Friday, February 3, 2012
Quick Short Trade
There is an opportunity for a high percentage short trade here, the market is gapping up 1% on a good nonfarm payrolls number. We are already a bit overextended, I don't this gap holds with the big run up over the past month. I would only look for a day trade, nothing more. Also we're hitting close to strong resistance at 1340-1350.
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9 comments:
Forget it. We ain't going down today. Waiting for 1345 to short.
lol inflation rally. Not much resistance left and we are in clear air. So close now and no pull back in sight. This is not a bear market rally but a real bull market rally.
Tough market: hard to buy into the euphoria, just as difficult to sell it.
So what else is new?
Sell weekly puts on the downticks. If assigned at least you'll be in at a lower price.
"Member" : Downside is coming next week....the upmove is done for now
I am long this market. I have been for a while. But I still have 1/2 in cash.
I don't see any reason to sell my longs. Even if we do pullback I will be adding to them.
I read a comment from someone who said, "this is where all the idiots make $$". I'm guessing because he thinks we are at a top?
I'd rather be a wealthy idiot than a poor cheerleader!! Get in the game.
Go PATS!!!
" Member" : So you are an investor. This is a bull market Agree will go much much higher...but market will pull back next week...
OL DAWG SAYS :
LONG TVIX
Dawg, it's burnt you b4 ..hope it doesn't again!
Theres no way this market is going to break resistance at 1455 after going up this much dawg.
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