alread Monday-MASSIVE "Sell Off" in Asia

Discussion in 'Trading' started by increasenow, Oct 21, 2007.

  1. Down day is not a sure thing.

    If Monday is like other days following a weak close, 1493 (what it is right now) will seem like a gift.

    On average, on the day after a weak close (close in bottom 10% of the day's range(, the market retraces over 1/2 of the previous day's decline.

    I may be wrong, and often am, but I am long here at 1494, and am looking for 15 points on the upside in the next day or so.

    If I am wrong, I'll get out, for sure.
     
    #11     Oct 21, 2007
  2. Bowgett

    Bowgett

    Shanghai is almost recovered. I will not be surprised to see gap up tomorrow in US.
     
    #12     Oct 22, 2007
  3. Out at 1515.
     
    #13     Oct 22, 2007