Posted by pcampbell66 on 3rd of Sep 2008 at 12:34 am
Did you happen to notice the DIP in the NASDAQ...? I certainly
would not call that a DIP nor would i
call disastrously engulfing a dip...nor would I
watch professional traders pump the market this am to trap bears
and then dump the market to traps bulls alike - a long tradable
market..the last time this happened was in May just before the last
major down turn...this down run will be far more surprising than
most think, especially given the horrible action today...personally
i do not care if the market is going up...i trade long and down i
trade short...i mostly trade futures so i am not particularly
motiviated by the trend for swing trades...but I do think that
given my experience trading ER2 and YM, NQ futures today was more
than a shot accross the bow and additionally...we STILL can not
break our ascending low's resistance line.
Be-careful, committing and holding longs...shorts are
less risky overall in my opinion. when I long my positions are 1/4
to 1/3 the size of my shorts
Good luck with your trades...I really hope that you make
money...but be careful and don't be confident...this is not a
market for confidence.
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buying all dips
Bears are going to have a hard time tomorrow
Posted by delane on 2nd of Sep 2008 at 05:51 pm
Im opposite your trade. all the way
Did you happen to notice
Posted by pcampbell66 on 3rd of Sep 2008 at 12:34 am
Did you happen to notice the DIP in the NASDAQ...? I certainly would not call that a DIP nor would i call disastrously engulfing a dip...nor would I watch professional traders pump the market this am to trap bears and then dump the market to traps bulls alike - a long tradable market..the last time this happened was in May just before the last major down turn...this down run will be far more surprising than most think, especially given the horrible action today...personally i do not care if the market is going up...i trade long and down i trade short...i mostly trade futures so i am not particularly motiviated by the trend for swing trades...but I do think that given my experience trading ER2 and YM, NQ futures today was more than a shot accross the bow and additionally...we STILL can not break our ascending low's resistance line.
Be-careful, committing and holding longs...shorts are less risky overall in my opinion. when I long my positions are 1/4 to 1/3 the size of my shorts
Good luck with your trades...I really hope that you make money...but be careful and don't be confident...this is not a market for confidence.