Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?

Discussion in 'Trading' started by shortie, Jul 1, 2011.

What's Your Short-term View?

  1. Very Bullish

    10 vote(s)
    14.3%
  2. Bullish

    21 vote(s)
    30.0%
  3. Flat

    15 vote(s)
    21.4%
  4. Bearish

    15 vote(s)
    21.4%
  5. Very Bearish

    9 vote(s)
    12.9%
  1. Your story keeps changing. Below is your post of yesterday.

    Yesterday, the institution guys were coming (and only vacation was holding them), and today the down grades. Is it not :confused: ing?

    I want to see it above 137. It is only 2% away. Not far, so it should be easy, especially given the fact that it moved the same in one day only and not too long ago.

     
    #91     Jul 5, 2011
  2. It took the market about 25 minutes to deliver to your post a little reminder... It a few minutes, it cleared the work of the bulls of the whole day. Luckily for the bulls, the previous day low is a bit deeper. Tomorrow's previous day low would not be as deep as in today.
     
    #92     Jul 5, 2011

  3. can you translate that into English.

    TY
     
    #93     Jul 5, 2011
  4. Squeaky tight day. No real downside as expected. My prediction still holds for now...
     
    #94     Jul 5, 2011
  5. I need a translator myself, so I cannot translate, but the post was trying to refer to the little fast price decline of 2PM, and to the previous'day low, both can be checked on charts, with the former on today's chart, and the latter on today's chart and possibly on tomorrow's chart. If your request of translation is a different request, then disregard this answer.
     
    #95     Jul 5, 2011
  6. What to do if 1360 is not visited in this leg?
     
    #96     Jul 5, 2011
  7. My predictions are just potential events. Trade price action not predictions. So far the market behaved as expected after a strong bullish move with little selling. It will take some time for the move to be digested and early shorts could be roadkill on the highway. FWIW it is safer to let the frontline get skewered and then take a retest of a trendline break rather than brave the arrows of institutional bulls waiting to feed on misguided small shorts.....
     
    #97     Jul 5, 2011
  8. Locutus

    Locutus

     
    #98     Jul 5, 2011
  9. If you find yourself arguing with the market, one thing to try is shortening your timeframe, if you feel the need to trade counter-trend. The last thing you want to do is have a trade moving against you long enough that you start to stew over it. It just ends up making for revenge trading. You want to know if you are right or wrong in relatively short order, relative to your typical trading timeframe.
     
    #99     Jul 5, 2011
  10. excellent advise!
     
    #100     Jul 5, 2011