Market Calls

I don't have the guts to ride the market on stormy days. Being short on stocks sounds like a good move but I prefer to wait for clearer skies when the stock market will be licking it’s wounds again – like it did in mid April - while oil is going back down after stocks will have posted substantial losses. One cloud of doubt in this scenario is the next FOMC meeting that will, at my opinion, bring some relief to markets.
 
Time stop

I'm going to scratch this trade b/e in favor of a more convincing set up.

It still may rally slightly but the risk isn't worth the reward yet.
 
Quote from Samson77:

Time stop

I'm going to scratch this trade b/e in favor of a more convincing set up.

It still may rally slightly but the risk isn't worth the reward yet.
More...

LOL

Little bugger !

Oh well bottom picking is never a precise science.

10330 area was my first target.
 
Quote from Samson77:

LOL

Little bugger !

Oh well bottom picking is never a precise science.

10330 area was my first target.
More...

It is still a very good call, good sense of market movements. I liked it very much!
 
Quote from MAESTRO:

It is still a very good call, good sense of market movements. I liked it very much!
More...

Maestro

Thanks for the encouraging words but I really should have not missed that one.

I am still flat (YM) and I am looking to short it any time very soon.
 
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