oldpigwang wrote:Cobra: Do you see this is the time to enter spy/fas put yet?
I cannot say.
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new intraday high after 10:30am ET, so 90% chances Close > Open today. try not to fight the trend unless you know what you're doing.
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volume surge, biggest bar, so could be a little exhaustion, hopefully a pullback of some kind here.
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"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."
btw i am long some /gc @ 1720 looking for a move up to 1780. might get bumpy though.
As a rule I would never short a bull market. I believe gold has just bottom of off $1535 and with all this money being thrown at Greece and who know maybe Italy gold may just go into another parabolic rise.