Pabst YOU SUCK!!!!! .......You suck the life right out of the bullish broke brainless wanna be Market Commentators!!! You DA MAN! Good Call DUDE!
OK. Here I go. Shorting the shit out of the market AGAIN. I must love pain. ...Wait, maybe I'll wait and see how we open tomorrow first.
bronks, the very existance of this thread suggests that shorting is an exercise in pain, just as buying dips was in 2000. Take a breath, and let a few more upside attempts, at least 6 more, develop before you start SS. It is an election cycle..and to me very similar to 1970-72...Nifty 50 era...think XRX, PLD, IBM, EK, being replaced by AMZN, EBAY, NTES, AZO, HOV..etc... Bush can't let the National Thermometer go to sh*&t NOW. Just can't. Best David
Spoken like a true trader. You don't need an opinion based on perceived fundamentals - it just gets in the way of profitability. Also see my post on virtually the same subject - http://www.elitetrader.com/vb/showthread.php?s=&postid=347200#post347200 _________________________________ "Trade what you see, not what you think."
Nicely said David. Where'd you get the 6 more attempts from? Funny, by the time I'm done poking at the short side (intraday), I'll usually be down by about six points avg. Then when it does turn, I've got to load up on contracts to make up the difference. Usually get ahead by a few points after all is said and done. But what a headache. All because I don't wanna be late to the party. EDIT: This method has handed my head back to me over the past two weeks. Ego severly deflated, it now fits my body once again.
6 attempts is just a guess..good night buddy...just know ya gotta count to 500 on this sh*&^T..b4 it works, actually only 4 more attempts available! best david
Today's highs were not just random areas of exhaustion. I would rather wait and buy a breakout than buy a pullback here. I.E. these highs could hold!!