Ok guys its either a 2 or a 3.
We will know fairly soon.
I am short the spx cash market 1531 right now, stop in at 1542.
No big risk, will see.
anyone short???
Started by
Tor
, Sep 19 2007 09:33 AM
6 replies to this topic
#1
Posted 19 September 2007 - 09:33 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Posted 19 September 2007 - 09:38 AM
short too, since yesterday's close unfortunately. Stop at your level too
#3
Posted 19 September 2007 - 09:40 AM
Right there with you! After yesterdays scorch I am still steaming, but this was the best trade for the day.
Once folks really evaluate what has just transpired they will be holding the bag. These levels are a gift.
Best,
RS
#4
Posted 19 September 2007 - 10:00 AM
seems to obvious, so maybe we just go to 1.540-1.550 first and then down for a cycle low friday/monday
i am sure that 1.500 will be defended well on a pullback
#5
Posted 19 September 2007 - 10:10 AM
DOW less then 200 points from ATH, S&P around 15 points.
You don't think we'll take out the new highs here ? Double top ?
So many money managers caught on the wrong side or underinvested, and now market is almost back at the highs, they will have to chase it.
#6
Posted 19 September 2007 - 10:22 AM
even the monkeys are screaming double top
so i think da boyz will let them believe it for 3-4 per cent and then kill them
#7
Posted 19 September 2007 - 10:56 AM
I am still short but will likely cover on today's gap-fill and then reevaluate. I was fortunate enough to have a good chunk of Chinese stocks to weather my shorts since August.