fwiw, I took a short options position late yesterday and closed
it very profitably today.
You not only need to know whether some one is long or short but
also their time horizon.
If I had been fast enough, I would have gone long at 1067 and
closed at the end of day for another nice little trade.
Long or short, I think you have to have iron guts to hold
overnight right now! As for tops, I think Wed's 1184 top may have
been all she wrote. but i need a lot more info and confirmations
which just are not there yet before I bet the farm and hold for
several days or weeks.
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vdanato - support held on
Another hit on the chin for those who continually want to short this uptrend
Posted by matt on 14th of Oct 2010 at 04:13 pm
vdanato - support held on the 60 min chart, talked about it all day. as far as I know, the only person short here is or was marketguy,
Most here are playing the trend, playing the watchlist longs, no one posted today about shorting the market.
People here need to stop worrying about what others are doing or not doing and focus on their own trading and post trade ideas and analysis
agree Matt, maybe it just seems like more cause he posts 50 times a night...
Posted by vdonato on 14th of Oct 2010 at 04:15 pm
Keep up the good work, love the new additions to the website..
I was short
Posted by perthx on 14th of Oct 2010 at 05:12 pm
fwiw, I took a short options position late yesterday and closed it very profitably today.
You not only need to know whether some one is long or short but also their time horizon.
If I had been fast enough, I would have gone long at 1067 and closed at the end of day for another nice little trade.
Long or short, I think you have to have iron guts to hold overnight right now! As for tops, I think Wed's 1184 top may have been all she wrote. but i need a lot more info and confirmations which just are not there yet before I bet the farm and hold for several days or weeks.