is it time to go long???

B

bluematrix

so cyprus is no issue, capital controls bank deposits no news.. deutsche bank going to be downgraded as well? still non news..

wot do i do now close my shorts and go fully long? what's the target 1600? 1700? maybe 2000?

let me know what you think thanks :)
 
I mean surely, spx coming so close to all time high close and not make it? and not make a new high close? it's certain. no matter how bad the news. and all previous times it's made a high it's been 20 points higher than the last high. so I'm guessing it will close 1570 tomorrow and then a top at 1582 on Thursday. agreed?

1582 it is. that's the number we should all target.

so time to go fully long tomorrow until spx 1582.

right? :)
 
Just short the market at the maximum size per pip you can that will allow you a stoploss of 2,500points on Dow before a margin call,
set a target-order about 4-5% down from current level,
then go away and come back in 1months time and see if your target order has been filled yet.

Simple
 
Quote from spanish89:

Just short the market at the maximum size per pip you can that will allow you a stoploss of 2,500points on Dow before a margin call,
set a target-order about 4-5% down from current level,
then go away and come back in 1months time and see if your target order has been filled yet.

Simple
More...

hey that sounds very sensible. I'm going to think about doing that tomorrow. thanks
 
You're welcome.. :)

Its not what any textbook or 'market guru' will preach for you to do,
but it the method that will make you ALOT of profit money in the end, and all you need is to be patient for a few days-weeks. :cool:
 
Quote from bluematrix:

hi,

the US stock market are about to go for a very nice correction.

I know there are people talking about spx 1600, 1700 etc..

but we going to spx 1500 first, and i think this will happen in the next two weeks.

I base this prediction with correlation and volatility. if you look at the correlation of US equities with anything, they are so out of bound - and pretty much all risky assets are co-integrated so I think we're going to see some sharp fixes coming up.

all the signs are that the market is topping up. at max we could see spx 1570 but is 20 points worth possible gain of 70-100 points?
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I thought you were short the market?
 
Quote from chicagodon:

I thought you were short the market?
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yes I was. but now I've changed my mind. i still want to be short but I think SPX is poised to make a meaningful new high before going back. something around or close to 1580.
 
Quote from bluematrix:

yes I was. but now I've changed my mind. i still want to be short but I think SPX is poised to make a meaningful new high before going back. something around or close to 1580.
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Why not just add half your sell trades in now,
and then add then 2nd half at better price if market does rise?

That way you trap the market as you either get a better average entry price,
or,
you go straight into profit.
 
Quote from spanish89:

Why not just add half your sell trades in now,
and then add then 2nd half at better price if market does rise?

That way you trap the market as you either get a better average entry price,
or,
you go straight into profit.
More...

yep - I think that's exactly what I'm going to do. let's hope it works out. thanks :cool:
 
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