So 1650 gives a massive profit.. ok... What does 1820 give??? 1850?? 1900??
Massive Headache?
So 1650 gives a massive profit.. ok... What does 1820 give??? 1850?? 1900??
"The recent emerging market sell-off was the final tweet of the canary in the coal mine, according to Albert Edwards, Societe Generale's uber-bearish strategist, who now predicts a global recession with equity valuations dropping to their lowest levels in a generation....The ongoing EM (emerging market) debacle will be less contained than sub-prime ultimately proved to be," he said in a research note released on Thursday, warning that the markets face being trapped in "a Freddie Kruger-like nightmare."
http://www.cnbc.com/id/101395618
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1742 a probable short-term bounce point. My initial target is 1642 -1650 where I will have a massive profit. Then I have some serious soul searching to do.
That's exactly the problem: you are trading with your soul. I can't even call it "trading" -- it's more like the ever-growing commitment to your short position with which you apparently fell in love.
It not the soul he is searching for at this point... It's the scratch to deal with the margin calls....
1742 a probable short-term bounce point. My initial target is 1642 -1650 where I will have a massive profit. Then I have some serious soul searching to do.
When does the soul searching start?
Since you are bullish, I conclude it is another top. To keep track of the top: SPY at 187, and QQQ at 91.
When does the soul searching start?