Quote from Michael.jstocks:
stupid site.
I twice tried to post long trades earlier at 1119 but they didn't make it through!
Only a few points.
Lets say LONG here at 1121 - Ill close it at about 1128 later on I think.
Quote from Boff:
LC, are you still thinking 900 SPX by mid October? Thanks.
i know. just long term picture(3 month) became a bit fuzzy with current push up. was leaning long bias treating this rally as legit breakout attempt. wanted to see if i was seeing it right. with your answer now i'm longterm neutral, thanks again.Quote from Lawrence Chan:
Below 1000 for sure, and the trend established this month will tell if 900 can hold or a lower level is needed to establish the base.
Edit: Long term view is useful for establishing long term positions. Long term positions have a complete different risk profile to consider comparing to daytrade. Do not marry your long term view with daytrading - it is not good for the bottomline!