Thursday, February 18, 2010

Shorting Intraday

I am fading this up move intraday and expect us to close weaker on the day.  My target is 1090.

12 comments:

Anonymous said...

What a battle!
Bulls and bears fighting for 1100 mark.
I would agree with you Owl.


Also, my best guess is a trading range of 1090-1110 for a few weeks. But this can change at anytime.

Anonymous said...

Nobody is ever right calling a range on the market and if you are, it's just coincidence. I don't even bother. I just wonder up or down, at least you have a 50% chance.

Anonymous said...

Anon- no shit.

Why do you think i put "my best GUESS".

Anonymous said...

Sorry I'm just pisssed off because I've been looking at MIPI for 2 weeks and I didn't buy a single share. And I was looking at it 30 minutes ago when it was 1.21 and still didn't buy it.

Anyways I think if we don't go down today, greater than 50% chance we're gonna go start making a W on the chart. Higher

Anonymous said...

DAytrade LONG XNPT @ 6.49

OL DAWG

nicasurfer said...

This is worrying me from the short side. The dollar is creating a bearish divergence.

Which could spark a sellof and push us up higher.

Petsamo said...

1090 finish on SPX will give me comfort

Anonymous said...

Short's not working. I"m selling EDZ unless we close below 1100.

Anonymous said...

MarketOwl, your call on the morning false break was correct. But what's going on now? Another rip to shake out the shorts or we're just not going down? What's your opinion of today's late action?e

Anonymous said...

Sold XNPT @ 6.77

OL DAWG

Anonymous said...

Dawg, I followed your trade on XNPT. What to do with EDZ now? After this one I think I have to give up on day trading because I have to get back to work.

Anonymous said...

I don't know. It's up to you if you want to lose 20 cents here and close the trade. It's not a big loss. I'm gonna hold it and see if it gets to 5.19. I'll average down there. I don't see the market going up past tomorrow. We're already overbought now.