Hope all got out $afely with their ri$$k free profit$. Rick$haw wa$ la$t $ighted on his yacht $ailing to the coa$t of Honolulu. The Dow is at a crucial juncture. If it can go up from here, then its going to the moon and Rick gets to upgrade his yacht to a private jet with his own private island and a castle filled with Playmates, all bought with ri$$k free money from the market.. If it doesn't, then its going underground. And I'm in. Dow Jones -117.7 -0.35% S&P 500 -16.0 -0.40% Naz -56.2 -0.47% Not a penny of ri$$k
A little while ago, all were in green now slipped back to red. Dow Jones -8.7 -0.03% S&P 500 -1.8 -0.05% Naz -21.8 -0.18% Europe showing the direction. Dax -119.5 -0.83% Cac -36.2 -0.55%
Who cares? There is zero risk in the SP. Just max-leverage long your house, your kids, your limbs into the SP and you never get margin-called, ever. That is what certain traders here would lead you to believe.
If it doesn't make a decent move today, I'm out. I hate these slow motion markets. Dow Jones -81.2 -0.24% S&P 500 -18.2 -0.46% Naz -83.4 -0.71%
The Dow high of the day and for some time, is likely to come in at about 1:30 or 2 giving longs a chance to get out and run for cover As always, wait for price to confirm. Not a penny of ri$$k.
Whenever I'm trading a high or low, I have a very simple rule that price must confirm the H/L or I keep out. I also say it in my posts. Anyone who is not completely mentally retarded can understand it because it is in very simple English. Duh! Duh! Duh! Duh!