It would certainly peeve me off, after selling out my shorts. But at least I will have a relaxed weekend, knowing I do not have any positions in the market
Sold out my shorts from 1175 at 1169 I will reload up possibly on the long side Monday morning. I suspect the big boys are going to want to get rid of all the short by ramp-ping up the markets past the 1208 level. I am sure a lot of shorts will be sitting their to be plucked as the markets head upward.
The timing of Hurricane Irene over the weekend is of big concern gang. This rally today has got all the short term charts overbought… and the daily could just as easily rollover anytime too. What “if” this is all planned and we have a major disaster over the weekend… causing the market to crash on Monday? It would take most traders by surprise I believe… just thinking out loud here.
I was thinking the same thing.
QQQ R1 54.5, then 55’S
http://zstock7.com/?p=5341
I chose to stay flat, but Monday doesn’t look good to me.
It would certainly peeve me off, after selling out my shorts. But at least I will have a relaxed weekend, knowing I do not have any positions in the market
I do not have the same feel for the gold market, as I do for the SP 500
Gold broke through resistance, so I wouldn’t be shorting it anytime soon…
Its probably a good idea. I just want to release my self from the market over the weekend. Relax, refreshed and ready to go Monday morning.
All the best
I am going to wait until Monday to do it, IF I do it at all.
Sold out my shorts from 1175 at 1169 I will reload up possibly on the long side Monday morning. I suspect the big boys are going to want to get rid of all the short by ramp-ping up the markets past the 1208 level. I am sure a lot of shorts will be sitting their to be plucked as the markets head upward.
The timing of Hurricane Irene over the weekend is of big concern gang. This rally today has got all the short term charts overbought… and the daily could just as easily rollover anytime too. What “if” this is all planned and we have a major disaster over the weekend… causing the market to crash on Monday? It would take most traders by surprise I believe… just thinking out loud here.