redbacka's - the last shorts - tuesday, page-8

"Martis are you serious you bought today?? Not saying it won't break out but have you had a look at that $xao chart above? "would you buy this market" ? is what you always ask? So I ask you , would you buy this market today? My answer NO WAY, but you say you bought? I've seen it all now quite amazing to be honest, surely you are kidding? Talk about buying at a potential top. Again I'm not saying it won't break out but you couldn't have bought in a riskier place imo "

Barnsty..LOL..

U seem very wise and on the ball...and yes i did buy a stock yesterday..very lightly.. 1 mill to be exact at a 2cent discount to its closing price..nevertheless..i see my body as my money temple and today i might lose a finger or i might break even ....but it seems my stop will be hit nevertheless...if not i shall hold...again a very light holding and zero collateral damage...

barnsty when i go to WAR i make sure i have an exit plan..
Why did i buy?
Because i like the chart...i can always get out and get back in..it does not bother me....today could see me out...
I know how dangerous these markets are..and i would not be buying more than 1% of my total trading account on any one trade.....

So if one should ask.. if this is the start of the next leg down..my answer would be ..i do not know...but imo what i do know... is that when it gets back under 11000 i would be running for the hills...

we r now 380 points away from 11000... ever so closer but yet so far...but getting ever so closer..

god bless and good luck ...


p.s TIGHT STOPS..