bounce time?
long 1067
Started by
dcengr
, Jul 16 2010 12:08 PM
5 replies to this topic
#1
dcengr
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Posted 16 July 2010 - 12:08 PM
Qui custodiet ipsos custodes?
#2
Bangtime
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Posted 16 July 2010 - 12:31 PM
bounce time?
I'm looking for 1065 C. Would get me long SSO ~ 34.45. ~ 38% retr.
#3
qqqqtrdr
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Posted 16 July 2010 - 01:23 PM
Short term we were overbought.... We could get a bounce at anytime, but appears to be only an intraday bounce... I'm in it for the long haul down. Once we get oversold on a short term basis, I will lighten up.. We had negative divergence on McClellan over the last couple of days. The move down will likely last around 3 days at least. We could get 3 waves up since the bottom, which means we are finishing wave 2, but I'm currently don't think it will happen...
Barry
#4
dcengr
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Posted 16 July 2010 - 01:47 PM
its only 2 contracts, no biggie.. i had a lot more short on the way down.
Qui custodiet ipsos custodes?
#5
dcengr
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Posted 16 July 2010 - 02:53 PM
ofcourse I was stopped... may try again, but it maybe a sell-off into the close with 3 days of fear and what not.
Qui custodiet ipsos custodes?
#6
porsche911sg
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Posted 17 July 2010 - 12:51 PM
I hope you took the short at 1094 when it was done much later again... that big money... at least 20 point-30 points profit.its only 2 contracts, no biggie.. i had a lot more short on the way down.
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!
