is today all hype and friday DOW rebounds HUGE?

Discussion in 'Trading' started by increasenow, May 20, 2010.

  1. The question I have to ask myself as a swing trader is “Do I want to keep all of my shorts open over this weekend after such a big sell off?” The answer in my case is “No, I will be taking profits during the opening sell off.” There will always be more rallies to short in the following weeks.
     
    #21     May 21, 2010
  2. You're a lunatic if you keep anything open over the weekend in a market like this - long or short.
     
    #22     May 21, 2010
  3. piezoe

    piezoe

    Now you i like! A giant straddle and a bottle of tequila it is!:D
     
    #23     May 21, 2010
  4. benwm

    benwm

    I would expect PPT to be getting to work today.

    ~10k on Dow..they'll want to support that
    also around the flash crash lows
    and 3rd reason is biggest fall of the year yesterday

    So whilst there will be some selling today I'm pretty sure PPT will be buying for all their worth

    Plus we all know the Monday effect so any short worth his salt will be covering b4 the close I guess
     
    #24     May 21, 2010
  5. Initial Profit targets hit in both markets.
    :D
     
    #25     May 21, 2010
  6. noddyboy

    noddyboy

    What targets? You said short if it goes down, long if it goes up.
     
    #26     May 21, 2010
  7. pairforex

    pairforex

    When you are not practicing, remember, someone somewhere is practicing and when you meet him he will win.:cool:
     
    #27     May 21, 2010
  8. Those are entry points. Check out the data sheet.
    I gave you 1st and 2nd entry points.

    both long and short entries.


    :cool:
     
    #28     May 21, 2010
  9. Bounce then another gut wrenching drop in a week. We're going to high 900's in the spoos. My guess. Long is the word for the wicked short covering spike. I already covered alot but held long over the weekend for the gap and trap up before the next takedown.....
     
    #29     May 22, 2010
  10. ET99

    ET99


    Reality:

    BUY below 1069.75
    take profit above 1079.75

    I love ET.
     
    #30     May 22, 2010