BEWARE: The STORM Called the NEXT 2 TRADING DAYS...here is why

Discussion in 'Trading' started by increasenow, Jul 1, 2008.

  1. nice call!

    surf:D :D :D
     
    #21     Jul 2, 2008



  2. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/Gm4U8wsIGMU&hl=en"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/Gm4U8wsIGMU&hl=en" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>:confused:
     
    #22     Jul 2, 2008
  3. Perhaps you could share with us what levels you needed to see in the S&P yesterday and this morning in order to close out short positions and/or get long?

    Most aggressive traders I know would not want to go through a 30 handle rally in the S&P - - - especially when it is off of an already "defined" support level in the markets ( March low ).
    That could do some major damage to one's capital base; depending on how big of a position they are taking relative to their capital base.

    If a 30 handle move doesn't get your "juices" flowing, then I would guess that you are not a "day-trader", but someone that looks at things on a WEEKLY time horizon?
     
    #23     Jul 2, 2008
  4. Well, I can say this. If one had gone long the ES (at 3:45 pm) at 1272.50 x2 contracts, they would be down $1,047.50 at the close(with commissions), while going into tomorrow.

    So tomorrow will tell if this two days of news events is going to amount to a one day rally.

    The ES broke above the 20dma after the close, for what that's worth.
     
    #24     Jul 2, 2008