be careful about shorting here, look its up near the 200ma so all the shorts waiting for a pullback to cover think there is resistance there new shorts are going to come in with it "being overbought", feel like they will ram it higher to squeeze them. (normally it would pullback of a major resistance like this). correction we are already past the daily 200ma, probably gonna conslidate above then another thrust next week, no pullback, obviously im talking bigger time frames here so maybe for scalping it will be good again
It never fails, if i move a stop to BE they hit it, if I cover the whole position it then goes huge in the money.
Why make things difficult? Why short a 200pt move all the way up two days? Dow does 200pts today, get on the ride. YM: 10565 This morning I was in at 480s
so you are advocating going long at 569 after those 200 points and you think that is a low risk trade ?