time to go short ? lots of bearish engulfing candlesticks on many charts - PCLN , GOOG , AMZN , SOHU , OPEN , NFLX , etc.
what od u think ??
Well, I set a sell stop somewhere only if bears show further strength, would I then be a bear.
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still hold on the support. critical time, let's wait to see if further breakdown or the low was it.
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If all are agreed that some form of TOP is in then what is better than the Fibo to tell us where the support should be before hell breaks lose. me think bigh fight is lie along the 78.6% area, what say ye?
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My comments are for entertainment/educational purpose only. NOT a trade advice.
AK84 wrote:is the short term trend down now ? or are we still buying the dips ?
helpppp . getting crushed on some longs today
..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.
AK84 wrote:is the short term trend down now ? or are we still buying the dips ?
helpppp . getting crushed on some longs today
..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.
Thanks ! I do options on single stock names and try to find momentum trades ...usually trade the regular bunch - amzn, aapl , nflx, bidu , pcln , etc. so my holding period is usually 1-2 days MAX. i knew I should have closed all my calls before close yday ....bad move there
just confused on what to do now since most of the names above will probably close the day with a huge bearish engulfing that could be scary in the short term....