what's vague about saying SPY a short or do u want me to put on the trade and hand it over to you once it's in the money hahaha just shows the avg intelligence on ET
I am out
After a day like friday is the real reason it will still stay on sidelines until fundamentals improve--the cash on sidelines is smart money not dumb money like the govt wants people to spend it all to improve the economy
Posted this as a thread-97 views and not a single reply-the true value of ET :D :D
http://www.elitetrader.com/vb/showthread.php?s=&threadid=203125
and this before the big massacre
http://www.elitetrader.com/vb/showthread.php?s=&postid=2822735#post2822735
What a rush for an expiration day -yesterday at close i was having doubts about this trade-out another 1/4 SDS for 4%-remaining will ride on daily-BE stop for now
Well shorted the top but the key here is whether we take out June lows or not is my main concern-booked small profit on 1/4 shares +3%
URe nice pullback after hitting the 50 sma-never played that should keep an eye out from now on
108.26 is first SPY short target --In the morning didnt really think it would get there but what do i KNow:D :D :D
I meant first target--second one is around 107
108.26
107.89
107.72
107.13
so far the targets
Peel the onion slowly-looking good for shorts
No emotion here --if I am wrong stops are in--lots of stocks hit the 50 sma and turned back after a crossover--over the years that been the "one you look back and say I shouldve been in there trade"--just putting money to use since I missed the rally almost entirely except for some decent day...
I think if SPY pulls back to 107.50 ish area here in next week or so would be real test if we take out these highs or take out the June lows-that imho is the real test here. I am already short from 110 on SPY via SDS
U ever follow firstwave's chat n chart show-great guy. Good calls URE hitting daily 50, gap over it would be good but personally think market is due for correction here. OPEX week so who knows maybe starting monday...
I am posting a chart for SPY-seems a decent point to start chewing to the downside at the open tommorow -T2106 is over 200
Just seems a good probability trade being options expiration week too
Disappointing-hardly any scoring chances and when spain had the ball right in front of the german goal a few times including a possible pass to Torres WTF were they thinking?? Isnt that what the goal is made for to shoot the ball into --freaking nitwits trying to keep on dribbling until the...
If you look at intraday charts sometimes you can see that clearly where it doesnt make sense and it only happens with certain stocks (some very liquid ones) where lets say the previous bar is red with topping tail the bar breaks downwards and then you see the stock retrace just above the...