4 replies to this topic

[hiker]

flipped long to short 72.80 to 90's...may be a daytrade.

Edited by hiker, 23 May 2007 - 12:05 PM.

[Cirrus]

Agree we are seeing the type of action in a final move.... I'm seeing shorts blown out. EVERTHING trading on takeout rumors. Now we have rates rising which IMO is a sign that liquidity is finally easing--which agrees with some of the data I follow and the XAU weakness. I don't know where it ends but I think there could easily be a correction around the corner. Actually it seems like 'smart' people of done some selling and are waiting to buy the 'dip'. I think we get a typical 5 to 6% correction, a little rally and then....the real correction hits.

[hiker]

I am not even thinking about market direction....since I am hedged now. just trading like wild. some great opps present daily. Amzn need to take out 72.40 or so or I bail on short.

Edited by hiker, 23 May 2007 - 12:22 PM.

[hiker]

like what I am seeing now with this AMZN short..will it take out 71.40 to 71.80 zone?

[hiker]

70.85 to 70.95 just now took off the short until after 70.75 or lower is seen...the easy money is made in this trade for the moment only need $ for another

Edited by hiker, 23 May 2007 - 01:20 PM.