Discussion in 'Trading' started by makloda, Jan 27, 2007.
Any chance we retest the 200 DMA today in the last hour push? Maybe close just above it @ 2550?
Anything is possible
short dow fut 955, 120 point stop
i'm probably wrong but i think there might be a mass sell off into the last hour
Agree anyone who bought the dip today and saw a surge should have sold....
I bought about 5 longs but out of 5 the one I sold, MIDU, was my largest position....the others were very small amounts of shares so I might add to them if the markets fall another 5%
Dow off 50 points after surging 150+
Keep it coming...
Short avg 2583, target 2570 & 2560
Half off at 69
Added back same amount at 76
I still haven't seen any real "holy shit this is the start of a new bear market" type capitulation talk, just continual focus on "garden variety correction" / whatever bogeyman is responsible for it. It feels to me like we'll need some real panic selling (rather than heavy volume controlled selling) to really see any kind of bottom I'd trust.
Was supposed to go drinking but plans fell through,so took a long for old times sake for another 12 handles.
In other words, needs a drop to 2300.