Wound up exiting this position on a trailing stop at 1454.25 for +5.25. Not the 10-20 points I'd hoped for, but perhaps the last hour will bring another shorting opportunity from a retest of HOD. [Sorry for late report, but I've been having a heck of a time posting on ET today. Awhile ago, I couldn't even read posts, much less make them. Maybe they need a bigger server or bigger pipe.]
install the netscape browser.. its a lot faster. I disabled IE. don't install any additional plugins.
Spectre and Spooz, Are you guys placing resting BUY STOP orders above the market to catch the potential blast-off if the Fed cuts rates before the next meeting? Or are you just trying to catch the B/O above Friday's highs (intraday) as the market moves higher ahead of the Fed? Nice strategy either way. MDT
no, i am not.....even if the fed makes the mistake & cuts,i believe it will be short lived & a selling opportunity above fri hi`s. i`ve been wrong before but i am staying with my conviction on this one.i`m piecing in so small i can barely feel it at these levels.of course there are catastrophie stops,to prevent one ,but i have a larger than usual sell zone to cover....with a pyramid style so my largest size is closest to my outs & also in the zone to capture most profit without missing the anticipated move. i`m not interested in day trading this market as stops are being ran pretty easily,which tells me they`re weaning out the weak positioners for a big move.