12 replies to this topic

[BigBadBear]

Rk,

remember I am a bear. I always said what i expected he futures to reach tonight. the 300pts gain is just speculative dribble on my part. I sold at my target. The bulls took it up 300pts on the discount rate cut last week..dont think they can do it again now that I think about it..thats why my stop is 100pts above my entry.

I expect the rally to fizzle out then really get into gear on the downside

IC,You are right, he is in sync, but it all feels weird.  This board is meant to be used to share ideas, etc, not to say things like "i reversed, but i wont say why" after spending literally a day counting down to the speech and harping on and on about the dow being up 300 points.  This is just laughable, in sync or not.  -rkd

[nicolasillo]

So are you in the UK or Australia? In case you are in Australia, do you have a buddy called Paul? And you have recently visited the UK? Just curious..

Just banked the profits $39,976. Now short[using $5000 of the profit]..TrendSignal please dont ask me to explain why.

My stops are 100pts above the high in the DOW futures[info for the boyz..lol]

I will be adding to shorts on the way down.

This is a swing short by the way.


PS. I trade using spread trades[spreadbetting] lovely system in Australia and UK very similar to futures so the markets trade for me 24hrs/day even when they are closed elsewhere[info for Teaparty]

[risktaker]

Wow, amazing call! Maybe I should start watching Larry Kudlow.