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5 years 11 months ago #16621 by Libero
Replied by Libero on topic DOW

Trendfriend wrote: Impossible to trade atm...happy I’m side stepping these markets :)

This is just silly tbh...
It will eventually close down imvho.... once it wipes all the bears out!

Atb
Trendfriend.


Very true.

What success I had this morning, is being cut to shreds as I dipped a toe in (again, couldn't stay on the sidelines as long as I would have liked, not with all the volatility - but how big do you have to move your stops. It's absurd).

Might take a short position, IF IF IF i see a direction (obviously, not looking to hold for any sustained period).
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5 years 11 months ago #16620 by Trendfriend
Replied by Trendfriend on topic DOW
Impossible to trade atm...happy I’m side stepping these markets :)

This is just silly tbh...
It will eventually close down imvho.... once it wipes all the bears out!

Atb
Trendfriend.
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5 years 11 months ago #16619 by AdeMcG
Replied by AdeMcG on topic DOW
As the saying goes, "don't fight the FED"
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5 years 11 months ago #16618 by Libero
Replied by Libero on topic DOW

longterm_view wrote: The dow dropped by 350 points.


10million new jobless claims in two weeks, and the markets wiped out the negative reaction.

Surely, this pump is short-lived - not convinced by the violent direction - I think I'll stay on the sidelines (for the next hour at least!)
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5 years 11 months ago #16615 by longterm_view
Replied by longterm_view on topic DOW
The dow dropped by 350 points.

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5 years 11 months ago #16614 by Libero
Replied by Libero on topic DOW

AdeMcG wrote: Jobless claims higher than expected...what has that done to the Futures ??


destroyed it - 350 points wiped out in minutes.

wait, we've been here before!

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