Tuesday S&P dip, friday profits.

Discussion in 'Trading' started by KINGOFSHORTS, Feb 21, 2011.

  1. jokepie

    jokepie

    There is a swing down on 30min time frame in this week....
    Daily still needs correction below 12K to have any effect on real LONG players.
    Until then, if you are LONG on a daily chart. Don't sweat.
     
    #11     Feb 22, 2011
  2. hajimow

    hajimow

    Market will dip another 0.5% from what it is at 12 ET. Better to sell. It has been up for 6 months. 1% drop does not justify buying. I believe it will go down more after those "buy dip" guys get burnt.
     
    #12     Feb 22, 2011