Just out of interest what sort of stop (if you are using one) have you got?
A wide one as always compared to you lot. This stops a little different, as I know where to exit. I don't mind seeing intra day moves above 10900 but don't want to see a close above 10900 if we do get that then I don't want to see a weekly close above 10940 and then if we see that I would exit if we were to see a daily close above 11,000 as that could then result in some absurd upside. As if it wasn't getting silly now.....
Well that’s the way it is...........an over reaction on the downside and even more on the upside......
Just to calm the traders, which are getting this fever of upside excitement. The markets travels down way faster then they do to travel up......
Boy its nearly been a year with this thread and boy have I seen the tones on this thread get overly bullish and bearish and then taken one step back to acknowledge that. Similar sort of happiness and complacency is present now in the markets.
scared that they will miss the boat.
The ones that miss the boat are the ones that do get on the boat but at the same time every else gets off the boat and normally start to move onto the other boat........so in effect they miss both boats......
Timing......crucial aspect of trading......
If we do get a good Christmas rally then I think it may be sustained into the early months of next year before we see any real damage. As its at the stage where the markets not looking for the cash of me and you............they want fresh raw cash to enter the markets.......the press have the headlines now the public need to make the move they will regret and then it'll spiral down.....When it reaches the headlines the expiry date is usually upon us.......
Otherwise the troubles could well start right away.....