Quote from kinggyppo:
I think that when the last seller has sold you are going to see a moonshot
up, remembers the same powers that took the mkt to 1200+ are still around.
Oh to be a long only fund mgr, 2 and 20 please, need to rehab that Hampton summer home.![]()
Quote from atticus:
ok, but we just rallied nearly 15 from those comments.
Quote from atticus:
I'll assume you have a point? We saw 13 points in 30 minutes from 10:00 to 10:30. So now we go up at 10% stat vol and down at 100%? If so, I wouldn't want to be short at 92.00.
Quote from Eko_Trader:
Here's my point. The momentum is up. Every pretty lil target on the upside is being tagged. If you're playing a counter trend short, you may wanna keep those stops tight unless you see a volume-backed reversal bar. On that front, I can see why emg is cautious of the volatility to the downside since he's playing a short position
Quote from atticus:
Another apologist. OK, well, he's stated that today was special so he'd take *2* point stops. Now that vol has traded nil he's at 1. I can't imagine what stop would be prudent in a 20% vol environment.
Hey guys, it's 50 vol and we just dropped 7 points.