Go Long Now is Suicidal ZT
-it.uncle(路遥);
2008-12-14(#63193@43)
It depends on how long is long. Most of the time, I am interested only the current day and the next day. :D
-moneygrubber(Angler);
2008-12-14(#63195@43)
Better not hold over night. Market is having a trouble to find buyers. The light volume tells a lot.
-it.uncle(路遥);
2008-12-14(#63198@43)
Good job.
-changfa(wavefighter);
2008-12-14(#63196@43)
I did some TA work this weekend and I was trying to review my standing point by looking at the foundamental side. But I could not find any reason why the market should break the heavy resistance. Market needs a huge good news to pop it up
-it.uncle(路遥);
2008-12-14{156}(#63199@43)
Yes. In addition, the gaps on Dec9, Dec10, and Dec11 look like exhaustion gaps. However, Is Dec12's gap a downside gap? If so, does that mean the down trend won't go below that gap immediately so that the new low won't be tested at least next week?
-2yue(二月莺飞);
2008-12-14(#63209@43)
Do not know. I only know moving up will meet heavy resistance. Lot of good chance to make profit by shorting. If some how, it can not hold above the blue support line, then it will go down and try to find support at fibonacci retracement line.
-it.uncle(路遥);
2008-12-14(#63210@43)
Actually, I am kind of hoping the bull can push the index into a higher range so the institutional shorts will come out and play. Also this bull push will make the shorting profitable room even bigger. But, this is definitely not the time to LONG.
-it.uncle(路遥);
2008-12-14(#63211@43)
Does Christmas Rally happen every year?
-changfa(wavefighter);
2008-12-14(#63222@43)
Well, do not know. But I think if by any chance SPX reaches 930, that is where I will feel very safe to short. For the people who want to do swing trade, you are safe to build up hsd from here.
-it.uncle(路遥);
2008-12-14(#63225@43)
Asian markets got a jump-start. Mayby that is the beginning of Xmas Rally?
-changfa(wavefighter);
2008-12-14(#63239@43)
Remember Asian crashed on its Friday trade? It is the response to American' Friday trade. I tdo not see any good news for tomorrow. Tomorrow, Bulls will have a weak start, weak progress, good to DT.
-it.uncle(路遥);
2008-12-14{433}(#63243@43)
If Bulls really want to hold a Xmas Rally, it has to pull back and re-test its Friday low and then build up strength and make a huge push up( short Squeeze). Otherwise, with so many Shorts waiting to ambush on the road, Bulls will have a bloody journey.
So, it is also a killing for Bears if you hold something over night before SPX makes through 930( it is all about 3 big automakers). Bulls could make a final huge move by this.
If you still did not pay so-called "tuition, you are genius already. I had a bad experience in early October. I gained over 20K one day and lost more than that next day. After that lesson, I just do DT most of time.
-changfa(wavefighter);
2008-12-14(#63244@43)
From my experience, $5000 is not enough for DT. You need a large number of shares. Even a small gain per share, you still gain some. For DT, three factors are good timing, large shares and short time.
-changfa(wavefighter);
2008-12-14(#63249@43)
No. All Cash. I do not hold anything more than 4 hours. Last week, most of my positions were held only for 1~2 hours. Then cach back again.
-it.uncle(路遥);
2008-12-14(#63208@43)