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Old Jan 2nd, 2009, 10:56 AM   #31
Decel
 
 
Join Date: Dec 2006
Posts: 697
I soooo want to short right now, but markets are irrational. I think I'll load up on some SDS if this keeps up.
 
Old Jan 2nd, 2009, 11:05 AM   #32
Lawrence Chan
 
 
Join Date: Sep 2001
Location: Toronto, Canada
Posts: 5,728
All short term long side targets reached.

Not the normal ADU for sure as we are making new high into 11:00.
 
Old Jan 2nd, 2009, 11:06 AM   #33
Decel
 
 
Join Date: Dec 2006
Posts: 697
Short 913.25...
 
Old Jan 2nd, 2009, 11:07 AM   #34
ammo
 
 
Join Date: Feb 2007
Location: chicago
Posts: 20,730
with ya decel,sh 913,add 12
 
Old Jan 2nd, 2009, 11:18 AM   #35
temporary
 
 
Join Date: Jul 2008
Posts: 8
hm... would rather wait and watch than short. shorting strong trend days is a recipe for disaster, been there done that.

DAX is up 3 percent china ended up 4.4 percent higher
 
Old Jan 2nd, 2009, 11:26 AM   #36
Zodiac4u
 
 
Join Date: Feb 2006
Location: New Jersey
Posts: 339
Quote:
Quote from temporary:

hm... would rather wait and watch than short. shorting strong trend days is a recipe for disaster, been there done that.

DAX is up 3 percent china ended up 4.4 percent higher
There is nothing wrong with shorting strong trending markets as long as you are shorting the extreme levels and you are using tight stops.
 
 
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