I'm stopped out, too, for -1. Poop. I should know better. Day before FOMC is a day to bunt and hit singles, not swing for the fence. (Or better yet, stay in bed.)
Was a bit too early with my short... NQ just broke the uptrend since 05 dec. ES just confirmed a M-Top which should send us down to 1507. Trying to get a short at 1516
fomc has nothing to do with intraday trading today...either we have a system that gives the edge or we don't....we are not the answer, the system is...... once it is well done......
NQ is up and has been up since late November. So how did it break an uptrend when it has been rising, espcially one that goes all the way back to 2005? If the pre-thanksgiving low in NQ did not break that trendline I cannot see how the upwrd moves the past few days did.
Sorry for late post...got a phone call. Short from 1517.50. Closed half at 1514.25 for +3.25. Letting other half run for possible 1507. Stop at BE, will be trailing it down. EDIT: Son of a B... Stopped out at BE. I really should have stayed in bed today. :eek: EDIT: This looks very bearish to me. On my 240-tick chart, I'm seeing a big H&S formation with a DT head and a DT right shoulder. What can I do? Short again from 1517.25, with fingers and toes crossed. EDIT: Where the heck is gravity when you need it?
Any opinons on housing stocks, looks like a few have put in a short term bottom. Anyone accumulating, I have a small postion in HOV.