In the afternoon, I resumed trading and got caught in the
downdraft of SDS. I held overnight thinking that resistance was
fast approaching and I could recover (hopefully). My average cost
is 86.50 and SDS closed at 85.14 This morning I see a recovery
premarket to 86.31. The question is whether or not I sell at the
open when we should reach indicator extremes and rebuy on a
retracement down. any suggestions?
In the afternoon, I resumed
Posted by davidd on 18th of Mar 2009 at 09:23 am
In the afternoon, I resumed trading and got caught in the downdraft of SDS. I held overnight thinking that resistance was fast approaching and I could recover (hopefully). My average cost is 86.50 and SDS closed at 85.14 This morning I see a recovery premarket to 86.31. The question is whether or not I sell at the open when we should reach indicator extremes and rebuy on a retracement down. any suggestions?
I would hold. The upside
Posted by junkmaylbox on 18th of Mar 2009 at 09:29 am
I would hold. The upside is limited to about 27 points on the $SPX, IMO.