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Well then look at the data and be convinced that way, instead. Look at the monthly closes for the past several months and consider what a short would have done for you, had you gone against the "month end is up, so buy" crowd. Just sayin'.bbc wrote:I don't think the risk/reward is attractive to short at the end of June, not to mention today's market.agnosia wrote:sweet ... good luck to you sir. keep stops tight, i think this rally is much more than window dressing now since everyone thinks the greece problem is solved... hopefully the vote won't go throughAnaconda wrote:Nice. My short is back on.agnosia wrote:ok my /es target has been reached for today's day trade. still keeping a swing on because i think we get to 1313...
i think nobody expects the vote would fail.TexasGordon wrote:lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.
Agreed, it's priced in already. Hence the Euro and market action over the past few days. Could be a sell the news type day tomorrow.Cobra wrote:i think nobody expects the vote would fail.TexasGordon wrote:lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.
The mkt may have discounted this during the last 2 days.Cobra wrote:i think nobody expects the vote would fail.TexasGordon wrote:lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.
yep anaconda has a point. ever since that article in the WSJ came out a few months ago about first of month rallies it stopped working. now they either rally it up a few days before the end of the month then sell on the first.Anaconda wrote: Well then look at the data and be convinced that way, instead. Look at the monthly closes for the past several months and consider what a short would have done for you, had you gone against the "month end is up, so buy" crowd. Just sayin'.
A.
Be careful, nothing is certain. No one thought the (initial) TARP vote would fail either. I remember very clearly because I was very long.Cobra wrote:i think nobody expects the vote would fail.TexasGordon wrote:lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.
Given the complex H&S bottom S&P is forming, that is a reasonable level for a pullback this week.KENA wrote:No one has said anything on the phantom dn pop to127.96 made at 12:50. I don't put to much faith in them but I have seen they do work sometimes. Let see.
Is tomorrow 5:00 AM EST?TexasGordon wrote:lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.
could be bait and switch, IOC orders flashing.agnosia wrote:i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.
shorted at 91.5 as planned. show me some movement! to cover at 1284.75soku wrote:this market is boring. since 10:00 we don't have any significant move. indicators are negative while price is stubborn. 1 is dragging the other.soku wrote:good data, no significant movement. interesting
key points ahead are 84.75 and 90.5
as a trader, i need fluctuation and volatility. hope my short will be triggered this time
I think the vote is today.pablorynx wrote:tomorrow, the vote is on whether to vote on the austerity package. That vote occurs on thursday.
at 3amEST, (10am local time) will start the session, but there is no fixed time for the occurence of the vote.
yep. true.bbc wrote:could be bait and switch, IOC orders flashing.agnosia wrote:i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.