testing the bottom of 4hr channel ..i suspect it rise after that..
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- Sep 10, 2008 5:34am Sep 10, 2008 5:34am
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- Sep 10, 2008 5:35am Sep 10, 2008 5:35am
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Trading is 80% Emotional, 20% Technical
- Post #86,883
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- Sep 10, 2008 5:39am Sep 10, 2008 5:39am
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buyers should be careful with this thing, anyone witness that last down move wow straight line job!
i must admit id rather place a sell than buy...
....that volatiity some some crazy stuff...
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- Sep 10, 2008 5:40am Sep 10, 2008 5:40am
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"what doesn't bankrupt me, makes me stronger" modern nietzche
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"what doesn't bankrupt me, makes me stronger" modern nietzche
- Post #86,890
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- Sep 10, 2008 5:52am Sep 10, 2008 5:52am
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hey man its all good
im not selling anymore
but im not buyin either
looks like the market might digest the mae-mac bailouts and the lehman shit
but i dont think its that simple
i dont know what the market reaction on the medium term might be
plus u know opec cutting production might cause a weakness in dollar
anyway its all mixed so im out
even technically we are in a very important area
waiting a breakout to follow price action is the only thing i recommend doing for now
- Post #86,891
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- Sep 10, 2008 6:01am Sep 10, 2008 6:01am
Closed one of my short positions positive. 
Will look for another entry higher up. Don't feel like longs are in play just yet.
Could be wrong though.
Will look for another entry higher up. Don't feel like longs are in play just yet.
Could be wrong though.
- Post #86,892
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- Sep 10, 2008 6:10am Sep 10, 2008 6:10am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- Post #86,893
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- Sep 10, 2008 6:11am Sep 10, 2008 6:11am
lehman earnings out at 12.30pm uk time, any chance they in market now!?? hmm
Could explain this drop
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- Sep 10, 2008 6:14am Sep 10, 2008 6:14am
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Trading is 80% Emotional, 20% Technical
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- Sep 10, 2008 6:15am Sep 10, 2008 6:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- Post #86,896
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- Sep 10, 2008 6:19am Sep 10, 2008 6:19am
best to go with the trend..
Yes, learnt this the hard way. Note, I am only placing shorts here. If this BIT@# should head way up then I will be on the wrong side again.
- Post #86,897
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- Sep 10, 2008 6:21am Sep 10, 2008 6:21am
cant see why they would release bad results... guess they will be better than expected, (not questioning their integrity!! yeah right!!)
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- Sep 10, 2008 6:21am Sep 10, 2008 6:21am
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ex member
- Post #86,900
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- Sep 10, 2008 6:23am Sep 10, 2008 6:23am
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Closed one of my short positions positive.
Will look for another entry higher up. Don't feel like longs are in play just yet.
Could be wrong though.