Who is going SHORT or LONG into the election tomorrow?
- Thread starter AMT4SWA
- Start date
looks like the trend has switched....took a short in the high 70's hoping for some follow thru down over the next few days.
Now that the vine looks to be swinging your way, what places are you looking for to start taking profits?
that call about the ES poking its head above 1000 and then rolling over was niiiiiiiiiiiiice.
that call about the ES poking its head above 1000 and then rolling over was niiiiiiiiiiiiice.
Thanks......It has been a juggling act trading the big sell off I was anticipating and also traveling. I flew up to Minneapolis yesterday all while trying to manage SHORT ES positions and also watching the market in general. I flattened all my remaining ES positions today near the close, and I also covered 33% of my Rydex 200% Inverse S&P500 positions at that time......we will see what is ahead.
Looks like the psychological affect of the 1000 level mixed with all the hanging uncertainty did work out well as a SHORTable resistance level.
One other thought to mention......this leg down COULD (I say could) be the big sell-off leg I have been looking for. Yes, yes, we have had a horrendous selling period so far, but I am talking about a real PANIC down leg which should finally create massive capitulation on a very GRAND SCALE.....unfortunately, with shocking levels of financial destruction (more firms going BUST).
We will see!
We will see!
