Posted by billrosen on 23rd of Mar 2009 at 03:52 pm
Matt with that said, would you take profits here if you are
long? I got killed this morning becuase I was short....cut half my
losses at the open and covered the rest when we broke 804 on sp500
and went long with URE FAS and UWM and am open very nicely going
into the close. Should I take profits here or hold over night. I
ALWAYS STRUGGLE WITH THAT QUESTION???
Posted by junkmaylbox on 23rd of Mar 2009 at 04:01 pm
It's a close call. We are almost at the resistance 825,
currently at 823. If you have substantial profits, you might take
them. We could move a bit higher tomorrow, and only then perhaps
reverse.
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Matt with that said, would
SPX 5 min chart.png Maybe? that's a 5 min chart so ...
Posted by billrosen on 23rd of Mar 2009 at 03:52 pm
Matt with that said, would you take profits here if you are long? I got killed this morning becuase I was short....cut half my losses at the open and covered the rest when we broke 804 on sp500 and went long with URE FAS and UWM and am open very nicely going into the close. Should I take profits here or hold over night. I ALWAYS STRUGGLE WITH THAT QUESTION???
It's a close call. We
Posted by junkmaylbox on 23rd of Mar 2009 at 04:01 pm
It's a close call. We are almost at the resistance 825, currently at 823. If you have substantial profits, you might take them. We could move a bit higher tomorrow, and only then perhaps reverse.