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Post# of 79025
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farooq

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farooq

Re: GLENO34 post# 30920

Saturday, 05/20/2006 11:41:49 PM

Saturday, May 20, 2006 11:41:49 PM

Post# of 79025
Glen,
You are day trading with weekly chart, you should use three months to 1 month chart. Use one year chart for bigger picture.
Do not dishearten now.
You are looking a wrong chart, look at this one.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=1&mn=0&dy=0&id=p78484259697

I am still bearish but I am not in extreme. I sold some bearish spread for Monday if we do not crash I will cover them tomorrow but I am betting only 10% of equity so my max loss would be 5-10% of my bet. In this business money management is 80 % and 20 % is TA and Picks.

Good luck.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

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