so should not hold, bulls need a miracle here which they usually would get as some real big money always kicks in at critical time. let's see this time.
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ah i call bull crap. the bots are just making slight lower lows to trigger stops ... triangle is still in play.... we're headed back to the 1333 magnet.
i am done trading for the day. not gonna try to compete against the phd's that program these bots made +10 for the day with half swing short still on...
ok, indeed a miracle at critical time. I see a potential strong rebound here.
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In a nutshell, here's the reality: the entire "prosperity" of the past decade was a false prosperity, constructed entirely of money borrowed by the private sector based on the rising value of McMansions and strip-malls that made no sense except as speculations based on the Federal Reserve's credit-bubble policies and Wall Street's systemic financialization of that debt based on fraud and misrepresentation of risk.
too bad, no miracle. another test on the support, may or may not see rebound but anyway chances are higher and higher now the support won't hold.
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gabor wrote:COBRA, what is your threshold when you push the sell button?
the question is too big. you mean sell my long? you go see my "trading signals", should be clear enough, short-term has no long but short already.
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ok, now i see a clear Descending Triangle, and since the support being test many times, so unless some miracles happen again, the breakout should be on the downside.
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wow apparently i read wrong. i announced a bounce too early. at this moment i don't know what to do, other than sitting aside and watching.
the fight is hot. if 1329.5 lost, there could be more machine sale. then i don't know where we will go. maybe 1300?
i need to take the rest the day off. cya tomorrow
Last edited by soku on Mon May 16, 2011 3:36 pm, edited 1 time in total.
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gabor wrote:COBRA, what is your threshold when you push the sell button?
the question is too big. you mean sell my long? you go see my "trading signals", should be clear enough, short-term has no long but short already.
Are you going to hold short overnight?
most likely.
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another critical time, decisively breakdown would be very bad.
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