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going short 1481 cash


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#1 Tor

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Posted 31 July 2007 - 11:10 AM

My target is 1380, yes 100 points lower!! Maybe we have seen a cycle low, OR maybve we have not. Due to the delicate nature of the market, I am putting a stop in 10 point above. Good trading to all those strangers out there.
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#2 Drano

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Posted 31 July 2007 - 11:16 AM

Thanks for the info, Tor. And I'm definitely stranger. Ooops. I forgot the no joke rule. :lol:

#3 Frac_Man

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Posted 31 July 2007 - 11:49 AM

Just curious, how did you arrive at a target of 1380 ?

thanks

Hank










My target is 1380, yes 100 points lower!!

Maybe we have seen a cycle low, OR maybve we have not.

Due to the delicate nature of the market, I am putting a stop in 10 point above.

Good trading to all those strangers out there.



#4 gorydog

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Posted 31 July 2007 - 12:27 PM

Short IWM at 792, mainly b/c high trin Gd

#5 relax

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Posted 31 July 2007 - 01:19 PM

hi hank i guess could be fib 1.618 of the move down from 1.555 to 1.452 or was it just 1.453 (not sure about the exact level for the bottom) cheers