Today the specialists want to accomplish to 2 things.
1. Shakeout the weak longs. The market dropped below the support level and recovered back up. 2. Create new open shorts. These shorts got burned when they open new short position when the market dropped below the support level.
good day here for me
ReplyDeletewas in spxu 38.08..out a little early 38.62
faded the open gap over fill.. was looking spx 1085 in morning stop run and it hit...
reversed into upro (albeit a little slow getting in).. up $1 now.. trying to hold out for $2. that will probably happen the moment i sell.
wow!! double fakeout
ReplyDeletethey slammed it both ways
enzymet
Yeah, most stocks are at the support level.
ReplyDeletei'm long upro from 139.44
ReplyDeletehopefully we clear 109.31 and not go back down again.
spoke too soon maybe.. crap..
lorshu
on my
ReplyDeleteHOMERUN!!!
OUT OF THE STADIUM HOMERUN!!!
ReplyDeleteBOO YAHHHH!
dicsdulg
umm, coming back into the stadium from the out of the stadium.. but still a home run ;)
ReplyDeleterabit
i bailed... inside the park homerun
ReplyDelete$2 on upro gain.. had $3 in the heat of the moment.. but didn't take it and it slipped away.
lamphyd
and it's coming back again ;)
ReplyDeletedamn too bad i missed out.. oh well..
i'm happy with what i locked in.
damn today it was tough.. lots of whipsaw in the morning - but the market moved where i thought it was going to go...
putvoc
elicants
Today the specialists want to accomplish to 2 things.
ReplyDelete1. Shakeout the weak longs. The market dropped below the support level and recovered back up.
2. Create new open shorts. These shorts got burned when they open new short position when the market dropped below the support level.