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What's your target for the bear rally?
- Thread starter cunparis
- Start date
recouping losses
Tons of econ data due this week
http://biz.yahoo.com/c/e.html
The bar is set really low. A whiff of good news can send the dow up 400 poitns easly. This is really a good time to cover all shorts and puts.
Tons of econ data due this week
http://biz.yahoo.com/c/e.html
The bar is set really low. A whiff of good news can send the dow up 400 poitns easly. This is really a good time to cover all shorts and puts.
Quote from AMT4SWA:
Yeap....978.00 tagged....my SHORT ES position is now flat.
I did cover 33% of my Rydex 200% Inverse S&P500 position as the ES started trading below 980.00 .....the rest I will hold and just see how things go in the days ahead (since we had a significant sell-off from the open I did want to lock in some profits. Never know what new govt program may get announced overnight....LOL!).
HA...overnight govt intervention is becoming the norm.
It seems that you don't really use hard stops but more watch to see how things/sequences go?
I kind of trade zones.....if price trades against me out of the zone I am willing to enter the trade, then I just flatten. If the trade starts to work in the direction I want, then I have zones that I would take profits from already in mind. I look for signals from the methods I use in the zone that I am watching for a price reaction.
Quote from drcbc15:
I think we have a long ways to go before we see a bottom. This is one bounce on a long fall down to 750 for the ES. The fundamentals have not changed with the Feds actions, they are simply band aids to make the pain feel better TEMPORARILY.
Selling rallies, I am.......
LOL you are wrong. INTC surging in after hours after beating estimate, which further proves that tech is immune from this fake credit crisis and mental recession, and that the fundamentals of the US economy are as strong now as they were in June 2007.
Quote from stock_trad3r:
LOL you are wrong. INTC surging in after hours after beating estimate, which further proves that tech is immune from this fake credit crisis and mental recession, and that the fundamentals of the US economy are as strong now as they were in June 2007.
What about unemployment? From what I saw the latest numbers weren't good at all.
Covered another 17% of my Rydex 200% Inverse S&P500 position with the DOW trading around -350.........holding the last 50% of my position for possible additional downside movement (want to lock in good profits on half the position as of now).Quote from AMT4SWA:
Yeap....978.00 tagged....my SHORT ES position is now flat.
I did cover 33% of my Rydex 200% Inverse S&P500 position as the ES started trading below 980.00 .....the rest I will hold and just see how things go in the days ahead (since we had a significant sell-off from the open I did want to lock in some profits. Never know what new govt program may get announced overnight....LOL!).
The dow is still well above last fridays close