Forget it, Sell more. New resistance 12530. Oh this is a new historical high ! Maybe there is no resistance ?
sold 5 at 12, 521 with a 20 point stop will let run till either stomped out----but will not cover today or tomorrow unless stopped out!
Every market has been touching new highs, The BSE has had a 5000+ run in less than 5 months. Everyone knows what happened this past summer when the BSE dropped like a rock.
well at this rate.......i am getting stomped on by elephants.......did you guys know about this news----what was up with that......did rss feeds catch that news?
i`ll probably close the 5 contracts at 12,493 today to be up 400 for the day (realized).---i`ll watch the last half hour for how fast this thing sells off to make my final decision.
I never said I thought the market couldn't crash. But if you think about it a minute, the Mutual Funds have to be flush with 401K and IRA $$ right now. They look bad if they buy high. So *I* think they manipulate the market. Maybe I'm wrong here, but if I were a big mutual fund, and I know that I want to buy low, because I HAVE to buy due to my fund % profile, what would I do? I would try to get on TV to talk about the lousy recession coming. I would try to create insecurity in the smaller sellers, then I would get 2 agents to sit on ass buying and selling each other 100 lot orders to direct the prices where I want them to go. 5000 shares later of this game playing, when everyone finally jumps the bandwagon selling, I put in my buy order for 5000 lots cheap. If I want to sell, I do the opposite. Maybe I just have an evil mind and this doesn't really happen. But why doesn't it? I'm sure there's smarter people than I who run large funds. All we little guys can do is avoid getting run over.
Opinions.Opinions. Look at SPY 30min., daily, 5min.. I cannot see long yesterday afternoon. I saw a beginning of downswing(not a downtrend!!) And yes I got cought and now I am out. The point is,I do stupid trades, but this wasn't the one. Just a pure stupid bad luck.
Come on! U sound like u are knocked out. Where is the energies? Where is this morning's crash prediction? 400? Like u said, u should be making 20K by Jan. Once u give up, is all over!