closed ES NQ and YM longs @ 1335, 1812 and 12350

for 10, 120 and 30 points profit respectively... I closed all positions because i think we will get better entry in coming days Nasdaq was the only position that returned an intermediate term size profit, however ES and YM disappointed... I think ES and YM will be under pressure due to banks and brokers and energy I am still short OIH and crude oil

Edited by A-ha, 14 April 2008 - 12:22 PM.

Just out of curiosity, was this a technically-derived decision or something you may have learned about fundamentals-wise?... it seems sudden. Come on A-ha, give it up... you know something, don't you? Seriously though, maybe you could show us on a chart what changed your mind... appreciate it. Volume really sucks here, doesn't it?

Edited by SemiBizz, 14 April 2008 - 12:54 PM.

You made too much fun of the bears. Welcome to the culture of failure. Failure rules. You gotta sell/short any and every glimps of hope or market rally. Denleo

You made too much fun of the bears. Welcome to the culture of failure. Failure rules. You gotta sell/short any and every glimps of hope or market rally.

Denleo

What was his failure, Denleo? As far as I could see, he made money on each of his positions.

thanks for the candid posting...i know myself and the board appreciates the prices that you post!

You made too much fun of the bears. Welcome to the culture of failure. Failure rules. You gotta sell/short any and every glimps of hope or market rally.

Denleo

What was his failure, Denleo? As far as I could see, he made money on each of his positions.

It is not A'ha's failure. He made money. We are failing on a much bigger scale. The country is paralyzed by fear.

Denleo

You made too much fun of the bears. Welcome to the culture of failure. Failure rules. You gotta sell/short any and every glimps of hope or market rally.

Denleo

What was his failure, Denleo? As far as I could see, he made money on each of his positions.

It is not A'ha's failure. He made money. We are failing on a much bigger scale. The country is paralyzed by fear.

Denleo

den,

i think you mentioned you were buying weakness early this week for a trade...

are we weak enough yet?

Your trade surprised me. But I think you made the right move. If the market was gonna go, it should gone that last time...in my opinion. Either way, you made money in what turned out to be a difficult trade. IT

You made too much fun of the bears. Welcome to the culture of failure. Failure rules. You gotta sell/short any and every glimps of hope or market rally.

Denleo

What was his failure, Denleo? As far as I could see, he made money on each of his positions.

It is not A'ha's failure. He made money. We are failing on a much bigger scale. The country is paralyzed by fear.

Denleo

But isn't that bullish? Right now you have last month's short interest at a record high on the NYSE and NASD. $50 billion of equities were dumped in the first quarter, the highest level since Q3 of 2002. A record $532 million-worth of short ETF's were bought last week. 59% of all hedge funds expect the S&P to decline this month. Bond funds posted a gigantic inflow of $900 PER DAY last week. $132 billion went into retail MMF's in Q1 vs $178 billion for all 2007. Isn't all that fear very bullish???

Edited by TradingUp, 14 April 2008 - 02:19 PM.

It is not A'ha's failure. He made money. We are failing on a much bigger scale. The country is paralyzed by fear.

Denleo

And it's not just the country, it's the world:

http://www.marketwat...n...&siteid=rss

France's Lagarde says markets don't understand G7 communique

By Greg Robb
Last update: 2:50 p.m. EDT April 14, 2008Print RSS Disable Live Quotes

WASHINGTON (MarketWatch) -- French Finance Minister Christine Lagarde said the foreign exchange market doesn't fully understand the magnitude of the language shift on currencies in the latest G7 communique. "I'm not surprised it will take a few more hours" for the meaning of the language to sink in, Lagarde said in an interview on Bloomberg TV. "For the first time since 2000, we are collectively expressing concern. We all together believe the level of volatility and the discrepancy between where a currency lies relative to the fundamentals of the economy are just not right at the moment," she said. When asked if the G7 would be concerned if the dollar even moved slowly lower versus the euro, Lagarde replied: "yes." "If you ask me [whether] I expect monetary involvement from by the feds [sic], the answer is I don't know," she said.