Bears: how soon till we re-test the low on the S&P?

Quote from NeoRio1:

Over the last couple hours I shorted at 802 and just a couple minutes ago bought back at around 792.25.

I like the idea of holding into swing trade mode and I will most likely do the same and re-enter when some key levels break.

I really don't want the entire financial world to go to shit but...
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I got knocked out by random drift and had to re-enter. But now I'm holding again.
 
Quote from lolatency:

I'm guessing roughly 1.5 weeks, and we'll bust through this time.

I rarely make calls, but -- short here @ 800 on the S&P, cut losses at 815* and hold the rest with some reasonable money management strategy to 650.

* If news comes out, don't f around and cut immediately. News meaning some kind of reaction to the GM/Ford thing or some news about the health of bank books.
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Why would a move to 816 convince you the market is no longer heading down? If you a bear, then 1 S&P point should not be enough to change your thesis.

What is it with this weak-balled pussy attitude people have to trading?

If there is good news, then you should DOUBLE THE FUCK UP and go short even more. Stop twisting in the wind and have a conviction view which takes more than a slight wiggle on the charts to get you out of.
 
Quote from Cutten:

Why would a move to 816 convince you the market is no longer heading down? If you a bear, then 1 S&P point should not be enough to change your thesis.

What is it with this weak-balled attitude people have to trading?

If there is good news, then you should DOUBLE THE UP and go short even more. Stop twisting in the wind and have a conviction view which takes more than a slight wiggle on the charts to get you out of.
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Seeing that you like ranting about disciplined and structured trading you might as well rant about the amount of majors Tiger Woods has won or the feat of landing on the moon.
 
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