We need to break 850 on S&P, it looks like that area will be tough to bust. I will likely wait for the last hour before placing any more trades.
It just feels like we could roll over from here.
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Probably a good idea. I’m resisting the urge to make a trade either way until the market gives us a sign here. No need to rush.
That AMZN trade is looking sweet right now, wish I held it.
And if we do get through 850 there is huge resistance at the 30 day SMA. Each time we hit it since Sept we fall back to lower lows. I’m staying long to 850 and will short if we hit the 30 day MA.
LOL When I first saw that you bought AMZN, I got all excited that you were getting long with some conviction on my best performing site, but I know you’re a trader and got out right away. However …. for the very long term, imho AMZN is a buy in the low 40’s. They just sold out (again) of their Kindle. Sales are coming back from their fall lows and they continue to crush their competition. In fact, now I’m wondering, why don’t I own some at this price? I may have to change that in my IRA.
C breaking down
Boca, no doubt AMZN is a buy at these levels, however I don’t feel comfortable holding anything at the moment. But, I do feel the stock is about to make a move right here, i may enter back in.
On a side note, I hate Bill Miller!
RC, I don’t feel comfortable holding much of anything lately either *shudder* the market is so crazy for a small-timer like me.
You need to dump that LM
never.