SCROLL DOWN to the 2-26 post–TO SEE THE EIX CHART+++
Posted by zstock7 at 3-4-/2009 5:00 pm
What if today or tomorrow or Thurs. is the market bottom? It’s not like anybody is going to notice the bottom, until 2 weeks after the event.
I’ve been going long–small positions, I’m not getting killed on them, like two and three days ago.
Someone went long on QQQQ’s intraday, made some money–
The bottom has a habit of sneaking up on you, without you realizing it. If this week, it’s a big IF, is the bottom, well it sure is sneaking up on me.
I most certainly can get out of this trade at $23.5–later on down the line, If this trade doesn’t do the 22.7 to 26.7 $4 price channel–As long as XLU doesn’t go below 19.5, I can get all of my money back. plus whatever Else I add in the next few days–is profit–
I just want to make sure I have a position. Utilities might jump higher on any given 4 days in a row–and I would have missed owning any assets–