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New target for short 29850

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Not applicable
Previous trade bagged 200 points on short. Reshort on any strength and especially on any gap close.
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50 REPLIES 50
Not applicable
reshort at gap close just above 30300
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sponono
Super Contributor
wrong, wrong, wrong: the trend is up going short is not very smart. my medium term target is still 35,000 points.
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Not applicable
we will let the market decide whos wrong or right shall we?
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Not applicable
What gaps are you talking about or is my inexperience actually ignorance?
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Not applicable
the futures market gapped down about 100 points - extended that and then closed the gap at Friday close of 30319.
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Not applicable
sponono - i suggest you reserve you cries of "wrong,wrong.wrong!" as a chant to relieve the pain on the elevator ride down.
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richardw
Super Contributor
Hmm. Chalsi and I seem to be of the same opinion. Alarming, it is.

However, I'm up to a possible temporary bounce if the ECB and IIF kiss and make up. If they seriously can't agree, take Chalsi's elevator to the basement.
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Not applicable
they all see the light eventually
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richardw
Super Contributor
Depends on where the light comes from.
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Not applicable
personally i dont care - light always illuminates - always
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SimonPB
Valued Contributor
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Not applicable
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Not applicable
It appears that there have only been about 7500 contracts traded on Alsi so far! Is this normal for this time of day or is today a bit slow?
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sponono
Super Contributor
where's your stop loss?
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Electrox
Super Contributor
there is no wrong or right.. theres only a stop and profit target. for some 50pts a move is enough to make them feel like they right in terms of direction and prediction..for some its the average daily range and catching 200-500pts.. no need to compete,cause no1 gives a hoot about your money or your ideas imposed on the market..only you should.
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Not applicable
quite right spoken like a pro. However just to clarify - my longer term target is some 2000 points lower so not only is this call for a short term short (on which I have already taken profit) it is a longer term call as well.
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Electrox
Super Contributor
when you say "longer term target" is that just and idea imposed on the chart or is your money on the game? for that whole 2000pts target?
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Not applicable
money on the game for longer term portfolio. Shorter term account will continue to look for the 100 -200 point shorts. (or long scalps)
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Fredsed
Super Contributor
So losses are ignored or carried forward in that other book. This way we will always be winners. Subscribe now, members needed to finance the other book.
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