Holding shorts in a down market is just as hard as holding them in an up market. You don't want to be greedy but at the same time, you want to be greedy!
I guess everyone has different ways to chart the market. I use the technical analysis a lot, and try to piece it together with some EW counts, the news, and of course the fake prints. Which by the way, we still have some fake prints at 111.30 in the afterhours session from Monday. I think that is our target down, as it will also fill that gap.
I know you don't believe in them, and that's cool too. Either way, that 111.00 area is likely to be hit again, as the TA's tell me that. Today or next week… I don't know, we'll just have too wait and see.
Also glad I got out of my gold short at the close yesterday. If Sundancer is right about the 6% up causing mayhem, we are in trouble.
It's got to break that 115.00 area, as that's great support from all week now. After that, I'd say a flush down to gap fill is next.
I guess we shouldn't be pouring anything until we sell for a profit. Why do I always jinx myself?!
not a whole lot of momentum yet.
Hey… I thought I was the only one allowed too be funny! ROFLMAO… Pour me a glass too!
Anyway, I'm above my breakeven so now I am on my second bottle of champagne!
Holding shorts in a down market is just as hard as holding them in an up market. You don't want to be greedy but at the same time, you want to be greedy!
It may be the French. Just saw report on cnbc, not that they know much.
Seems like when there's a big plunge, it goes lower second day on an intraday basis. Can't always bet on that, though.
I guess everyone has different ways to chart the market. I use the technical analysis a lot, and try to piece it together with some EW counts, the news, and of course the fake prints. Which by the way, we still have some fake prints at 111.30 in the afterhours session from Monday. I think that is our target down, as it will also fill that gap.
I know you don't believe in them, and that's cool too. Either way, that 111.00 area is likely to be hit again, as the TA's tell me that. Today or next week… I don't know, we'll just have too wait and see.