Rande, alert 4DML possibility,
I'm not sure about the parameters, but yesterday gapped open 50 points and closed at the low of the day. as we know, its possible that longs still have more squeezing. As of last week, the committment of traders report still showed commercial S&P traders holding record short positions, and retail S&P traders holding record long positions. Not a pretty thought when you consider that the S&P's and the DOW have just now broken out of their trading ranges to the downside.
Sorry to keep harping on this 4DML thing, as you have mentioned that it is not of primary interest to you in one of your last posts to me when I mentioned agreeing with mouffassa last week about the 4DML which did indeed happen
Anyway, some of our favorite traders got hammered yesterday NTAP down from an open over 23 to a close under 19 BEAS up over 38 down under 31 etc, etc, ..
I sincerely hope this market doesnt sell of dramatically from here, but it is entirely possible, and I just want to do my part to help longs protect themselves. I lost 75% of my portfolio in Dec and Jan thinking I knew where a bottom to this market was. and each time, it happened in a matter of a few dayz being in large long positions in these 4DML squeezes.. I have felt tremendous pain, and am just trying to do my part to contribute to this community and hopefully help some others to protect their portfolio's
I have also joined a trading room and learned to short. which has been the single most valuable lesson of the last few months. my portfolio is actually moving in the right direction again.
thanks to all who contribute
rok |
