the politicians basically pilfered the Treasury, ...a heist of the century, billions in profiteering...missing. corporate america is no different.
Our gracious host B1S2 hasn't posted for quite awhile, but if he stuck with his full-position short from 1511 (as I suspect he did), he made 30 points today. Congratulations, sir!
11-06-07 09:56 PM Tomorrow is looking like a serious down day if they hold this 1526 level... odds are we move to 1460 minimum if they hold 1525-1535. Depending on where we open tomorrow I am looking to get in on my first signal and hold short. This is looking like the classic pump and dump.. knock out all the novice shorts on break of the prior bar high, getting whole world long off a DB.... and then bam nail it... Just ranting but tommorow could be interesting Before.... http://elitetrader.com/vb/attachment.php?s=&postid=1666482 After is attached.... any questions? Glad to get a nice piece of this move however have missed the quite a bit of the last 10-15 pt drop.. nice job mbusch,spooz we nailed this one.
I have my levels at which I am looking to buy (mid 1460's, mid 1440's) but I am in no hurry. In the coming weeks there will be plenty of low risk areas to buy (and also to sell). Good trading today, guys.
I wouldnt be surprised if we saw 1430 tomorrow.... looks to be starting a wave 3 to the downside off a daily chart.. 1460 is the deciscion point... either they hold it.. and new bull move or if it fails we most likely crash below 1400.