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Strategies & Market Trends : Complacency Indexes

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To: Challo Jeregy who wrote (539)2/19/2002 11:49:06 PM
From: Susan G  Read Replies (1) of 1487
 
I actually held a few contracts shorted end of day...right before the futures closed, but the stop is 2 pts higher than they are trading now and so they are not going anywhere. I'll either be stopped out while sleeping or still in in the morning.

It gives me something to watch in the evening so I don't get trading withdrawals LOL

Tomorrow should be interesting, I'm thinking one of those wicked short covering pops at some point or another, maybe after an initial dip as sell on open orders all hit at once.

Saw somewhere that traders are expecting a pop from the book to bill, but it seems unlikely to me as the futres dipped after the release!

We may get a "train is leaving the station" call that moves the semis though <g>

Plenty of new sheep entering the biz, I witnessed it as this weekend's trading expo. I snickered when someone walked by while saying "What is shorting?" <g>
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