wait for the energy report in a few mins. crude will determine this if its a bad report price wise. otherwise, non event imo.
1. It all technical. 2. Now that the previous day high is broken, you can try you luck on the short side. 3. With NDX now at 1879 (at 11:40AM), I would take all my profits on long side, and start playing short side if you like to pick tops.
When you said profits did you mean a LOSS? QUOTE]Quote from riskfreetrading: On Tuesday August 5, 2008 At 12:27PM, with NDX at 1847, he told me to tell that she told him that she is tired of bulls, and that she will stop moving up, and ... [/QUOTE]
Maybe I'm wrong. But I saw increasenow good call if he shorted the market into today and dow went down 90 pts this morning. That's if he took his profit. I see the opposite of riskfreetrading happening at least for now. Take profit from covering short and go / stay long.