Thyme to short

[doomsdayza]

not sure about that, but you could neutralise interest (views fitting) by shorting 1.461 times more than you long.

[topgun]

Yip, quite a rush to trade TOPDWJ's and TOPDWX's. Scalping in front of the proverbial steamroller with plenty of gearing...much fun in a sideways tracking market...but beware!

[Ninja]

Ok , so the markets tracking sideways and all the traders sitting with CFDS and SSF's are feeling like they have had their bank accounts mauled by T Rex......my suggestion would be to exit these positions and save the interest. Why not scalp the Dow, FTSE and big forex pairs such as $/Euro? Your cost in is 1 pip and your cost out is 1 pip. thats it. If you scalp 30-50 points your risk is very low, your costs non existent, you do not get screwed on interest. Why oh why trade CFD's at a cost of 0.7% plus in a sideways tracking market?? This is not a hobby, it is a tough tough business - trade where your costs are low and your upside is unlimited and your range of markets far broader....if the JSE is sitting and the Dow is sitting....why not trade the $/Yen or the Ozzie exchange - look for a market that is active and trade that market on low costs as opposed to sticking with a stalled market at exhorbitant costs! As always, may the charts be with you.

[Asher]

did you quit when that happened to you?

[HateGauteng]

Are you gap traders expecting a gap close downwards today?

[SimonPB]

traders expect nothing .. they respond to price moves ..

[Werner_1]

Hows those shorts doing today?

[theyoungster]

Lol maybe im just stupid?,but all my shares are going up and have been doing so for a while, WHL up 34% since november 2009, reaching new highs every day....so where is this market with no direction?? I see an uptrend - and with shares paying dividends and my longer term strategy Im not really worried about chasing 2-3% and using huge leverage products to make it worth chasing those 2-3% the ultra lazy trading system is : buy index's and hold !! do expect corrections but i'll just hold on good luck to those shorts/counter trend traders

[divz]

When the Dow hits 10780 we could see a potential double top.IMO if there is going to be a correction(for which i think we are due) in this market it will be then. Thats 80 odd points away. Volumes have been a little thin the last couple of weeks it seems as if many sitting on the sidelines waiting for the correction. I have a few longs and must say getting a little twitchy.

[HateGauteng]

Does the Dow need to replicate its recent high (exactly) for a potential double top? Currently the Dow seems to be trading at a high enough resistance level.

[Ninja]

Technically the Dow has a target to 10900 in the short term (Inverse H&S pattern) WE are seeing neg divergance on the oscilators so expect a pullback to 10500 before the run up to 10900. The double top at 10730 will probably start the correction down to 10500/10450 however don't expect a major move down, the consolidation over the last week or so is a bullish indicator. If you are trading the Dow intra day there is easy profit waiting for you at the 10730 mark. IMO and may the charts be with you.

[HateGauteng]

Dow just closed above 10725 which was Jan's high. I don't have the chart but I think the new high closes on the DJIA and DJ transport index confirms a bull market. My shorts are soooooo f'ed. Please let me know if I'm wrong.

[#13]

I'll let you know in 6 months time - with 100% accuracy.

[Ninja]

Dow retreated nicely from the 10770 level for a nice quick easy 20 point - at $50 per point you just banked $1000 in 20 minutes...