Who thinks a short on SUNW is a good idea now? Who thinks interest rates are going higher with the way the US dollar is acting and oil at $70?
After 10% I run for the exits and if you trapped a bull don't get lazy or sloppy or you'll get gored instead of gourmet.
Volente, I hear you bro. Can you post a call and then the result so we can learn how to "Trap a Bear?"
http://www.elitetrader.com/vb/showthread.php?s=&threadid=69651 http://finance.yahoo.com/q/bc?s=^GSPC&t=1d Another successful hunting trip.
john99 I'm not nor was I short GS I was just commenting on Paulson's appt. Sorry to be cryptic. I don't trade many stocks mostly futures occasionally one does catch my eye though. Thanks for the heads up.
I just wanted to post a chart and do some TA. GS was a good short on Wed for most of the day, until XLF reversed around the last hour, right when the MA's catched up and we hit previous days support (also reversal at time of dow hitting Prev day sup.) Also to note, XLF formed a bearish hammer Friday and is near resistance. I also trade futures. I was watching the YM thursday(the stochastics was to the ceiling all day) during the last hour of trading we hit some very extreme tick readings from a breakout, I saw over a 1500 tick reading a couple of times (the bar didn't close over 1500 though on my time setting). Obviously strategies for 1000-1200 tick fades weren't working too well especially if you took the first tick fade(the second tick fade when we hit 1500 did work however). Do any of you guys use automated or day trading strategies for trading when ticks go this high? Anyone successful with fair value buy/sell programs? How did you guys do on Thursday? Anyone care to share? <img src=http://www.windchart.com/std/Intraday/G/S/GS_03a205fa503cgsmCU1e.gif>