I dont think you can short anything at this point, the govt could come in at any time and blast it up.
3 of my last 10 trades were $1.5-2.0 winners and that happened, the other 7 were winners that I exited because I had a profit....even though they looked to go down further.
not questioning you, but I dont see where it went to 35.30 after going down, if it did a few seconds after your entry, that can happen. With that being said, the SPY went down 70 cents or so then immediately bounced up with govt buying.
it probably took Obama a few weeks to formulate the plan, a few more to find the crooks to execute it, and a few more to implement it, that takes you to about.........March 9th.
they must go in cycles...ie buy for two days then dont buy.......when they stop, everyone sells, repeat.
there is no way to predict this....trading no longer exists, its a mirage at best
this is a stealth bailout to billionaires, the govt is giving them money by buying their stock, literally giving it away regardless of performance or need.
and what happens when the govt owns 80% of every big company. Not to mention the trillions of profit they have created, who gets that?
actually the PC now shuts off in the middle of the night. It restarts ok and runs fine after that but I leave it on to get overnight currency data which i can only get live.
good traders are at a disadvantage in this market. The Govt is guying everything it can and floating markets up to infinity. Buying at these levels is for amateurs and gamblers in a normal market but it works when Govt just keeps buying in random places.
In 3 of my last 10 trades, I was up on...