Showing posts with label mini dow trading. Show all posts
Showing posts with label mini dow trading. Show all posts

11/20/2008

Good Bye Cruel World

The sky is falling.
The end is near.
Ma, git the youngins, beef jerky, guns, and head for the bomb shelter.

YM Daily Chart

15 Minute YM Chart
Where do we go from here? The charts say down. How far?

I have no idea.

I'm glad I can trade this to the downside, although I should have hedged the retirement accounts. I sat here and watched and did not do anything to protect the long positions. I would not have sold, but could have used options or a bear ETF to hedge.

Not smart.

Is it too late to hedge now?