Friday, February 19, 2010

Just went short

Full position. No stops yet but mental of course above 1118 SPX

9 comments:

  1. not good enough lol ... all the way back up. have not taken any profits yet but stops inches away at break even.

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  2. will just let it stop again ... so 1118 next target.

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  3. considering we have huge odds for another sunday night run up - no sense in keeping them here with such a high chance to get a better entry.

    It will keep on going until it doesnt - will this sunday be different? not sure, but looking at the odds - sure in the bulls favor and a gap above 1118 will get us back to 1130. So the risk for being short here is just too much (probably what everyone else is thinking with the buying/covering into the close)

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  4. one day I will learn how to make money lol - have a good weekend all and see you sunday night.

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  5. i kept my short. thinking i could get out sun eve, if it goeds wrong way. just a gut feeling , we test 1195-85 on monday.

    everyone is now certain of 1115. which may happen but from 1195 taht will be impressive bull mania will continue

    i expect panic sell next week 1050 or more fwiw

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  6. sam, to be honest, I am thinking the same thing, too many are expecting the sunday night ramp up jobs.

    However, I am a broken bear, most of my trades this year have not worked very well so I am staying small and low risk. I'll try to post some more charts tomorrow - both bullish and bearish.

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  7. SPX cash 15 or 27 is the projection of all bear blogs. Obviously bulls are eating it up too. We could begin leg C on Monday

    think at least globex should scare bulls and confuse bears. maybe repeat of Friday play.

    Or a reverse of Friday play?

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