sttrader
Registered: Dec 2007
Posts: 316 |
09-14-09 07:10 PM
Quote from marketsurfer:
holding this 3 entry short. underwater here, but still fully expecting a meltdown of epic proportions soon....
stay tuned, surf
Time will tell. Sure risk to reward ratio is better on the short side after this run we're having but to call a meltdown....where would your stop be? Above 1050...we could really pop. If you look at charts, we have a pretty thin area up above.
I am also short biased but am playing both sides on a daily basis although more inclined to the short side. Today, longs at open in my opinion.
I'm sure most veteran traders know the markets and economic conditions but could you state your views as to what would trigger a meltdown of epic proportions as this is your tread?
Wishing you the best in your calls.
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