kreem- short term traders could short or do what ever they want,
dodger said that if the SPX
lost 1235that aggressive traders could short, and
the SPX lost 1235 today.
HOWEVER, our #1 goal is to keep
people out of trouble. We more members who work day jobs and who
can't follow the market every tick then we have day traders who
can. Thus we tend to approach most of our analysis with a swing
trade mentality; It would not be prudent for us to suggest swing
trade shorts at this time even though the market could fall lower.
For those who are short they should stay short, but now is not the
time to be entering swing trade shorts that someone who is busy
throught the day could get caught in if the market capitulated and
then rallied hard.
If you are already short, then
super, stay short.
If you are a day trader or very
nimble trader, then short if you wish
If you are a swing trader or
position trader and you are not currently short, now is not the
time to short.
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kreem - short term traders could
Banks are down almost 3%. FRE and FNM are getting clobbered. ...
Posted by matt on 11th of Jul 2008 at 01:05 pm
kreem - short term traders could short or do what ever they want, dodger said that if the SPX lost 1235that aggressive traders could short, and the SPX lost 1235 today.
HOWEVER, our #1 goal is to keep people out of trouble. We more members who work day jobs and who can't follow the market every tick then we have day traders who can. Thus we tend to approach most of our analysis with a swing trade mentality; It would not be prudent for us to suggest swing trade shorts at this time even though the market could fall lower. For those who are short they should stay short, but now is not the time to be entering swing trade shorts that someone who is busy throught the day could get caught in if the market capitulated and then rallied hard.
If you are already short, then super, stay short.
If you are a day trader or very nimble trader, then short if you wish
If you are a swing trader or position trader and you are not currently short, now is not the time to short.