Back Long again
#1
Posted 01 November 2007 - 01:45 PM
#2
Posted 01 November 2007 - 01:52 PM
Edited by kisacik, 01 November 2007 - 01:54 PM.
#3
Posted 01 November 2007 - 01:52 PM
100% long with ETFs near SPX 1520 area. Taking a risk of about 1.5%. Stop - daily close below SPX 1505. This is a swing position, not a VST trading position.
Will buy leveraged longs once the 30-min turns up. We are not there yet.
#4
Posted 01 November 2007 - 01:53 PM
(securities lending)
#5
Posted 01 November 2007 - 01:53 PM
http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p46143158212&a=89308538&r=712.png
#6
Posted 01 November 2007 - 01:59 PM
Edited by NAV, 01 November 2007 - 02:01 PM.
#7
Posted 01 November 2007 - 02:02 PM
Edited by ogm, 01 November 2007 - 02:03 PM.
#8
Posted 01 November 2007 - 02:14 PM
Edited by beta, 01 November 2007 - 02:14 PM.
#9
Posted 01 November 2007 - 02:15 PM
I think there is absolutely no reason for the market to go up. Earnings estimates coming down, economy is questionable. Sentiment iffy.
Finanacials imploded after the rate cut. Next rate cut isn't for a while, unless all hells break loose.
What is there for the market to look forward to ? Why would anyone rush in to buy stocks right now ?
But thats all meaningless stuff of course. However momentum did turn down and internals are horrible.
Yes OGM, in 15 days the world turned upside down.
This is an incredibly strong market
I am not mocking at you. But just stating, things always look good at the tops and bad at the bottoms. My IT pivot is at 1480. Above that, i will try to buy every selloff with reasonable stops.
#10
Posted 01 November 2007 - 02:15 PM