Hi Ed, My sell stop on my long position is at critical support which is 10,040. This is the 5-minute, 380-unit M/A -1.35%. I got long at 10,065. How are you doing?
I shorted earlier today. All the news seems negative. I can see 9400 before 10400 but I am using rational thought rather than someone else's money. Anything is possible in this market. NASDAQ settled close to the lows of the day. That can't be positive.
10400 seems ambitious? Earnings are dismal, Macroeconomic environment is terrible. Not sure how 10400 is justified?
ReplyDeleteHi Ed,
ReplyDeleteMy sell stop on my long position is at critical support which is 10,040. This is the 5-minute, 380-unit M/A -1.35%. I got long at 10,065.
How are you doing?
I shorted earlier today. All the news seems negative. I can see 9400 before 10400 but I am using rational thought rather than someone else's money. Anything is possible in this market. NASDAQ settled close to the lows of the day. That can't be positive.
ReplyDeleteHi Ed,
ReplyDeleteGlad you're short. I did not forecast 10,400. I'm short now as well.
Keep your comments coming...
I shorted because I read your blog! You said yesterday was the end of the run up. I just followed your macro advice! Thanks
ReplyDelete