is today all hype and friday DOW rebounds HUGE?

[Rabbitone]

The question I have to ask myself as a swing trader is “Do I want to keep all of my shorts open over this weekend after such a big sell off?” The answer in my case is “No, I will be taking profits during the opening sell off.” There will always be more rallies to short in the following weeks.

 

[Ivanovich]

Quote from Rabbitone:

The question I have to ask myself as a swing trader is “Do I want to keep all of my shorts open over this weekend after such a big sell off?” The answer in my case is “No, I will be taking profits during the opening sell off.” There will always be more rallies to short in the following weeks.

You're a lunatic if you keep anything open over the weekend in a market like this - long or short.

 

[piezoe]

Quote from SomeYoungGuy:

I think it's a good time to play the lottery - buy some way OTM puts & calls, a bottle of tequila, and put the chart on the big screen!

w00t expiration Friday!

Now you i like! A giant straddle and a bottle of tequila it is!

 

[benwm]

I would expect PPT to be getting to work today.

~10k on Dow..they'll want to support that
also around the flash crash lows
and 3rd reason is biggest fall of the year yesterday

So whilst there will be some selling today I'm pretty sure PPT will be buying for all their worth

Plus we all know the Monday effect so any short worth his salt will be covering b4 the close I guess

 

[Vulcan Trader]

Quote from Vulcan Trader:

E-mini SP 500 Futues

Long above 1079.75

Short below 1069.75

Quote from Vulcan Trader:

Here's a preview from Pandora's Little Black Box.

Long above 10157.61
Short below 10057.34

Mini Dow Futures

Initial Profit targets hit in both markets.

 

[noddyboy]

Quote from Vulcan Trader:

Initial Profit targets hit in both markets.

What targets? You said short if it goes down, long if it goes up.

 

[pairforex]

When you are not practicing, remember, someone somewhere is practicing and when you meet him he will win.

 

[Vulcan Trader]

Quote from noddyboy:

What targets? You said short if it goes down, long if it goes up.

Those are entry points. Check out the data sheet.
I gave you 1st and 2nd entry points.

both long and short entries.

 

[Lojanica]

Bounce then another gut wrenching drop in a week. We're going to high 900's in the spoos. My guess. Long is the word for the wicked short covering spike. I already covered alot but held long over the weekend for the gap and trap up before the next takedown.....

 

[ET99]

Quote from Vulcan Trader:

E-mini SP 500 Futues

Long above 1079.75

Short below 1069.75

Reality:

BUY below 1069.75
take profit above 1079.75

I love ET.