Down Trend

indexking

Active member
219 0
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
219 0
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

Senior member
2,879 22
Agree UK will follow the US.
 

JonnyT

Senior member
2,560 22
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
4,106 10
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
4,106 10
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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