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December 10, 2008 at 9:26 PM in reply to: How high goes the rally on Obama infrastructure spending? #314022December 10, 2008 at 9:26 PM in reply to: How high goes the rally on Obama infrastructure spending? #314380
mercedes7
Participantstocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.December 10, 2008 at 9:26 PM in reply to: How high goes the rally on Obama infrastructure spending? #314411Participantstocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.December 10, 2008 at 9:26 PM in reply to: How high goes the rally on Obama infrastructure spending? #314433Participantstocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.December 10, 2008 at 9:26 PM in reply to: How high goes the rally on Obama infrastructure spending? #314504Participantstocktradr…probably a good move to get out for now. Even with only a small gain, it is better than losing money. Yes, I am waiting for spx to get up closer to the 1000 level. Low volume close to the holidays makes it easy for the market to be manipulated and I suspect the market will trend up. However, also wouldn’t be surprised if this rally stalls out ~ 950-960. Will be interesting to see if the market sells off after the auto deal passes?? (Maybe after a big pop?)
Haven’t touched the triple ETFs…don’t think they really track triple anyway. The double inverse ETFs also are not long term holds…great for a short trade if we have multiple down days/weeks in a row.December 9, 2008 at 2:23 PM in reply to: How high goes the rally on Obama infrastructure spending? #313449ParticipantYou might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.December 9, 2008 at 2:23 PM in reply to: How high goes the rally on Obama infrastructure spending? #313805ParticipantYou might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.December 9, 2008 at 2:23 PM in reply to: How high goes the rally on Obama infrastructure spending? #313837ParticipantYou might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.December 9, 2008 at 2:23 PM in reply to: How high goes the rally on Obama infrastructure spending? #313858ParticipantYou might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.December 9, 2008 at 2:23 PM in reply to: How high goes the rally on Obama infrastructure spending? #313929ParticipantYou might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.December 9, 2008 at 1:11 PM in reply to: How high goes the rally on Obama infrastructure spending? #313404ParticipantCongrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl
December 9, 2008 at 1:11 PM in reply to: How high goes the rally on Obama infrastructure spending? #313760ParticipantCongrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl
December 9, 2008 at 1:11 PM in reply to: How high goes the rally on Obama infrastructure spending? #313792ParticipantCongrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl
December 9, 2008 at 1:11 PM in reply to: How high goes the rally on Obama infrastructure spending? #313813ParticipantCongrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl
December 9, 2008 at 1:11 PM in reply to: How high goes the rally on Obama infrastructure spending? #313885ParticipantCongrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl
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