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Strategies & Market Trends : TOO BULL FOR SCHOOL! -- Ignore unavailable to you. Want to Upgrade?

To: happy_camper who wrote (432)6/29/2010 10:49:07 AM
From: MoneyFriend_2.0  Read Replies (1) | Respond to of 880
 
A daily close < 1023 I will go flat, will watch for inevitable retest of 1090, buy 1060, get cute and try to short around 1090, probably loose on the short, market then runs to 1150, hopefully was able reverese and catch 1110 to 1150, probably wish i just stayed in. LOL! But in all honesty, I don't expect that chit to ever happen. I avoid jumping out of good r/r positions like this as much as possible. Thinking about it again, I'd probably just stay long my high beta chit and chort the dow to hedge myself. I am in all RUT and NDX MID etc



To: happy_camper who wrote (432)6/29/2010 10:52:30 AM
From: zentrader  Read Replies (1) | Respond to of 880
 
First off there is no point fantasizing about something that will NEVER happen. But in a fantasyland if we dropped below 1020 SPX then I would have to get defensive... BUT like I said there is ZERO chance of that happening.


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