Selling the rest of my longs..... Will buy back on the next 1500 point drop in the Dow!!! Over bought!
Haha you guys are still bearish? One heck of a rally! What are all your respective stop points to finally go bullish again? Thanks so much, what a thread!
short term (intraday) look good to keep going up. Reckon dow could put on a few hundred more points. Maybe by tomorrow. longer term still points to down...so will be looking at shorting tomorrow perhaps.
Lot of 266 spy action with OE looming 15 min still bearish. Upside cap at 2666-2704 Building a swing short here for now
The 200 SMA is watched MUCH more closely than others. It's not a magic bullet, but when the market respects it and has a strong reversal day, anyone with a modicum of sense will take notice. "Even if the bounce continues it is highly probable lows will follow.." Based on what?