The Dow Jones 2007 High - Your opinions...

January 29th, 2013, 04:29 PM

Don't fight the fed.

Mike

January 29th, 2013, 05:49 PM

Ditto on that. Why fight the Fed? I'm expecting to take advantage of short opportunities but it I don't want to place myself in r/r ratios that I am uncomfortable and unfamiliar with. That being said, I am thinking about a longer term short swing in a few months.

I have to go with what the market action is giving me. I can't predict these events confidently enough to follow through.

January 29th, 2013, 05:55 PM

Big Mike

Don't fight the fed.

Mike

Hi Mike, excuse me for being naive... what does that mean lol?

January 29th, 2013, 09:45 PM

Doomberg

Hi Mike, excuse me for being naive... what does that mean lol?

Quantitative easing - Wikipedia, the free encyclopedia

January 29th, 2013, 10:11 PM

Also

QE3 - The Fed, FOMC, Congress, and Election Year equals... ?

It is my belief there will not be a QE3 in any major form until after the election.

QE3 would help Obama. Republicans control Congress, therefore there will be absolutely everything possible done to not help Obama.

FOMC is under the purview of The …

The Federal Reserve

Here is an article on 10 things that every American should know about the Federal Reserve:
10 Things That Every American Should Know About The Federal Reserve - Business Insider (

What did you know? What do you think? Why don't more people know …

Mike

January 30th, 2013, 03:27 AM

Thanks guys

February 3rd, 2013, 06:58 PM

Ok just took a short on IG index, my entry was 13985.5 - stop 14085.5

I don't feel that it will necessarily reach the 2007 high, i do feel that a big correction will happen soon.

Goals with this trade:

Well it all depends on how it pans out, if it drops but struggles at the 13920 area i may close there.

Ideally this would be a long term trade, but i'll only hold for more than a day or two if it shows clear signs of a reversal.

February 4th, 2013, 05:36 AM

Ok position 2 is opened... Dax entry 7829.1 - stop 7929.1

Ignore the screen shot of my 2nd screen, dunno how to stop that on this comp lol

February 4th, 2013, 08:34 AM

All closed as it is at support, will look to re-enter after a pullback

February 4th, 2013, 12:15 PM

Doomberg

Ignore the screen shot of my 2nd screen, dunno how to stop that on this comp lol

If Vista - Open MS 'Paint' and Paste into a new image, can then use the select rectange and do Image->Crop, then Save As new JPG before posting.

If Win7 just use the Windows snip tool.

Or lots like 3rd party tools like SnagIt, Jing, etc

The Dow Jones 2007 High - Your opinions...

Discussion in Emini and Emicro Index

The Dow Jones 2007 High - Your opinions...