So what to do if my stop (935+) is not hit?
I can cover, take the loss and say: Thank You.
I can hedge using options or futures
I can just go home and pray that this was it and tomorrow market goes lower and bails me out
I can do a mix of all three above
Was a tough day, has been a tough week so far. Now, the question is: are there still shorts in the system to squeeze?
S&P 500 – May 15, 2012
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Bottom Line: Long term trend is up. Mid-term trend is down. Short-term
trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is
Strong Decli...
1 year ago
Posts
4 comments:
Piazzi,
Today was another of those days when VIX went up in tandem with the market.
http://www.zerohedge.com/article/stop-trading
Regards and Best Wishes.
Thank you Kishore,
Yes I noticed that as well.
let's see how the volume comes in. SPY volume was good but that means nothing these days
I think maybe market is telling us that it wants to go higher, S&P moved above 233 MA for the first time. there is a MACD cross, Breadth was just excellent
Nas100 was on fire
The trend of VIX is more, and it has been downtrending
but, wave set looks complete, of course, it's been looking complete for three days :-)
Some are calling for 1008 SPX and 9600 on DOW...any comments.
Hi Nasravi
No comments and targets at this time, I'd rather wait for the dust to settle
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