This comp has made me a lot of money all the way from 2730. While I'm no longer long due to low risk reward I continue to track it. Would like to see this pop to 3050-3070.
do you think it may fall down ? there are underlying indicators which are not saying long for now... imho.
JakubKonieczny
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@LoLBeach, It is probably likely that any rally will be capped in the 3040-3070 range for a correction or a period of consolidation relatively soon.
CodedFlow
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@JakubKonieczny, i totally agree... but i do not have you vocabulary and mind articulation to describe the situations as good as you do. appreciated for this.
JakubKonieczny
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@LoLBeach, Jeez thanks. I think you do. I was long from 2730 to 2990s with one break inbetween. I don't think it's worth holding anymore. There are better opportunities. Still I don't see a reason to be excessively short. Looks like 50 pt swings both directions for a while are most likely.
CodedFlow
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@JakubKonieczny, nope. i am autistic yet... and i understood that i jumped in the market without enough paper trading exp. getting there though... i may even arrive in style. but today, i am still on the flat launching curve :))
JakubKonieczny
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@LoLBeach, At least you are on the launching pad, so in the right place. How many other people you know that are puttin in that type of effort. It will pay off, give it a few months. The anticipation is the exciting part!
CodedFlow
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@JakubKonieczny, true that. just fyi: you are one the one who inspired and motivated me to continue... thank you for that. it will pay off one way or the other ... and cover all the loses i incurred.