I gotta agree with your email this weekend, MM - I'm usually the optimist, but I think next week is going to be grim, all the technical supports I watch have been broken, RIMM and GS earnings are going to be key. | by DougSF at 10:01pm
Anything can happen. I do know that the rallies in bear market are sudden. Are we in a bear market? not sure but feels like it. I was looking at charts this weekend and man a lot of bank, retail, restraurant stock have been hit hard. | by MarketMonk at 10:17pm
stop moved to BE at 13,403. This time there is some size coming into the market and is between the current price and my stop. Still could get hit. | by MarketMonk at 10:22pm
typo, stop at entry at 13,405 | by MarketMonk at 10:22pm
moving stop to 13,400 (+5 pts) although I had a 22 point gain. S1 is at 359 so have a buy order in at 360. | by MarketMonk at 10:37pm
one major fault I have is that I take profits too early. Just closed out the YM short at 13,375 on that last spike down. Did it for two reasons, 1) the ES and NQ were closer to their repective S1 Pivot support levels and 2) it was a spike down (which could signify a short term exhautive selling). 30 pts or $150 | by MarketMonk at 12:35am
