Market Outlook

Quote from bone:

So, it's not just us trolls who are stunned and confused.
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He change his mind every hour, he will call for both bear and bull opinion in the same time and claim the credit for which ever is right.

Small Bicycle is the best entertainment I could ever find in ET.

:D
 
Joke apart, it is rallying *hard*... I plan on adding to my longs around end of the day to play the first of the month but are u guys buying for more than a few minutes scalp in this rally ?

There has been quite a bit of money to me made so far, going long intraday.
 
Quote from luisHK:

Joke apart, it is rallying *hard*... I plan on adding to my longs around end of the day to play the first of the month but are u guys buying for more than a few minutes scalp in this rally ?

There has been quite a bit of money to me made so far, going long intraday.
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My only caution is that we've seen this play before.

I wouldn't be balls long. Somewhere around 1260ish the rally fizzles and we are at 1180 again. I made that mistake and rode my longs down and fortunately rode them up. But I am going to cut a lot of exposure just in case.

Remember today is also month end.
 
Quote from galvinlee888:

He change his mind every hour, he will call for both bear and bull opinion in the same time and claim the credit for which ever is right.

Small Bicycle is the best entertainment I could ever find in ET.

:D
More...

But they are in different timeframes!
 
Quote from newwurldmn:

My only caution is that we've seen this play before.

I wouldn't be balls long. Somewhere around 1260ish the rally fizzles and we are at 1180 again. I made that mistake and rode my longs down and fortunately rode them up. But I am going to cut a lot of exposure just in case.

Remember today is also month end.
More...

Thanks for your input !

I actually didn't dare to buy anything today, will only do it to end of the day and sell back some or all the new shares tomorrow. Upcoming 2 months have a strong record historical though, and I'm planning to stay leveraged until at least January.

Quite like it today, as until last night November was looking like the worst month of the year so far - very largely on unrealised losses.

On a side note anyone has good links about the historical performances of the first but also last days of the month ?
 
Quote from luisHK:

Thanks for your input !

I actually didn't dare to buy anything today, will only do it to end of the day and sell back some or all the new shares tomorrow. Upcoming 2 months have a strong record historical though, and I'm planning to stay leveraged until at least January.

Quite like it today, as until last night November was looking like the worst month of the year so far - very largely on unrealised losses.

On a side note anyone has good links about the historical performances of the first but also last days of the month ?
More...

This will not be helpful to you, but I saw something about that for this year. The last 4 days accounted for most of the rally. And the following days were generally losers. I read this in September I believe. But I don't remember where.
 
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