Shorts?
Started by
eminimee
, Apr 25 2007 02:16 PM
9 replies to this topic
#1
eminimee
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I don't care who's fur is flying...
Posted 25 April 2007 - 02:16 PM
#2
GOOSE2
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Posted 25 April 2007 - 02:21 PM
Heck, we might never have another down day this year at this rate. I'm selling the last of my swing trade at the close. I only have 20% (20 contracts) left. I'd like to thank Airedale for his work. I would have never held them this long. But, this has to come back in a little soon. Then again maybe not.
#3
redfoliage2
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Posted 25 April 2007 - 02:24 PM
I threw in the towl and covered all my shorts on ES earlier today with some loss of course. 
Edited by redfoliage2, 25 April 2007 - 02:25 PM.
#4
greenie
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Posted 25 April 2007 - 02:35 PM
I threw in the towl and covered all my shorts on ES earlier today with some loss of course.
Me 2. Love the squeezie now
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#5
fib_1618
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Posted 25 April 2007 - 02:39 PM
Timely Phraseology.I threw in the towel
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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#6
redfoliage2
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Posted 25 April 2007 - 02:59 PM
And I'll stop using TA for a while but go with the herd, which is too powerful over any TA.I threw in the towl and covered all my shorts on ES earlier today with some loss of course.
Edited by redfoliage2, 25 April 2007 - 03:00 PM.
#7
fib_1618
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Posted 25 April 2007 - 03:06 PM
Another timely statement of capitulation.And I'll stop using TA for a while but go with the herd, which is too powerful over any TA.
TA works very well Red, you just have to understand how it works and under what conditions.
Don't give up, that's what the market wants you to do.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#8
denleo
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Posted 25 April 2007 - 03:17 PM
Great points Fib.
By the way, a pull back is in order. What do you think? 20 -- 30 S&P points? I would welcome it.
Thanks
Denleo
#9
fib_1618
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Posted 25 April 2007 - 03:31 PM
Yes, it is...for over a week now.By the way, a pull back is in order.
As of yesterday, the internals of the SPX suggest that new all time highs will be made on this current pattern sequence...probably by mid May.What do you think? 20 -- 30 S&P points?
The market is just too strong right now for any price decay of substance.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#10
denleo
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Posted 25 April 2007 - 04:05 PM
I agree. All time highs on SPX are coming soon. The reason I said a pull back is in order here is because of VIX being up today. There is no way I am going to play this pull back, but it would be nice to get one to add to longs. Having said that, momentum will probably win over overbought conditions.
Denleo
