Ask DrBob Message Board - Msg: 25193634

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Strategies & Market Trends : Ask DrBob

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From: shadows	11/20/2008 5:08:31 PM
	1 Recommendation Read Replies (1) of 100058

As I've been banging on about the SnP target of 750ish for sometime,I'm now long at 752.3 in front of what is likely to be the Friday/Monday Capitulation trade we've all been waiting for!Just my luck,but I had to have a go down here,admittedly with the protection of a tight stop. Option Expiry tomorrow as well,so it shld be one hell of a day for traders.I will be looking to buy the crash all the way down to 600ish if necessary,a target I had pencilled in for 2009! Oil by the way is now 100 bucks off its highs,a commodity I started shorting at $105(on the way up to $147)as this Board may recall!Made a tidy bit of money eventually,but it reminded me that trading is not only an art form but bloody hard/nerve-wracking work! JMHO and Good Trading to all the next few days.

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