HUGE (ES, YM,DAX)SELL-OFF tomorrow, August 6th...read here...

Quote from increasenow:

today is "short" set-up for tomorrow, August 6th...read here...anyone considering the following for tomorrow:
short:
ES
YM
DAX...
long:
Crude Oil
Gold...

Here is why...the YM,ES and DAX soar on "really nothing"...once market digests the FED wording and no rate cut...watch out..serious sell-off tomorrow...also with fresh Oil EIA numbers out...watch, supply concerns hit again and Gold, Oil soars...HUGE SELL OFF TOMORROW...AUGUST 6TH...
this post being confirmed now...9:41AM nyc time
 
Quote from increasenow:

this post being confirmed now...9:41AM nyc time


wait for the energy report in a few mins.

crude will determine this if its a bad report price wise. otherwise, non event imo.
 
1. It all technical.
2. Now that the previous day high is broken, you can try you luck on the short side.
3. With NDX now at 1879 (at 11:40AM), I would take all my profits on long side, and start playing short side if you like to pick tops.
 
Quote from riskfreetrading:

1. It all technical.
2. Now that the previous day high is broken, you can try you luck on the short side.
3. With NDX now at 1879 (at 11:40AM), I would take all my profits on long side, and start playing short side if you like to pick tops.

When you said profits did you mean a LOSS?

QUOTE]Quote from riskfreetrading:

On Tuesday August 5, 2008

At 12:27PM, with NDX at 1847, he told me to tell that she told him that she is tired of bulls, and that she will stop moving up, and ...
[/QUOTE]
 
Quote from riskfreetrading:

1. It all technical.
2. Now that the previous day high is broken, you can try you luck on the short side.
3. With NDX now at 1879 (at 11:40AM), I would take all my profits on long side, and start playing short side if you like to pick tops.

Maybe I'm wrong. But I saw increasenow good call if he shorted the market into today and dow went down 90 pts this morning. That's if he took his profit. I see the opposite of riskfreetrading happening at least for now. Take profit from covering short and go / stay long.
 
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