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Friday, August 13, 2010
not a prediction, but my gut tells me quite strongly markets are in for a crash soon. I'm short now but prepared with stops and to go long if the conditions change.... lets see how things play out, maybe we'll just float around here a while
Sam-felt like it was going to happen today. i think we ran out of time though. it was almost the same sort of feeling i had and posted an hour before the flash crash earlier this year. i think sept., oct. are not going to be good if your long. thats said, its important to be flexible in your outlook and be prepared to trade either direction.
2 comments:
Hi Scott,
Your gut feeling of a possible market crash.... is this something you felt might happen today or within the next few trading days?
Enjoy reading your posts!
-Sam
Sam-felt like it was going to happen today. i think we ran out of time though.
it was almost the same sort of feeling i had and posted an hour before the flash crash earlier this year.
i think sept., oct. are not going to be good if your long. thats said, its important to be flexible in your outlook and be prepared to trade either direction.
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