What's your target for the bear rally?

[AMT4SWA]

So when I covered SHORT positions at 1037 you went SHORT at 1065 .......

 

[AMT4SWA]

Quote from AMT4SWA:

Covered 33% of my position at 1037.00 ....... nice drop! :eek:

Covered an additional roughly 17% of my SHORT position at 1018.00 ....holding last half of the position to see how the day goes.

 

[nonlinear5]

Quote from nonlinear5:

I think the top is in. I am short from ES 1065.

Took my profit and reversed to long at 996.5.

 

[AMT4SWA]

Quote from nonlinear5:

Took my profit and reversed to long at 996.5.

What are you trading, the Dec 09 contract......LOL!!!

 

[AMT4SWA]

Quote from tradingbug:

Early in this thread you mentioned that you were looking for Long Term Short trades above 1050. It was a terrific short but I thought you were looking for more long term for this play.......I guess you cant complain with 50 points ES in half an hour though

nice work as usual...another day in the office.

Yes.....for Rydex 200% Inverse S&P500 action. I am holding Rydex fund for Long Term and the ES for a day or two....will see how it goes by EOD for my ES entry if I hold for another day or not.

 

[tradingbug]

Quote from AMT4SWA:

Yes.....for Rydex 200% Inverse S&P500 action. I am holding Rydex fund for Long Term and the ES for a day or two....will see how it goes by EOD for my ES entry.

OK...i got confused

 

[Jahajee]

Quote from tommymoose:

First resistance levels (there are more above, but these have high probability of being reached)

SPX - 1070-1080

DJIA - 10350-10450

NDX - 1585-1625

... within the next month at most

The above are about what I am looking at --- a tad higher --
SPX 1100
DOW 10,500
NDX 1650

 

[nonlinear5]

Quote from nonlinear5:


I think the top is in. I am short from ES 1065.

Took my profit and reversed to long at 996.5.

Short again at 1008.

 

[AMT4SWA]

Quote from AMT4SWA:

Covered an additional roughly 17% of my SHORT position at 1018.00 ....holding last half of the position to see how the day goes.

Second time test of low area I covered roughly 17% at 998.00 .......holding the last 33% of my SHORT ES position.

 

[Landis82]

Quote from cunparis:

I think most of us agree that this is likely a bear rally and that once the market is over it will continue its downtrend.

If so, you probably did like me and went long since the bottom. So what's your target?

I think that we can all agree that you can come up with various fibonacci retracements and previous resistance from the lows of September.

That having been said, I think that it is MUCH MORE important to stay NIMBLE, rather than becoming fixated with a certain number or "target".

This market is moving far faster than anyone has ever experienced.

Stay NIMBLE!