I'm looking for a bounce upwards to scalp some upside or should I hold off?
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Anyone going long at the open or near it today?
- Thread starter pumpanddumper
- Start date
Quote from Cocaine:
The market isnt even open yet, no data has been printed during regular hours yet. How can you deide to do something like this w/o seeing any action? To me, this is pure gambling.
Just a little oversold last 3 days. Not looking for a 180, hell even a day like yesterday to positive and then a fade is fine with me. Don't think there is any HUGE data. I'm just looking for covering on the following through gap down and a 50 point DOW bounce upwards.
Who isn't going long at the open? Everyone has been so conditioned to buy the gap downs over the past few weeks that you already see the futures well off their lows premarket because people are buying ahead of the open anticipating others to buy the gap down.
Be careful going long in a bear market.
Be careful going long in a bear market.
Okay, opening bounce was made, bye