Edited by Tor, 16 October 2007 - 11:25 AM.
short final lot
Started by
Tor
, Oct 16 2007 11:25 AM
2 replies to this topic
#1
Tor
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Posted 16 October 2007 - 11:25 AM
it is really fine balance here.
So, I short final lot. Stop is now, at this time of the day brought down to the 1555 level. just dont want to risk much here. cash quote of course.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
hiker
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- TT Member*
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independent trader
Posted 16 October 2007 - 11:53 AM
don't know your trade timeframe, but it looks like intraday action is returning to a bullish bias....the a.m. highs can easily be surpassed by close.
one easy marker since tech stocks are reporting this week...do not be short while Q's reside above 52.89...no. is good for today only
bears have real trouble on their hands if QQQQ moves above the 5day sma.
Edited by hiker, 16 October 2007 - 11:56 AM.
#3
eminimee
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I don't care who's fur is flying...
Posted 16 October 2007 - 01:47 PM
I'd have to agree....you could do ok if 1536 spx holds the downside....but that number HAS to break...I'll short es if 1544 breaks for more than a quick undercut. I'm flat and waiting. Holding those numbers and a leg to new highs is possible.. but you have your stops so I won't spew.....just wondering why you are heavying up here.
