shorted this morning...c'mon, its OK. Who wouldn't after another 1 day wonder? I am looking to buy dips.
stand up if you...
Started by
tommyt
, Oct 29 2008 09:51 AM
7 replies to this topic
#2
SilentOne
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Posted 29 October 2008 - 09:57 AM
tommyt,
If you were to look for a short, why wouldn't you wait for the FED decision first before doing it? $SPX 960 - 985 is still doable, so is not worth the wait?
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
Data
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Posted 29 October 2008 - 10:00 AM
Pierced the descending triangle momentarily at 945.
#4
milbank
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Posted 29 October 2008 - 10:29 AM
I was then, I wasn't, now I am but, probably not for long. 
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#5
LarryT
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Posted 29 October 2008 - 10:39 AM
tommyt,
If you were to look for a short, why wouldn't you wait for the FED decision first before doing it? $SPX 960 - 985 is still doable, so is not worth the wait?
cheers,
john
For a second there I thought you were doing a political add..stand up and fight, fight for your right to short this market..... we don't have to wait for the FOMC, stand up and fight, we make history...
#6
tommyt
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Posted 29 October 2008 - 10:43 AM
If you were to look for a short, why wouldn't you wait for the FED decision first before doing it? $SPX 960 - 985 is still doable, so is not worth the wait?
dunno, cause every 1 day wonder fails, and has presented a golden opportunity to get in. We should trade up to 1050ish, the upper end of the potential current range...not necessarily today/tomorrow.
Edited by tommyt, 29 October 2008 - 10:44 AM.
#7
eminimee
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I don't care who's fur is flying...
Posted 29 October 2008 - 10:57 AM
a bullish thought
http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=5&i=p90874233552&a=110676262&r=448.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=5&i=p90874233552&a=110676262&r=448.png
#8
SilentOne
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Posted 29 October 2008 - 11:56 AM
tommyt,
If there is one thing that I have learned in my occasional daytrading the last few years, is to be flat as possible on daytrades until the FED decision at 2:15 on FED day. Swing positions taken earlier are fine to hold, but ST intraday stuff is a lottery and I don't play. I'd much rather see how the market behaves into and just after the FED decision before making a move. And sometimes it is better to pick your spot the following day. Let's see where we are at 2:15. And then an hour after that. And Teaparty is right on. That is one hell of an impulse from yesterday's lows. Could be a "C" to finish a bear rally, or the start of something bigger on the upside.
cheers,
john
dunno, cause every 1 day wonder fails, and has presented a golden opportunity to get in. We should trade up to 1050ish, the upper end of the potential current range...not necessarily today/tomorrow.
If there is one thing that I have learned in my occasional daytrading the last few years, is to be flat as possible on daytrades until the FED decision at 2:15 on FED day. Swing positions taken earlier are fine to hold, but ST intraday stuff is a lottery and I don't play. I'd much rather see how the market behaves into and just after the FED decision before making a move. And sometimes it is better to pick your spot the following day. Let's see where we are at 2:15. And then an hour after that. And Teaparty is right on. That is one hell of an impulse from yesterday's lows. Could be a "C" to finish a bear rally, or the start of something bigger on the upside.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
