Jump to content



Photo

Market only going up


  • Please log in to reply
4 replies to this topic

#1 Tor

Tor

    Member

  • Traders-Talk User
  • 7,647 posts

Posted 15 May 2007 - 11:17 AM

i shorted, and closed for a loss. i shorted again and lost a bit more. China sells off 4%. This market is up now. This market is NOT going down, it is impossible for it to go down. Of course i sound sarcastic etc, but believe me this is how it feels!!!! No more shorts from me for now!! Not until it goes below 1495 at a minimum.
Observer

The future is 90% present and 10% vision.

#2 Mtrader

Mtrader

    Member

  • Traders-Talk User
  • 1,221 posts

Posted 15 May 2007 - 11:19 AM

There is no resistance on the DOW. New high draws a lot of new crows. I would not step in front of this train until 13750. I will see how it react to that number first before shorting it.
You are on your own. This is for demonstration only.
JV

#3 thespookyone

thespookyone

    Member

  • Traders-Talk User
  • 6,043 posts

Posted 15 May 2007 - 12:54 PM

We trade till 4:00. So far, I see nothing to change my short position on the Q's. And, if I was a bull-I'd duck.

#4 Mr Dev

Mr Dev

    Member

  • Traders-Talk User
  • 11,528 posts

Posted 15 May 2007 - 02:35 PM

Looks like my shorts on an index should be paying +3.5% in 2 days !

Hmm I guess traders can make money on the short side!
;)

Edited by Mr Dev, 15 May 2007 - 02:36 PM.


.. .. ..
Mr Dev

......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!

#5 thespookyone

thespookyone

    Member

  • Traders-Talk User
  • 6,043 posts

Posted 15 May 2007 - 06:26 PM

Traded till 4:00. as I said earlier, when the bulls were mooing loudly, and it worked out just fine. The Q's could, and DID drop, rather precipitously, I might add,GROWL.