Think this sort of destruction will take time to repair at the best, much worse at the worst. Looking to stay short here for now.
I personally dont see Europe getting resolved anytime soon.
More downside
Started by
fluid
, Aug 05 2011 01:13 PM
4 replies to this topic
#2
dasein
-
- Traders-Talk User
- 7,696 posts
Member
Posted 05 August 2011 - 01:40 PM
think you are conceptually right but I think they will test the 1217 1220 R again, and maybe more.
FED has to answer ECB before the next downdraft, IMO.
best,
klh
klh
#3
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 05 August 2011 - 01:41 PM
The downside looks exhausted, but RUT < NDX < SPX is not bullish either, we had the highest volume this week, it may retest the lows on Monday, but it will take a crash to exceed today's volume. Any further (significant) downside should come after a decent bounce next week...
#4
MarketAlly
-
- Traders-Talk User
- 407 posts
Member
Posted 05 August 2011 - 02:20 PM
The downside looks exhausted, but RUT < NDX < SPX is not bullish either, we had the highest volume this week, it may retest the lows on Monday, but it will take a crash to exceed today's volume. Any further (significant) downside should come after a decent bounce next week...
I want 1178-1175 to hold - then it looks good imo.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#5
einscodek
-
- Traders-Talk User
- 382 posts
Member
Posted 05 August 2011 - 02:23 PM
Bought in at 1194
Edited by einscodek, 05 August 2011 - 02:23 PM.
