If we close up today, It will be time to cover shorts. If we close down today, we will go to at least 1050 most likely. Should be interesting.
We are at the crossroads right here.
Started by
stocktrender
, Jul 14 2010 09:54 AM
12 replies to this topic
#2
porsche911sg
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Posted 14 July 2010 - 10:03 AM
They could just spike it up today to get everyone to cover before it goes down.If we close up today, It will be time to cover shorts. If we close down today, we will go to at least 1050 most likely. Should be interesting.
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!
#3
stocktrender
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Posted 14 July 2010 - 10:05 AM
That is very true. We shall see. what happens.They could just spike it up today to get everyone to cover before it goes down.If we close up today, It will be time to cover shorts. If we close down today, we will go to at least 1050 most likely. Should be interesting.
#4
mogreen
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Posted 14 July 2010 - 10:40 AM
I'm fully short here and lookin for a 50% correction to this rally. Will only cover above 1123.
#5
porsche911sg
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Posted 14 July 2010 - 11:07 AM
Mo, I am hoping for a bit of surge on friday at the 200ma Highest chance to make money. Any gap up from monday is to be shorted.. next week the real retracement should begin.I'm fully short here and lookin for a 50% correction to this rally. Will only cover above 1123.
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!
#6
mogreen
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Posted 14 July 2010 - 12:43 PM
Porsche..i could be wrong but I liked the down up down today so far...SPx hit 1099 again and I'm short. You are overplayin it here. Its not a bull/bear game its you against yourself. And it seems to me that you're overtinkin it. I don't believe you are here to make money but to churn your account with some winners and losers. Try being a professional in this business instead of gambling....Sorry about being so harsh...just tryin to be helpfull so you don't BLOW-OUT.
#7
mogreen
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Posted 14 July 2010 - 12:50 PM
Ya know Porsche..We just had an 8% straight up move and you are still lookin for more up to short....The game is here at 1096-1094 area Not 1120. Hey anything is possible but for me (and I watch every tick) its a very mature move.
#8
stocktrender
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Posted 14 July 2010 - 12:57 PM
Looks like the litte fake up moves today did not work. It was a scheme of the market to get shorts to cover. hope you guys hung on. I think we should close at the lows today and go down the rest of the week. Looking for 1050 or lower by Friday.Porsche..i could be wrong but I liked the down up down today so far...SPx hit 1099 again and I'm short. You are overplayin it here. Its not a bull/bear game its you against yourself. And it seems to me that you're overtinkin it. I don't believe you are here to make money but to churn your account with some winners and losers. Try being a professional in this business instead of gambling....Sorry about being so harsh...just tryin to be helpfull so you don't BLOW-OUT.
#9
andiron
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Posted 14 July 2010 - 12:58 PM
porsche, mo may be right...you know very well that you have to build position if you think that market will sell off..there is no way you can toptick...
#10
dasein
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Posted 14 July 2010 - 02:36 PM
bonds could be getting legs here, but the eurusd looks like it could squirt to 1/30 to use DCs term. it is all possible a opex. think it is time to be simple and look for a trendline break and follow it (down?).
interesting little news item -
http://www.reuters.c...20100709?rpc=44
interesting little news item -
http://www.reuters.c...20100709?rpc=44
best,
klh
klh
