I don't use hard stops for some of the reasons mentioned above. I need to see definite signs that I'm wrong before I exit.
I also don't put a full position on @ one time. {except in certain situations}.
Not only that but CPI was higher than expected & this market is rallying.
The market has been up almost every day the last two weeks.
I'm sorry but this is fucked up.
The whole market is one big scam.
And GS is the culprit. If they wanted they could easily knock this market down 20-25% within weeks.
Regulation is needed to limit the number of contracts these SOB's can hold.
Why do you guys engage this guy, he's sick in the head.
Put him on ignore and continue with the thread.
I usually don't do personal attacks but that is one fat mother fucker :-}
Let it digest [yesterday's move] here.
The more it consolidates the bigger the move.
I think 1010-1015 are good downside targets. Not pulling the trigger yet, I'd like to see this rotate back up to start building.
Goldman algorithm for today.
Has everyone covered their shorts from the morning?
If yes ----> crash market down into close.
If no ----> melt the market up into the close
:-}
It will do what Goldman wants it to do.
Just goes to show you the amount of fraud going on by Goldman.
It should be down 2% if this was a 'fair' market.