You might be right Jeff? But, I'm not going long at these levels. I'll go long after a 5% correction. And, I'll switch from being a bear to being a bull once the Dow hits 3,000-4,000 in 2011-2012. (Not saying I won't go long between now and then, only that when I do go long I'll still be a bear).
Could be Joe? Anything is possible now, as we don't really have a direction chosen yet. Tonight's post simply states that we could go sideways for awhile, before choosing a direction.
Best of luck to both of us… and thanks for stopping by and posting. Bullish and Bearish opinions are both welcome. That's how we all become better traders.
Hi, my call is we close up this week, as long as the TSX stays above 11300 and the HangSang/Shangai markets stay up will be good to go…. Im long unless 11300 gets broken and I will add more Longs if 11650 is breached….
Could be Joe? Anything is possible now, as we don't really have a direction chosen yet. Tonight's post simply states that we could go sideways for awhile, before choosing a direction.
Best of luck to both of us… and thanks for stopping by and posting. Bullish and Bearish opinions are both welcome. That's how we all become better traders.
Hi, my call is we close up this week, as long as the TSX stays above 11300 and the HangSang/Shangai markets stay up will be good to go…. Im long unless 11300 gets broken and I will add more Longs if 11650 is breached….
Thanks Trader69, I agree that it will most likely be a trend day… down of course. The 60 minute charts look ready to rollover anyway, (and of course they already have), and the daily charts look bearish too.
Yeah, it should have been the lightest trading volume day of the year… because it's a half day of course, and a holiday. But, now I don't think the volume will be that light. I'm pretty sure it will end up as a “Down” day. As to whether on not we get a bounce? Who knows?
I'm going short at the open, and if it bounces… I'll ride it out, as Monday should be bloody!
You might be right Jeff? But, I'm not going long at these levels. I'll go long after a 5% correction. And, I'll switch from being a bear to being a bull once the Dow hits 3,000-4,000 in 2011-2012. (Not saying I won't go long between now and then, only that when I do go long I'll still be a bear).
I think we go higher to lure more shorts in only to stop them out and propel higher. When you guys yell uncle, then itll be time for a pullback
I look forward to us bears having our day Red!
Could be Joe? Anything is possible now, as we don't really have a direction chosen yet. Tonight's post simply states that we could go sideways for awhile, before choosing a direction.
Best of luck to both of us… and thanks for stopping by and posting. Bullish and Bearish opinions are both welcome. That's how we all become better traders.
Red
Hi, my call is we close up this week, as long as the TSX stays above 11300 and the HangSang/Shangai markets stay up will be good to go…. Im long unless 11300 gets broken and I will add more Longs if 11650 is breached….
Lets see how this shakes out
Could be Joe? Anything is possible now, as we don't really have a direction chosen yet. Tonight's post simply states that we could go sideways for awhile, before choosing a direction.
Best of luck to both of us… and thanks for stopping by and posting. Bullish and Bearish opinions are both welcome. That's how we all become better traders.
Red
Hi, my call is we close up this week, as long as the TSX stays above 11300 and the HangSang/Shangai markets stay up will be good to go…. Im long unless 11300 gets broken and I will add more Longs if 11650 is breached….
Lets see how this shakes out
Got the other Astro site you mentioned, thanks, have to study!
Thanks Trader69, I agree that it will most likely be a trend day… down of course. The 60 minute charts look ready to rollover anyway, (and of course they already have), and the daily charts look bearish too.
Red
Yeah, it should have been the lightest trading volume day of the year… because it's a half day of course, and a holiday. But, now I don't think the volume will be that light. I'm pretty sure it will end up as a “Down” day. As to whether on not we get a bounce? Who knows?
I'm going short at the open, and if it bounces… I'll ride it out, as Monday should be bloody!