I'm out of GMCR shorts first thing this morn.It opened in the red this morn but the trend was pushing up.At this time I have no positions.If I do add I will buy some put/calls for protection for swing trades.
cobra, you said that one thing would change your mind that we are not retesting the 8-09 lows is that we go up and up and up
what are your thouhts today. you think we are retesting the lows... ? this week ? this month?
uempel wrote:Yesterday at this time SPX was at the same spot. It's boring and I'm off for a few hours
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I am thinking of taking some time off for few days here too. spend some times in the wild may not be a bad idea.
bullbear, you're my bearish lifeline. trapped in these shorts, and it looks like the bulls will take this market up, even if the volume reads like the market is half dead. lol
GO BULLS!! EXACTLY WHAT COBRA SAID: VOLUME DOES NOT MATTER ANY MORE!!!
Volume may be important for climax sells, but do you remember the rally from September 2010? There was hardly any volume but it went all the way!!
PRICE IS WHAT MATTERS FOOOO
grachu wrote:cobra, you said that one thing would change your mind that we are not retesting the 8-09 lows is that we go up and up and up
what are your thouhts today. you think we are retesting the lows... ? this week ? this month?
Market wants to go higher.
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my target level is 123 on Spy. Both the diamond reversal and Inverted H+S pattern from Fed meeting points to 123.
Then once it reaches target, depending on resistance and indicators, take my profits and dont be greedy... Of course Im in UPRO but watching Spy.