5 replies to this topic

[Mr Dev]

Well in this business there is nothing wrong with getting paid and taking the rest of the day off... One could actually take profits here or maybe even tomorrow Morning in my opinion. For those swing traders who like more swing, could hold through a bounce off support and then see if it later fails. Remember, I said that the bigger Rydex money has moved back to the sidelines and is ready and waiting to support the market at lower prices. Good luck and trade well

Edited by Mr Dev, 26 March 2007 - 09:22 AM.

[securelstmile]

Always appreciate your thought Mr. Dev. Thanks!!

[Chilidawgz]

Mr Dev, I sold my shorts just now, will wait in cash and take the day off and see what they want to do for end of month.

[jmicou]

Mr Dev, Thinking that we may have a fairly wide trading range for a quite a while. Testing or exceeding the lows and testing or exceeding the highs until a trend unfolds. Still more of crash-type and to-the-moon calls in the offing. More likely a trend to the upside, but in the future. In short, currently a trader's market. What do you think? regards, jmicou

[peregrine]

Covered Inverse Russell @ 10:45 for a 1.32% gain since Fri close based on my deeply oversold ST indicator. Looking to re-initiate shorts however, as I'm looking for a test of the late Feb. lows based on my interpretation of NYMO. Off to the gym for now...though.

[Mr Dev]

Well in this business there is nothing wrong with getting paid and taking the rest of the day off...

One could actually take profits here or maybe even tomorrow Morning in my opinion.

For those swing traders who like more swing, could hold through a bounce off support and then see if

it later fails. Remember, I said that the bigger Rydex money has moved back to the sidelines and is

ready and waiting to support the market at lower prices.

Good luck and trade well

Market support timely provided just after bad news....hmm how convenient!

You all have a nice day!