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Damn I was so sure it was a short with that BDIP and KHC-3/-4 and -5.
However I played safe and it hit a -10 last night!
aaaarrrggghhh,
Plan your trade, trade your plan!
The Levels Resistance is at 1687.25 /1689.50. ABove that the rally continues. Support is at 1673/5. Below that it looks bearish again Good luck
and look at the low. It was 1673.50, bang on the 1673/4.
I for one cannot wait for this Government pollux to end so that I can play this with the SYSTEMS 100%
Plan your trade, trade your plan!
Posts coming through just fine now K,
Whats the play now regards the systems, have they achived their objectives for the day and we stand aside?
Ta.
Great to hear. It does look like we cannot post 2 posts in quick succession as the email server thinks sending out 2 quick emails from same guy, is spam and that is understandable in a way.
Re: SYSTEMS yes sadly bearish bias is done.
All I can do is play THE LEVELS now ie. try a long at support again but better still for me is to short resistance.
Plan your trade, trade your plan!
Still in wait mode. Economic numbers seem to be meaning nothing in all this currently.
NFP’s have been cancelled tomorrow also.
October 17th deadline for fiscal cliff is a huge issue.
Plan your trade, trade your plan!
We got back down
Great to hear. It does look like we cannot post 2 posts in quick succession as the email server thinks sending out 2 quick emails from same guy, is spam and that is understandable in a way. Re: SYSTEMS yes sadly bearish bias is done. All I can do is play THE LEVELS now ie. try a long at support again but better still for me is to short resistance.
I never got to short resistance as it never got there.
However I just longed 1674 bsis teh plan.
Limits in for 3 points to close, but will take 2 points as a spook if I have to
Plan your trade, trade your plan!
Missed my limits by 0.50.
closed manually for 1.50 points profit in the end at 1675.50.
DOes not look like it will hold support now as should have bounced 3 points+
Plan your trade, trade your plan!
Really makes me annoyed all this QE/ government shutdown fake rallies.
It was such a clear bias today with KTB negated on DAY1. BDIP triggered and all those -ve KHC’s and I see we are -11 now.
That was a gift.
Not to worry as I have no longs whatsoever and only swing shorts.
Plan your trade, trade your plan!
1666.75 now last chance saloon for this.
I would love to say that I was right and this is a downtrend like I have been posting, but if I say that it will probably jump up 20 points in a flash on some pollux news.
Plan your trade, trade your plan!
Very hard in a QE market to short a breakdown or > -10 incase teh mustard bounces.
Obama speaking live now.
Maybe long whilst he is speaking and close as soon as he stops.
Lets do it on paper. Long 1671.50 ON PAPER.
Plan your trade, trade your plan!
Finished talking. PAPER SELL AT 1674 for 2.50 points.
Madness
Plan your trade, trade your plan!
1666.75 is getting closer with 1668.50 just hit.
I really would love to short it as I really do feel this is going lower towards the SPX low 166x.x target. SPX is still 1676.
Plan your trade, trade your plan!
Whatever the case, whether I make more money short or not today, the idea is not to get caught long or catch a falling knife.
If we manage to get save from that, thats a successful day in itself as I am sure in the past, many of us would be caught
1667.75 hits.
We should support here for a bit, but probably not go up much just sideways
Plan your trade, trade your plan!
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