Is Anyone Left Short?

Pabst · Jan 20, 2004

Todays ES firmness in the face of YM being down 70pts was the final indignity for anyone short.

Trend Fader · Jan 20, 2004

Quote from Pabst:

Todays ES firmness in the face of YM being down 70pts was the final indignity for anyone short.

I am short almost 500 IWM right now.

Avg price at 118.3

Trend Fader · Jan 20, 2004

I am looking for a 3-5 point on it. Its been a difficult short because of the crazy momentum.. but my experience tells me that it will resolve ok.

Most traders would rather wait for confirmation which means some weakness or some type of a breakdown... but I know by the time we get that breakdown.. it will be so fast and furious i will probably miss a good chunck of the move.

--MIKE

ig0r · Jan 20, 2004

Quote from Trend Fader:

I am short almost 500 IWM right now.

Avg price at 118.3

Why fight the trend?

Anyways, regarding people calling a top, it will only come after all those people are done and decide to go long

That's what the market does to ya

ktm · Jan 20, 2004

I'm short here.

Trend Fader · Jan 20, 2004

Quote from ig0r:

Why fight the trend?

Anyways, regarding people calling a top, it will only come after all those people are done and decide to go long That's what the market does to ya

I am not calling the final top. And I would not go long unless we had some type of 2-3 day pullback on the dialy charts.

Assuming you just started trading today.. would u honestly be buying this extended market at this level.

omcate · Jan 20, 2004

Quote from Trend Fader:

I am short almost 500 IWM right now.

Avg price at 118.3

Still holding 40 contracts of QQQ naked calls.

:mad:

illiquid · Jan 20, 2004

Bottoms are points, tops are processes, barely anyone ever gets to brag too much right after they catch the top, will take a while before any shorts will be "vindicated"

Brandonf · Jan 20, 2004

Quote from Pabst:

Todays ES firmness in the face of YM being down 70pts was the final indignity for anyone short.

I have a few individual stocks that have been acting weak such as HOV, but not any of the major indexes. I don't see the point right now.

ig0r · Jan 20, 2004

Quote from Trend Fader:

I am not calling the final top. And I would not go long unless we had some type of 2-3 day pullback on the dialy charts.

Assuming you just started trading today.. would u honestly be buying this extended market at this level.

What you consider extended others obviously do not

Is Anyone Left Short?

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