Bearish setup continues on my charts on most timeframes, still holding my short positions open and intend to carry overnight with limit orders locking in good profit.
Currently up +63 (1st Trade) and +39 (2nd Trade)
Happy days
Just wanted to chip in here - it's official .....the Dow is now GETTING ON MY TITS!
Short from 13102 Friday....(don't ask!).
My mistake has often been to exit too early, so when it closed at 13062 last night I though to myself "Nah, don't close...let it roll, see what develops in Asia overnight & see if 13050 can be broken"
Well Asia duly played the game.
But the Dow...up again up UP UP this morning! (pretty much back to my bad entry point)
I'm gonna start trading the S&P cos time after time is the Dow getting skew'ed by a couple of constituents going ballistic (they're out to get me I tell ya'...they're all plotting amongst one another to take it turns to go ballistic - aka a relay race - just to hold the Dow up).
S&P fell 0.78%
Hang Seng 1.01% (overnight)
What did the Dow give back yesterday? ....a scabby 0.44% after a 100 day run of a few gazillion percent.
Bollox - thank you for your time.
Yep - couldnt agree more.
Dont these people realise that their whole existence is propped up by unsustainable debt, that their housing market (which had been propping them) is now bust, that they are paying Billions of Dollars to fight a war in nearly every country in the known world, that they have a social security system which is about to go bust and that their stock market is about as overbought as anything can possibly get. Do they not remember 2000 when the NAz went from 5000 to 1000 and was limit down every day for months !!!!
Do they really think it can keep going.
US - You are going DOOOOWWWWNNNNNN !!!!!!!!!!!!!
By The Way
Yes I have been short for ages
No I am not a happy camper
Yes I have been to the pub
Hobby, your still in profit man!
Atilla, why do you think wednesday for a down day, data?
Hobby, your still in profit man!