well I'm sure delane would tell you to sell them and go long :),
but do what you feel comfortable with, no one knows exactly what's
going to happen here. Depends on if you want to give them some room
such as the broken trendlines or not. At the very least have
an exit plan or stops in mind. If you feel uncormforable,
then sell them.
matt and steve are, i just report what Im hearing from my hedgie
friends. again, Im not a technician, thats why i suscribe
here. Not going to report whatmy friends are saying
anymore, you guys wouldnt believe their numbers anyways.
I barely do. :)
perhaps you could buy your hedgie friends a subscription to this
site so they know when to buy and when not to buy. Then hopefully
their commodity funds wouldn't go belly up and so resources
stocks could actually reflect fundamentals based on china
rather than including a great big discount due to anticipated fire
sales by your hedgie friends.
S&P 500 5min chart.png in a perfect
Posted by matt on 8th of Sep 2008 at 02:35 pm
in a perfect channel, watch 1260 and the trenlines
S&P 500 5min chart.png S&P broke
Posted by matt on 8th of Sep 2008 at 03:36 pm
S&P broke over 1260, would have provided a nice trade for anyone
Also, anyone holding ultra short ETF's today but was nervous could have got out or reduced exposure today
do you suggest reducing exposure
Posted by robincage1 on 8th of Sep 2008 at 03:48 pm
do you suggest reducing exposure to shorts with todays action???
well I'm sure delane would
Posted by matt on 8th of Sep 2008 at 03:59 pm
well I'm sure delane would tell you to sell them and go long :), but do what you feel comfortable with, no one knows exactly what's going to happen here. Depends on if you want to give them some room such as the broken trendlines or not. At the very least have an exit plan or stops in mind. If you feel uncormforable, then sell them.
I am not a technician
Posted by delane on 8th of Sep 2008 at 04:03 pm
matt and steve are, i just report what Im hearing from my hedgie friends. again, Im not a technician, thats why i suscribe here. Not going to report whatmy friends are saying anymore, you guys wouldnt believe their numbers anyways. I barely do. :)
perhaps you could buy your
Posted by pepperwu on 8th of Sep 2008 at 04:54 pm
perhaps you could buy your hedgie friends a subscription to this site so they know when to buy and when not to buy. Then hopefully their commodity funds wouldn't go belly up and so resources stocks could actually reflect fundamentals based on china rather than including a great big discount due to anticipated fire sales by your hedgie friends.
I love your comments delane,
Posted by cwa82675 on 8th of Sep 2008 at 04:30 pm
I love your comments delane, keep them coming. I am always curious to look through the eyes of hedgies!
Ditto
Posted by cdjd on 8th of Sep 2008 at 04:34 pm
Ditto
probably a good idea. Our
Posted by Michael on 8th of Sep 2008 at 04:09 pm
probably a good idea. Our own opinions aren't worth that much, let alone the opinions of our friends
S&P 500 5min chart
Posted by timwilson on 8th of Sep 2008 at 03:11 pm
guess the flat channel is wave B with a C back up to retest the trendline one last time left to go?Tim