I think we are close to a top, even though it looks like a runaway market.
MACD can't go much further without turning down, if we don't get at least 200
Dow points out of it, I probably will cover.
I'm not covering
Started by
CLK
, Mar 05 2010 06:14 AM
3 replies to this topic
#2
punter
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Posted 05 March 2010 - 06:20 AM
I think we are close to a top, even though it looks like a runaway market.
MACD can't go much further without turning down, if we don't get at least 200
Dow points out of it, I probably will cover.
I am betting it will be a run away market. Sitting tight on my longs. Stop will probably be yet another reversal today.
Keep Calm and be Long
My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!
#3
rkd80
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Posted 05 March 2010 - 08:29 AM
I think we are close to a top, even though it looks like a runaway market.
MACD can't go much further without turning down, if we don't get at least 200
Dow points out of it, I probably will cover.
I am betting it will be a run away market. Sitting tight on my longs. Stop will probably be yet another reversal today.
I dont quite see any reason for why the market sells off here, but 90% of all my indicators are showing TOP. However these same indicators can remain in this state for a few days...this is not a place to be long, but heavy shorting can hurt.
“be right and sit tight”
#4
porsche911sg
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Posted 05 March 2010 - 11:54 AM
We should you cover ust leave if your short from sp average close to 1120 no reason to be worried.I think we are close to a top, even though it looks like a runaway market.
MACD can't go much further without turning down, if we don't get at least 200
Dow points out of it, I probably will cover.
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!
