The question I have to ask myself as a swing trader is âDo I want to keep all of my shorts open over this weekend after such a big sell off?â The answer in my case is âNo, I will be taking profits during the opening sell off.â There will always be more rallies to short in the following weeks.
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
When you are not practicing, remember, someone somewhere is practicing and when you meet him he will win.
Those are entry points. Check out the data sheet. I gave you 1st and 2nd entry points. both long and short entries.
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.....