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Market going up some more


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#1 Tor

Tor

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Posted 22 May 2007 - 05:23 AM

Thank you Ben!! Market not ready to go down. I keep going in and putting a stop in place, even quite close but it doesnt get hit, so I make more profits!!! Famous last words of course, but if it works.............keep doing it until it doesn't I say!! Maybe China will fall soon, maybe it wont, will see. Another long taken 1525 in the cash, stops on all positions 1515 (cash), thats a ten point risk here. Good trading. ST :redbull: MT :bear: :redbull: LT :redbull:
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#2 OEXCHAOS

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    Mark S. Young

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Posted 22 May 2007 - 06:18 AM

I dunno, you've been doing what a good trader does. You're pressing your advantage, especially when the sentiment is showing most others afraid to join you. One trade you'll be wrong. So what? THAT's the price of admission. I say, good trading. Mark

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#3 Tor

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Posted 22 May 2007 - 08:24 AM

I dunno, you've been doing what a good trader does. You're pressing your advantage, especially when the sentiment is showing most others afraid to join you.

One trade you'll be wrong. So what? THAT's the price of admission.

I say, good trading.

Mark


Thanks - always stay humble, but bears are delluded shorting this based on trins, namo, momo, rsi, IMO. Will be watching closely for a reversal today, until then :redbull:
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#4 OEXCHAOS

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    Mark S. Young

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Posted 22 May 2007 - 08:35 AM

I wouldn't say deluded, just taking more risk than you. ;) Mega-Bears, however, are sure fighting an up hill battle. M

Mark S Young
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#5 thespookyone

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Posted 22 May 2007 - 10:42 AM

I dunno, you've been doing what a good trader does. You're pressing your advantage, especially when the sentiment is showing most others afraid to join you.

One trade you'll be wrong. So what? THAT's the price of admission.

I say, good trading.

Mark


Thanks - always stay humble, but bears are delluded shorting this based on trins, namo, momo, rsi, IMO. Will be watching closely for a reversal today, until then :redbull:


TA is a dellusion that has paid off quite well for me the past 25 years-I think I'll sick with it.