Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[bw81]

short again at 4545

Is this a fresh batch of shorts Reza?

 

[SuddenDeath]

my RSI5 buy stop at 4485.3 worked a treat.

I expect it to not close above +30

 

[bw81]

I have strong resistance at about 4560 with a monster up trend line on my hourly chart thats where I think it will stop advancing (for today)

 

[fast trader7]

Some money for me after a long time.
Scalped dax few times in the last 30 min. Overall 31 points.

Market is going to fall in straight line soon. Donot know when. cannot believe it is going up and up...9th day in row

 

[bw81]

Some money for me after a long time.
Scalped dax few times in the last 30 min. Overall 31 points.

Market is going to fall in straight line soon. Donot know when. cannot believe it is going up and up...9th day in row

I agree 100%

This is going to fall like a rock when it happens, gone up way too far without a decent retracement to carry on.

 

[rezadamus]

short at 4554

 

[bw81]

I am short 4555 its hitting my monster line

 

[pentlow1]

Im short again at 4553, sl 4565. Lost 12 points on my first short.....one thing that haunts me in these sort of situations, is the saying "the market can remain irrational longer than you can remain solvent"

 

[rezadamus]

I agree 100%

This is going to fall like a rock when it happens, gone up way too far without a decent retracement to carry on.

agreed..ill close everything at 4520-30

 

[papak]

SP500 out at 972 for 120 points profits.
+40 pts today.

 

[rezadamus]

I am short 4555 its hitting my monster line

mine too...never in a million years did i think it would rise so much so fast

 

[Manya1983]

All you guys shorting, be careful.

No point in chasing the market!

 

[bw81]

mine too...never in a million years did i think it would rise so much so fast

Ive never seen anything like it. Its a phenominal rise without a decent bounce.

 

[masnachu]

guys, it may well turn , who knows , seriously though , shorting a parabolic move ?

 

[bw81]

All you guys shorting, be careful.

No point in chasing the market!

I have a valid trendline which it is now bouncing off which is why I placed the trade. If Ive got the technicals right it will play out good.

 

[Dentalfloss]

its christmas !!!

 

[rezadamus]

All you guys shorting, be careful.

No point in chasing the market!

it willllll drop...watch lol lol

 

[Death in June]

I have 9035 on the dow as the 38.2% retracement from the may 08 high to the march 09 low although the may 08 was not the all time high... Im hoping it acts as resistance as im short again...going against the trend...I guess I deserve what I get :cheesy:

DiJ

 

[papak]

I have a valid trendline which it is now bouncing off which is why I placed the trade. If Ive got the technicals right it will play out good.

could you please post a chart because I cant see it?

 

[dr.blix]

not trying to be funny, but reading some of the earlier pages...why is everyone trying shorts constantly and not buying pullbacks?