Down Trend

indexking

Active member
Is it me or are we heading for a downtrend on the S&P ? The hourly close below 988 on Friday is rather alarming !!
 

indexking

Active member
If the S&P goes down so will the Dow and the FTSE and all the Europeans !

I took out a big short on the S&P on Friday so I'm happy to down trend for a while !

Holo
 

JonnyT

Senior member
Why on earth did you take out a big short on the S&P?

It's in a big linear uptrend that is showing no sign of abating.

This is a gamble pure and simple and the odds are not in your favour short term.

JonnyT
 

bonsai

Veteren member
its amazing how quickly people change their stance ?
one uptick and the're bulls and one downtick and the world's
coming to an end ?

Riding a trend is often like riding a wild horse.
if you have ever done it, you will know what I mean.
 

bonsai

Veteren member
doesn't seem to look very alarming ?
and anyway a pull back to 950 to consolidate would not break
any glass ?
<img src="http://chart.neural.com/servlet/GIFChart?sym1=$spx&cbcku=FFFFFF&cbckl=EBF5FF&cbckd=cccc99&ctxtu=000000&ctxtd=000000&ctxtl=000000&csym1=000099&csym3=000000&cbckg=FFFFFF&cind7a=FF0033&cind7=009900&cind8=blu&cind9=6666CC&height=250&width=450&source=SP&multipane=1&watermark=splogoblue.gif&dres=day&dcnt=12&dperiod=months&plottype=line&ignore=1220032535&coname=1&image=PNG">
 
 
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