shorting index resistance

ByLoSellHi · Sep 27, 2006

Quote from DeepFried:

Investors' view of the market is like an exponential moving average. They're most influenced by more recent market action but their mood about the market goes back, oh, let's say 6 to 9 months. Therefore, plenty of people are still steeling themselves for another selloff like the one in early summer.

Also, markets go down faster than they go up so it's natural for short-term traders to root for a quick move that they can make big money off of. It's funny to hear the moralistic tone of some of these bear calls, though. Some people seem to think it's immoral for the market to be optimistic about the future. If the market's rallying, just roll with it; don't get get all outraged and indignant because the markets aren't cooperating with your short bias.
More...

Exactly.

krazykarl · Sep 28, 2006

bump for more votes - and one of the few times i can gloat!

this either means i'm learning something around here or just getting lucky....

Log in or Sign up

shorting index resistance

will we reach new highs?

yes: shorts will help the resistance become support

no: the sky is falling

no: we are stuck in a 'rinse cycle' and range-bound

krazy: where the h311 is that "afternoon entertainment" you keep promissing??

ByLoSellHi

krazykarl