that would bring us back to feb 5 ,i'm wondering what the chinese will do today in the bond auction,if they sit on there hands,market should soften,i'm not sure how it works but there is some creed that says fund managers need to be fully invested by end of 1st qrtr,that gives them til next wednesday, see how the day plays outQuote from Lawrence Chan:
First 100 pt down move will "set up" the real sell off by summer.
As wave mentioned, US and other governments have done all kinds of policies now that may have potentially unimaginable side-effects. =)
Edit: The 100+ pt move is needed to break a daily level swing low, which in turn breaking the uptrend.
Quote from ammo:
that would bring us back to feb 5 ,i'm wondering what the chinese will do today in the bond auction,if they sit on there hands,market should soften,i'm not sure how it works but there is some creed that says fund managers need to be fully invested by end of 1st qrtr,that gives them til next wednesday, see how the day plays out
i think i started at 54 and yes .ive averaged it up to 61,covered a third yesterday at 61.25 and will add more ,i build a position with a predetermined cash loss,and add and reduce until we reach the pre-position target, or dump, seeing that we will easily reach my my max loss,at the moment i still see us as overbought,this has all been explained before in this thread,this was a civil response,i don't know if you are capable of same, but please do your bestQuote from FattBurger:
Ammo,
Are you still short from 1140 range and adding to that short?