I have no idea when or what the shoe will be but I
think this rally is running on dreams and not reality. So, the
individual stock set ups have been what's been working, that and
playing popped stops on the SPY,DIA,QQQQ but with all the big
events this week and the Mail bomb issue; I think it wise to
lighten up, also, trading was good last week so why not ring the
cash register? you can't go broke taking profits.
Cash is king
Posted by ditch on 1st of Nov 2010 at 10:06 am
In My Humble Opinion, with the FOMC meeting and QE2 along with the elecitons this week, Cash is a great postion to be in for now.
I'm selling everything but GDX over the course of the next 24 hours. "there's always another trade" out there.......
cash
Posted by samspiro on 1st of Nov 2010 at 10:22 am
I tend to agree and i am there right now but i have been saying that for along time. When do you think the shoe will drop?
I have no idea when or
Posted by ditch on 1st of Nov 2010 at 10:41 am
I have no idea when or what the shoe will be but I think this rally is running on dreams and not reality. So, the individual stock set ups have been what's been working, that and playing popped stops on the SPY,DIA,QQQQ but with all the big events this week and the Mail bomb issue; I think it wise to lighten up, also, trading was good last week so why not ring the cash register? you can't go broke taking profits.
Thanks for the input. Guys
Posted by frtaylor on 1st of Nov 2010 at 10:16 am
Thanks for the input. Guys like me need insight from experienced traders!