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missed by 18 ticks, close miss in CL; confirmed reversal? Entry to the short? Hesitating.
 
yc47ib said:
...Assuming there will be a end of the day rally, which is my guess for now. If not, need to carefully remeasure the mood again Sunday night.

Great weekends for those who are still reading this thread, carefully study it.
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So much for the afternoon rally. Sux to be unhedged long in NQ, which I am. Alas.
 
yc47ib said:
The day has not ended yet.
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Umm, no, the day HAS ended. And the 4PM to 5PM ET hour will not help that ghoulish bear face on the NQ. I should have realized that with the re-classification of certain heavy tech hitters into different sectors would cause a lot of selling so money managers can get out to take time to reassess how to work their portfolios from this point forward. It's "game over, man!" for this week.
 
Overnight said:
Umm, no, the day HAS ended. And the 4PM to 5PM ET hour will not help that ghoulish bear face on the NQ. I should have realized that with the re-classification of certain heavy tech hitters into different sectors would cause a lot of selling so money managers can get out to take time to reassess how to work their portfolios from this point forward. It's "game over, man!" for this week.
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P.S. The real pisser is, I had the chance to get out around noon ET with 15 points or so of profit, but held on for that usually classic "Friday rally". Obviously, it didn't hold this time.
 
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I have to admit, it does not look good yearning for a rally. My adjust short missed by 8 points.

Well I chased the short once, missed, will prob. do second chase, but room is limited. Better to stay in cash over the weekend.
 
P.S. yc47IB...

I've come up with a "Rickshaw factor". It relates to the risk free $$$ thread I'm sure you've seen floating around, since you've been a member of the site for so long. You will notice that on days when the markets are tanking, Rickshaw man never seems to pipe-up about how "you know how it goes, folks! Futures will rise overnight" and "gotta' love free money", etc etc.

He's been quite quiet since this morning over there. So he got burned in sim, and is not so sure now about the weekend. If Sunday-night-into-Monday morning brings him back out of the woodwork and he says then, after the fact, "Futures were up overnight. Shocker!", that is the time to go long. :-)
 
And to be honest, NOW is the time to go long NQ. RIGHT NOW. It is a beautiful entry point considering where we are at in the season.
 
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