiments, would there be a major short covering towards the end of the day. That's how I see this topic.
#9
dasein
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Posted 22 January 2010 - 03:37 PM
should be more than the usual short covering seen at eow eod after a trend day - i now see a little bit of constructive evidence in a 1090 support level, over 1200 tick etc, but options and momentum dont look likethey are going to guarantee anything more than 5 or ten points - and a lot can happen over the weekend....
best,
klh
klh
#10
goldswinger
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Posted 22 January 2010 - 03:37 PM
Exactly my thoughts
Well I think the question itself raises some thoughts. Given such sentiments, would there be a major short covering towards the end of the day. That's how I see this topic.
The idea was to catch everybody looking to new highs in this bull.............. Monday could be a waterfall kind of day, where everybody is hoping for the pump to work. The exits are going to be very narrow in the theater. The stampede is starting Today......
Gold has a date with 1030 at least, still a bit away fom here...
GS.
Edited by goldswinger, 22 January 2010 - 03:39 PM.
