ES Journal Archive (2009 - 2010)

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Well, it ain't going as planned. But, exactly what's the reward:risk ratio that you talk about? There's no FREE money here. You would be crazy to buy at these levels IMHO.
 
Quote from saliva:

Well, it ain't going as planned. But, exactly what's the reward:risk ratio that you talk about? There's no FREE money here. You would be crazy to buy at these levels IMHO.
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well risk is 1.5 points on the downside vs. 6-10 point on the upside with probably equal probability of occurence.. i.e. if it breaks on the long side.. shorts are going to be really squeezed we might see 950.. if I'm wrong and this is the top, then you can pretty comfortable reverse and ride it down..
 
Quote from saliva:

Well, it ain't going as planned. But, exactly what's the reward:risk ratio that you talk about? There's no FREE money here. You would be crazy to buy at these levels IMHO.
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NQ momo buying in 1998 to 2000.

I recall Cramer says something like, "throw the old school evaluation out of the door now!"

Took 2 years before the train stopped back then. :)
 
Quote from Uncle:

well risk is 1.5 points on the downside vs. 6-10 point on the upside with probably equal probability of occurence.. i.e. if it breaks on the long side.. shorts are going to be really squeezed we might see 950.. if I'm wrong and this is the top, then you can pretty comfortable reverse and ride it down..
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Valid point but it's a flawed logic. Why couldn't you then flip and go long when the squeeze occurs? :)
 
Quote from saliva:

Valid point but it's a flawed logic. Why couldn't you then flip and go long when the squeeze occurs? :)
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I guess i view 940 as support in an upward market.. and you view it as resistance and picking a top.. but I guess your way makes sense also given your view.. and my view makes just as much sense given my view
 
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