seems like the short everybody has been
- Thread starter rowenwood
- Start date
Exactly... first it looks like a nice lil pullback... then the market shows u its true colors.
I've been building quite a big short weeks ago in the IWM and unloaded most of it in the selling.
I would only re-enter short again if the market has a feeble bounce of the lows.
--MIKE
I've been building quite a big short weeks ago in the IWM and unloaded most of it in the selling.
I would only re-enter short again if the market has a feeble bounce of the lows.
--MIKE
for biotech stocks such as the non profitable variety such as crxa which closed today at 5.97?
And what are the predicatable bottoms of this short term short makert? I hope it doesn't last more than two weeks. What does the historical febraury down month tell us about the movement of the down-trend. For example, will it intially drop a little then sharply, and then recovery mostly by the end of febraury? In this bull market we may even see a slight gain for the month of february.
S&P 500:
DJIA:
NASDAQ:
And what are the predicatable bottoms of this short term short makert? I hope it doesn't last more than two weeks. What does the historical febraury down month tell us about the movement of the down-trend. For example, will it intially drop a little then sharply, and then recovery mostly by the end of febraury? In this bull market we may even see a slight gain for the month of february.
S&P 500:
DJIA:
NASDAQ:
I am not sure what people on this thread are basing their "short positions" on since no one here is sharing their methodology.
One would think that a trader would have downside targets in mind ahead of time, instead of simply stating that they are covering their shorts by "covering into the selling" as one person(Trend Fader ) mentioned earlier in this thread.
For example, why would anyone cover an IWM Russell-2000 short position on a day in which the index was down 2.5% and making new lows for the move???
Seems pretty arbitrary to me.
One would think that a trader would have downside targets in mind ahead of time, instead of simply stating that they are covering their shorts by "covering into the selling" as one person(Trend Fader ) mentioned earlier in this thread.
For example, why would anyone cover an IWM Russell-2000 short position on a day in which the index was down 2.5% and making new lows for the move???
Seems pretty arbitrary to me.
Quote from waggie945:
For example, why would anyone cover an IWM Russell-2000 short position on a day in which the index was down 2.5% and making new lows for the move???
Seems pretty arbitrary to me.
I'm sure many are looking at the 50-day MA for most of the major indices as a first target, and we've pretty much hit that spot today. But as for the above question, if I wanted to enter long into this market, a down 2.5% move after several days of selling off would be a pretty good place to start buying.
Quote from waggie945:
I am not sure what people on this thread are basing their "short positions" on since no one here is sharing their methodology.
One would think that a trader would have downside targets in mind ahead of time, instead of simply stating that they are covering their shorts by "covering into the selling" as one person(Trend Fader ) mentioned earlier in this thread.
For example, why would anyone cover an IWM Russell-2000 short position on a day in which the index was down 2.5% and making new lows for the move???
Seems pretty arbitrary to me.
It is arbitary, but unfortunately I was one of them. :eek: One reason for me is that I don't want to have a position for the coming holiday, so I am just parring down. Closed about 20%.
if I wanted to enter long into this market, a down 2.5% move after several days of selling off would be a pretty good place to start buying.
2.5% from the top I presume. Which means
APPROXIMATELY
DOW:10,720*.975=10452
S&P:1,155*.975=1126
NASDAQ:2,155*.975=2101
RUT: 602*.975=586.95
RUI:620*.975=604
RUA: 662*.975=645
DOW:10470/10720=.9766
S&P:1126/1155=.9748
NASDAQ:2014/2155=.9345
RUT:564/602=.936
RUI:602/620=.97
RUA:638/662=.96
2.5% from the top I presume. Which means
APPROXIMATELY
DOW:10,720*.975=10452
S&P:1,155*.975=1126
NASDAQ:2,155*.975=2101
RUT: 602*.975=586.95
RUI:620*.975=604
RUA: 662*.975=645
DOW:10470/10720=.9766
S&P:1126/1155=.9748
NASDAQ:2014/2155=.9345
RUT:564/602=.936
RUI:602/620=.97
RUA:638/662=.96