I didn't assume there was a trade, I was asking for an opinion
about the possibility of the system exiting today base on his
earlier comment about a move lower on that day. Just trying to plan
for some of these exits...some brokers wont let you trade after
hours. An Update after a severe draw down isn't unreasonable to
expect.
I didn't say your question was unreasonable but if you think
about what you asked that is already what we do. So if we
deemed there was a "possibility of the system exiting today" then
we would have sent an alert.
Now going forward today with what looks to be a large gap down
morning I would say that the odds of the system covering all shorts
at the close is very high. After the open we will have a
better gauge of price ranges as well as what certain holding
indicators are saying and if they are deciding to hold the short
longer or not. About an hour after the open I will take a
look at the system and if I can send the alert then to give people
time to prepare I will, if there is still some uncertainty then I
will just post on the board an update.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I didn't assume there was
SPY trade comments
Posted by klatuu on 31st of Oct 2011 at 04:14 pm
I didn't assume there was a trade, I was asking for an opinion about the possibility of the system exiting today base on his earlier comment about a move lower on that day. Just trying to plan for some of these exits...some brokers wont let you trade after hours. An Update after a severe draw down isn't unreasonable to expect.
I didn't say your question
Posted by tom on 1st of Nov 2011 at 07:37 am
I didn't say your question was unreasonable but if you think about what you asked that is already what we do. So if we deemed there was a "possibility of the system exiting today" then we would have sent an alert.
Now going forward today with what looks to be a large gap down morning I would say that the odds of the system covering all shorts at the close is very high. After the open we will have a better gauge of price ranges as well as what certain holding indicators are saying and if they are deciding to hold the short longer or not. About an hour after the open I will take a look at the system and if I can send the alert then to give people time to prepare I will, if there is still some uncertainty then I will just post on the board an update.