KO
koolblue
Rep: 48,651
Posts: 16,032
Well, here we are exactly where we are supposed to be. As per my posts the last several weeks i expected a panic low around the 15th, 1210-1211 or the other number i gave 1177. im long 2 es at 1177 and holding over nite. The news all day was horrible , even scary. the vix got over 30, and my downside number has been achieved. I went 100% my 401k at the close today.Is this a significant bottom? ALLthe pieces seem in place, but a rate cut by the fed would help. Time will tell.
BR
BruceM
Rep: 216,211
Posts: 19,895
although I don't want to see it , I think they will need to retest 78 - 76....sure hope I'm wrong on this today
CH
CharterJoe
Rep: 4,475
Posts: 2,352
Nice call and trade kool!! I haven't seen the markets move this much since 2001, its an amazing thing I hope it last for a long time.
KO
koolblue
Rep: 48,651
Posts: 16,032
Im going to be honest, the only way i held that trade for a huge profit was i called my broker from work to get in, played it with an 8 point stop(huge for me) and didnt watch it at all untill i got home near 2:00 am! Ive been scalping for so long its hard for me to hang on if im watching it close.