Getting Ready To Take Some Profits...
On my AAPL short (since $86 -- overvaluation/stupid fundamentals) trade -- will wait for $73, current price around $73.75...
On my $/yen (since 114 -- bounceback from 200 mavg/oversold) trade long -- will wait for 116.
I try to buy or sell when others are stopping themselves out. It's just the nature of the game.
Otherwise, the invisible hand in the SPX is doing its utmost to support the market here, and I can't say that I blame them. Good for them! Since we all know it's EVENTUALLY all going to end up in tears, we might as well enjoy the happy-go-lucky ride.
On my $/yen (since 114 -- bounceback from 200 mavg/oversold) trade long -- will wait for 116.
I try to buy or sell when others are stopping themselves out. It's just the nature of the game.
Otherwise, the invisible hand in the SPX is doing its utmost to support the market here, and I can't say that I blame them. Good for them! Since we all know it's EVENTUALLY all going to end up in tears, we might as well enjoy the happy-go-lucky ride.
posted by Ivan at 1/25/2006 10:46:00 AM
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