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Margo's Swing Journal
- Thread starter margo_trader
- Start date
Quote from margo_trader:
Many of the major indices look just like this.....NDX (QQQ), SPX (SPY), BTK (BBH), SOX (SMH). All are at their respective shoulder highs and a likely spot to turn back down. IMO, it's a pretty low ri
isk short with smaller positions & tight stops.
Hi Margo,
I too have missed your posts and charts. I look forward to having you back. By the way, super call on the market.
Tad
Quote from dgabriel:
I have been watching these H&S formations in action for 3 weeks now. But sellers have not been in command since Oct.
Bullish action since Jan 2 suggests it is unlikely H&S breakdowns will occur.
dgabriel,
Ooops!! Better luck next go around. Look at it this way - you have a 50% shot of being right.
This is one effect of stating an opinion publicly, there is always a moron out there with an irrelevant and boneheaded response.
Incidentally the H&S has not broken down yet, and if it does, i'll make money on it, if it does not break down, i'll make money on it also.
No better luck needed, I don't trade likelihoods for 2-3 weeks out in the future
My "luck" was profitable this last week, as I was short.
I trade it where it goes.
Tadburk, with 4 posts, all in the style of FasterPussyCat. Ran out of lithium faster?
Incidentally the H&S has not broken down yet, and if it does, i'll make money on it, if it does not break down, i'll make money on it also.
No better luck needed, I don't trade likelihoods for 2-3 weeks out in the future
My "luck" was profitable this last week, as I was short.
I trade it where it goes.
Tadburk, with 4 posts, all in the style of FasterPussyCat. Ran out of lithium faster?
i don't think margo is coming back. someone had to open their big mouth...:-O
Quote from dgabriel:
This is one effect of stating an opinion publicly, there is always a moron out there with an irrelevant and boneheaded response.
Incidentally the H&S has not broken down yet, and if it does, i'll make money on it, if it does not break down, i'll make money on it also.
No better luck needed, I don't trade likelihoods for 2-3 weeks out in the future
My "luck" was profitable this last week, as I was short.
I trade it where it goes.
Tadburk, with 4 posts, all in the style of FasterPussyCat. Ran out of lithium faster?
dgabriel,
My bad. I guess it boils down to time frame. I was under the impression your observations were based on the daily chart she posted and not another time frame which it obviously was. If you don't mind, when precisely did you decide to go short and what signal (s) & time frame did you trade off of? I'm far from a TA expert, but it seems to me that a 5 second chart is going to generate different signas than say.....a daily. Thanks.
Tad