Firstly, what I think is big vs what you think is big does not matter. If you're the trader & it feels big to you, then IT'S BIG. So please go back & review my first piece of advice(this is some painful experience talking here). Enter the position slowly, adding to winners.
re: top of Trendline @ 7000, you HAD been talking about CAT. Are you now talking about the Dow? I'm assuming Dow – my long-term objective is probably around 4500 or lower…….UBER Bear here.
….and 'newbies' shouldn't be taking 'big' positions of ANY kind (other than cash)…..even 'oldbies' are well advised toenter a trade gradually as it performs as expected, exiting rapidly if it does not.
Point taken will heed! Sorry i meant $70 – wish i knew how to post charts here it would be much easier but ive got rising parallel trendlines for CAT bottom is at @$60.88 and top at@$70 because we had shot so low beneath the bottom i thought it was heading south but from what Leo says it sounds more like going to $70
Firstly, what I think is big vs what you think is big does not matter. If you're the trader & it feels big to you, then IT'S BIG. So please go back & review my first piece of advice(this is some painful experience talking here). Enter the position slowly, adding to winners.
re: top of Trendline @ 7000, you HAD been talking about CAT. Are you now talking about the Dow? I'm assuming Dow – my long-term objective is probably around 4500 or lower…….UBER Bear here.
….and 'newbies' shouldn't be taking 'big' positions of ANY kind (other than cash)…..even 'oldbies' are well advised toenter a trade gradually as it performs as expected, exiting rapidly if it does not.
Firstly, what I think is big vs what you think is big does not matter. If you're the trader & it feels big to you, then IT'S BIG. So please go back & review my first piece of advice(this is some painful experience talking here). Enter the position slowly, adding to winners.
re: top of Trendline @ 7000, you HAD been talking about CAT. Are you now talking about the Dow? I'm assuming Dow – my long-term objective is probably around 4500 or lower…….UBER Bear here.
Thanks for your concern and advice which also is much appreciated – Fear not though I think that my idea of “big” might vary somwhat from your own.
Leo was on the nail though – i have got a top of Trendline at @7,000 do you think it will get there?
Great Post Red!
….and 'newbies' shouldn't be taking 'big' positions of ANY kind (other than cash)…..even 'oldbies' are well advised toenter a trade gradually as it performs as expected, exiting rapidly if it does not.
No specific opinion – I'm more of a macro conviction sort of guy and I'm bearish the world….but Good Luck!
Point taken will heed!
Sorry i meant $70 – wish i knew how to post charts here it would be much easier but ive got rising parallel trendlines for CAT bottom is at @$60.88 and top at@$70 because we had shot so low beneath the bottom i thought it was heading south but from what Leo says it sounds more like going to $70
Firstly, what I think is big vs what you think is big does not matter. If you're the trader & it feels big to you, then IT'S BIG. So please go back & review my first piece of advice(this is some painful experience talking here). Enter the position slowly, adding to winners.
re: top of Trendline @ 7000, you HAD been talking about CAT. Are you now talking about the Dow? I'm assuming Dow – my long-term objective is probably around 4500 or lower…….UBER Bear here.
Thanks for your concern and advice which also is much appreciated – Fear not though I think that my idea of “big” might vary somwhat from your own.
Leo was on the nail though – i have got a top of Trendline at @7,000 do you think it will get there?
Great Post Red!
….and 'newbies' shouldn't be taking 'big' positions of ANY kind (other than cash)…..even 'oldbies' are well advised toenter a trade gradually as it performs as expected, exiting rapidly if it does not.