average short level around 1548 or there abouts.
I dont want to risk much, so stops in 1555.
short a little more :)
Started by
Tor
, Oct 16 2007 12:16 PM
3 replies to this topic
#1
Tor
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Posted 16 October 2007 - 12:16 PM
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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- 12,118 posts
independent trader
Posted 16 October 2007 - 12:30 PM
you holding this position overnight if not stopped out?
target is?
#3
Tor
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Posted 16 October 2007 - 12:35 PM
you holding this position overnight if not stopped out?
target is?
Not sure target but I would be very pleased if the index ever got to around 1510. I dont know, just dont want to risk much and yes will hold overnight. Its a price stop, rather than time at the moment.
you holding this position overnight if not stopped out?
target is?
Not sure target but I would be very pleased if the index ever got to around 1510. I dont know, just dont want to risk much and yes will hold overnight. Its a price stop, rather than time at the moment.
it can really go either way here. Tricky point.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
hiker
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independent trader
Posted 16 October 2007 - 12:36 PM
1523.83 SPX cash is .38 retrace of 1439 to 1576 advance....a move below 1523 is not likely, in my opinion.
a better bet is to trade long near 1533 using 10 points risk...or from today's low like Youmast did.
long is a more probable bet in my opinion than short...sure, the uncertainty is GOOG, IBM, YHOO earnings etc.
note that USO was turned back so far at weekly R. the natural gas producers making new highs today...most have also started a reverse.
USO chart -
http://www.traders-t...?...;blogid=26
a better bet is to trade long near 1533 using 10 points risk...or from today's low like Youmast did.
long is a more probable bet in my opinion than short...sure, the uncertainty is GOOG, IBM, YHOO earnings etc.
note that USO was turned back so far at weekly R. the natural gas producers making new highs today...most have also started a reverse.
USO chart -
http://www.traders-t...?...;blogid=26
Edited by hiker, 16 October 2007 - 12:39 PM.
