Quote:
Originally Posted by mact3333
sell off near the open was to shake off weak longs....as noted last night, addded to my longs at the open...mkts dont trade on news...90% of the news is tailored to the price action...there are a few exceptions like when govts announce QE and etc but this is infrequent.
I am not looking for 1300 for upside...thats too high...will let you know when I sell longs.
No need to try to catch the exact low or high cause it isnt going to happen...unless you are a day trader, dont play the ST...money is made playing IT and LT.
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It was the better decision made today for me. Was holding on to MS, and every single bank stock is down today.
Quote:
Originally Posted by MEMMEZZ
Vanity, why does your post count never change from 107?
Sorry getting a little off topic lol.
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Off Topic section doesn't add to your post count. I don't really post anywhere else, more just browse the other sections of the site.
Quote:
Originally Posted by mact3333
peeled off longs at ES 1199 level...gonna watch for now.
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Spx cleared 1200 level but I'm not expecting this to go much longer. Might jump into some shorts t the end of the day. What does everyone else have planned?
I figure if we begin the descent tomorrow at market open, we can retest October lows up until the EU summit. Then a rally till Christmas could be worked in thereafter. Appears to me, ATM, the most logical timeline. Chime in guys, especially the lurkers
