Breakout or Breakdown?

[chewbacca]

Short 4 YM at 1162 now. Pivital point in the markets. Discuss amongst yourslefs.

 

[Johnny Walker]

same with me, Short 1 at 11152, decided not to average down though. If this reverses I plan on taking this over night.

 

[chewbacca]

Shook out twice - once at breakeven and again at 11164. Short again 4 at 1168. Dangerous trade, longshot. But again, pivotal point for the markets, feb close and march - breakout or breakdown?

 

[no-problem]

Quote from chewbacca:

Shook out twice - once at breakeven and again at 11164. Short again 4 at 1168. Dangerous trade, longshot. But again, pivotal point for the markets, feb close and march - breakout or breakdown?

I vote for breakdown. Best of luck.

 

[Johnny Walker]

Only have one contract so my stop was at 11180. I'm still short this baby.

 

[Pabst]

Quote from Johnny Walker:

Only have one contract so my stop was at 11180. I'm still short this baby.

So on a break you're Johnny Walker Black and on a rally you're Johnny Walker Red.........

 

[CPTrader]

Quote from Pabst:

So on a break you're Johnny Walker Black and on a rally you're Johnny Walker Red.........

Good sense of humor...Good one!

 

[Lucrum]

Quote from Pabst:

So on a break you're Johnny Walker Black and on a rally you're Johnny Walker Red.........

 

[chewbacca]

Tossed position at 1148. Looks like S&P wants to get rejected at 1300 and the Dow at 11200. Will renter there for an intermediate term position.

 

[Johnny Walker]

Im out to at 11142 did not feel like taking my position overnight. great, markets down to 11137 as soon a covered.