It doesn't look like bears won the fight. It looks like we are going above 5800 and having support at 5750. I'm out of shorts but I bought 5700 puts just in case somebody thinks otherwise.
The plan is to go short Market On Close (MOC). It´s good to make money, but the underlying problem in Europe is still not solved. Recession will come. Liquidity swaps? Just fine for headline grabbing fund managers. Tomorrow reality will set in - like usual.
Yeah, a bit lucky . Last 2 days were loosing for me but today was extraordinary, few days like today per month for every month and I can stop looking for a job and concentrate on getting some algo out my pursuit.
My current plan: - wait whether we see 6200-6250 and short puts somewhere there - or if we go down just buy puts
As you have mentioned there are several structural problems in the system: In my view: jobs, debt, deficits, politics, ... Simple steps to concentrate on: - people will be happy to get job but they have to realize that we cannot all work in public sector - we need to print money to decrease overall debt but they have to do it slowly in steps - government cannot have deficits greater than lets say 60% - today's growth should be driver of the potential deficit not other way round - there is a need for a systematic change in greedy politics - regulators should stop harassing banks with crap - involve extra rich in development without renumeration benefit etc. I should be polititian, ;-).
That's quite a trick given that your posted entry was short @ 5821. As usual, you went radio silent when it popped against you, made some comments about being short was stupid after you were underwater 250 points and, like clockwork, resurfaced up 100 points. let me guess... you rode out the 300 point move against you then tripled down MOC- ummm, ok... If only this fantasy ability to reneg on trades worked with real money... BTW, i know you trade with real money. You're a smart guy. you just refuse to acknowledge when you take a beating but ALWAYS follow up with your winners. a might bit disingenuous.