Discussion in 'Trading' started by makloda, Jan 27, 2007.
What goes up must come down....
Short squeeze? Today?
That blunt you're holding in the photo must be packed with northern lights, not a marlboro light.
Northern lights is that potentttttttttt stanky stank!
Im seeing green on the nasdaq once again.
Was going to take advantage of QLD at $87.50, had a limit order in but cancelled it, kind of regret it now.
These "100% up room to go no risk free $$$" days sure seem to be getting weaker and weaker.
Seems like a wash and rinse cycle that could be the start of the correction.
No one expects 5% down days. But we may get a whole lot more .5% down days than up days over some time now. And those .5% down days, extending over a period a months, add up really fast.
We shall see.
ok... but is there risk yet???
<i>"Northern lights is that potentttttttttt stanky stank!"</i>
The bear hunters better pack their bongs and stay inside the cabin this afternoon... buying dips might get expensive today.
Short ER 826.30 = stop par
Short ES 1458.50 = stop par
let 'em ride
The question is are there more .25-.50% down days to come or is this another opportunity to go long.
Look back at May 10 when the dow touched an intraday high at 11709, did anyone think for 2 months that the markets would have been in a steady downtrend, heck no.
I could go long DIA at DOW 12680 and see it fall to 12600 and say you know what, its going to come back, ill hold onto my DIA shares, then the next day the markets come back a bit and you think yep were back in the uptrend only to see the Dow close at the end of day at 12585, before you know it those shares you bought are now worth 125 bucks. You still dont give in thinking the market will come back and before you know it your sitting at 120 bucks a share, down nearly 7 bucks from where you originally purchased your shares.
Nothing to do with Patriotic my friend.....been drinking the same thing since college.....Budweiser......not into imports .....although Stella is an excellent beer to get annihilated on...
Never going to happen
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