You can't stop running water. I did say I would change my mind if we broke 1117, but the reversal still looks favorable. I believe today is a mirror event to the Dubai news, to be poetic about it.
Short term forecasts aside, there is a question I would like to ask you, Carl. As your account grows, do you increase the size of your "one unit"? Or did you do this earlier in your career and reach a threshold at which the position is large enough?
"I will tolerate a break to 1100 or so, but anything worse than that will mean that the market is probably headed down to 1040-1050. As long as 1100 holds I will continue to play for a move to 1130-40."
wow, that is not a good sign, isn't it? i think because of this reaction, many players will clear their long positions today before going into weekend...todays target 1090-1080
6 comments:
You can't stop running water. I did say I would change my mind if we broke 1117, but the reversal still looks favorable. I believe today is a mirror event to the Dubai news, to be poetic about it.
Short term forecasts aside, there is a question I would like to ask you, Carl. As your account grows, do you increase the size of your "one unit"? Or did you do this earlier in your career and reach a threshold at which the position is large enough?
GLD down, will stocks follow?
George, Carl has a post on this site where he talks about position size. Right side of screen, it's labeled Account and Position size.
Carl said:
"I will tolerate a break to 1100 or so, but anything worse than that will mean that the market is probably headed down to 1040-1050. As long as 1100 holds I will continue to play for a move to 1130-40."
1100 broken
wow, that is not a good sign, isn't it? i think because of this reaction, many players will clear their long positions today before going into weekend...todays target 1090-1080
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