I cringe to think how many shorts are stuck from the past 4 weeks.

Discussion in 'Trading' started by hafez50, Apr 29, 2020.

  1. S2007S

    S2007S


    Futures at one point on the dow were down over 350

    Understand this. States are slowly opening up, I believe its about 16 states so far. Iffff there is any uptick or surge in covid cases in the next few weeks these states will go back into quarantine once again. If this does happen there will extreme downside to March lows without question. So right there is a bit of caution and uncertainty in the markets.
     
    #91     May 4, 2020
  2. themickey

    themickey

    Never mind the media, they don't operated algos.
    Just smell out present market clues, run with it until it changes.
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    #92     May 4, 2020
  3. S2007S

    S2007S


    Run it till it changes??
    The last 2 day selloff excluding today no one read in the charts.
     
    #93     May 4, 2020
  4. themickey

    themickey

    'tis but a minor hiccup, not enough to be concerned about to exit the current runnup.
    As you will be aware, these liitle blips shake out weak hands.
    Getting shaken out is a problem because a sudden reverse snap can make it difficult to re enter a fast moving market, unless a day trader who prefers being glued to a chair and monitor.
     
    #94     May 4, 2020
  5. Cuddles

    Cuddles

    No, but everyone read it on tech earnings
     
    #95     May 4, 2020
  6. themickey

    themickey

    Exited two oilers this morning on ASX for +19% & +8%, a coupla weeks holding.
    I'm beginning to see bearish signs slowly creeping in, still a bit early to take major action across my entire portfolio but becoming more wary.
    Common for bull runs to end is a sudden upward rush to suck in noobs then plunge.
     
    #96     May 5, 2020