bring back permabear, page-7

jclark, I'm not telling you what to do, that would be giving financial advice I'm told, but if you missed a short entry at the top of the intraday range you could try a short at a breakout downward from the range. Thats risky because sometimes there are rapid reversals from there, even if only very temporary, something we call a bear trap. With so much downward momentum at the moment its probably less risky but always more risky than shorting at the top. You could wait for a breakout down and then hope for a restest (going back up to it) of the breakdown level before going short. Thats less risky. In any case, you could use the breakout level as your stop loss point. In my trading I almost always wait for the market to start moving in the anticipated direction before I trade in that direction. Good luck!