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nkhoi
Moderator

Registered: Aug 1999
Posts: 8803

09-13-12 08:49 PM

Quote from neke:

You've just got to hate days like this - short individual names according to rules, and then the market does BOOOM!

that sounds ominous!

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Free Thinker

Registered: Nov 1999
Posts: 14316

09-13-12 08:53 PM

Quote from neke:

You've just got to hate days like this - short individual names according to rules, and then the market does BOOOM!

rules? i cant think of any of my rules that would talk me into shorting ahead of a fed meeting in a bull market. at best its a gamble that he would disappoint the market. bernanke has never intentionally disappointed the market.

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gmst

Registered: Jul 2011
Posts: 3696

09-13-12 09:00 PM

Quote from Free Thinker:

rules? i cant think of any of my rules that would talk me into shorting ahead of a fed meeting in a bull market. at best its a gamble that he would disappoint the market. bernanke has never intentionally disappointed the market.

+1

There is no sense in taking strategy or planned trades on a FOMC day, especially when QE expectations are running high. Neke - should have avoided taking positions today or at least should have closed the positions before 1230.

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luisHK

Registered: Sep 2010
Posts: 1006

09-13-12 10:32 PM

Well, MWW managed to lose abt 3% after the fed announcement...

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badvestor

Registered: Nov 2011
Posts: 253

09-13-12 11:02 PM

Quote from southall:

Nice neke.. six up weeks in a row! not far now from being +ve for the year!!

everything follows a natural law. The price on chart hit resistance. Reduce size and get very choosy with positions. Grind it out slowly to break above.

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neke

Registered: Nov 2006
Posts: 1008

09-14-12 02:57 AM

Quote from badvestor:

everything follows a natural law. The price on chart hit resistance. Reduce size and get very choosy with positions. Grind it out slowly to break above.

Geez, TA "magic" level being presented. So -20000 is resistance (from week 18)? Went above that last week, don't you count that a break-out? What about -30K, -42K: Aren't those "resistances" as well?

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