Geesh, some of you guys are unbelievable......Matt/Steve have
clearly stated what they expect and it is just sour grapes if you
didn't listen......I've been trying to short this market for a few
weeks and didn't listen to Matt/Steve........Had I listened I would
have been in a better position but like someone posted earlier I
may finally be right with my short positions.....or not.....I am
learning to take smaller and smaller positions as opposed to going
all in with one trades......spreads out risk for a swing trade
imo......cheers all.
It's still too early to make any definitive conclusions about
the market. Over the past 7 days the primary indexes have
experienced two markedly bearish sell offs BUT they managed to
recover and have yet to break down. The one thing that I've
stated recently is that the risk reward near these levels is not
something that I find attractive for swing longs (I have cited many
reasons including some above). However, that does not mean the
market cannot probe higher. As traders return to their desks
next week, we will see how they react to last weeks developments.
For now, I suggest we keep an open mind and focus on trading
the best setups.
The dollar is weak again tonight which is helping to lift the
futures higher - this has been pattern lately on Sunday
Evenings.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Geesh, some of you guys
Your statement
Posted by bullau on 29th of Nov 2009 at 01:31 pm
Geesh, some of you guys are unbelievable......Matt/Steve have clearly stated what they expect and it is just sour grapes if you didn't listen......I've been trying to short this market for a few weeks and didn't listen to Matt/Steve........Had I listened I would have been in a better position but like someone posted earlier I may finally be right with my short positions.....or not.....I am learning to take smaller and smaller positions as opposed to going all in with one trades......spreads out risk for a swing trade imo......cheers all.
Can't wait for the weekend report.
Quick Comments
Posted by steve on 29th of Nov 2009 at 01:41 pm
It's still too early to make any definitive conclusions about the market. Over the past 7 days the primary indexes have experienced two markedly bearish sell offs BUT they managed to recover and have yet to break down. The one thing that I've stated recently is that the risk reward near these levels is not something that I find attractive for swing longs (I have cited many reasons including some above). However, that does not mean the market cannot probe higher. As traders return to their desks next week, we will see how they react to last weeks developments. For now, I suggest we keep an open mind and focus on trading the best setups.
The dollar is weak again tonight which is helping to lift the futures higher - this has been pattern lately on Sunday Evenings.