overall, i don't like to see today close ugly, which if indeed would be tough call for tomorrow, so rebound here, please...
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well, guess that's it for today, the bigger picture, I still think the rebound is a sell, just hard to call tomorrow now, the last 60 min bar does look ugly. thank you guys, i'll see you tomorrow.
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Cobra wrote:any of you guys paid attention when snake is yawning and when snake gets excited?
YES!! Snake gets excited when a big move is very-very close!!!
Right?
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I have liquidate my July 124 SPY puts after hours for 1.19 and a very small gain. The short-term trend up is in tact and although we may see a lower low, I don't want the puts and would rather focus on buying dips, even on a lower low.
Again, I am not hugely bearish right now, but I doubt we've seen a bottom yet.
There are some non trading reasons for doing this, like the fact that I simply want to raise cash right now for other purchases.
Last edited by cletus on Thu Jun 09, 2011 4:05 pm, edited 2 times in total.
Cobra wrote:goes as planed, this L1 is not a good sign, hopefully it's just a false alarm.
Hi Cobra, still new here. What do you mean by L1, H3, etc? Leg 1? TIA.
go to getting start there's a post there explaining everything.
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