Down Trend

[indexking]

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

 

[oatman]

Stay short

 

[Fluke]

oatman.
Does this apply to the FTSE also,going short.

 

[indexking]

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

 

[oatman]

Agree UK will follow the US.

 

[JonnyT]

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

 

[BEGINNER]

wait to see

 

[bonsai]

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]

doesn't seem to look very alarming ?
and anyway a pull back to 950 to consolidate would not break
any glass ?
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