alf44 2,025 posts msg #95591 - Ignore alf44 modified |
8/11/2010 8:11:07 PM
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alf44 2,025 posts msg #95593 - Ignore alf44 modified |
8/11/2010 8:14:53 PM
............... $hort is $weet !!! ...........
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Eman93 4,750 posts msg #95595 - Ignore Eman93 |
8/11/2010 8:52:40 PM
The rally yesterday was perplexing.... the volume on the rally set me back a bit... but as it sold off I picked up some VXX and sold into the spike this am, I was fully expecting a bounce around RUT 625 to 620ish and a rally to the 200 ma on the 60min chart. or even better a back test of 640.
So after the market closes I am reading the twitter feed and see cisco tanked and everything starts to tank TWM jumped so I look at VXX and its like not moving only up a dime so I bought a bit at 22.90 now its 23.50 so I am not so mad I sold early.
I will go all in on a pullback to 640... if I have the guts...lol
Great trading ALF I hope to someday have the patients and the fortitude to hang with a trade.
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alf44 2,025 posts msg #95597 - Ignore alf44 modified |
8/11/2010 9:19:35 PM
... I hope to someday have the patients and the fortitude to hang with a trade ...
---
I find that indulging ... after hours ... in copious amounts of ... well ... "adult beverages" ... helps !!! fwiw
LOL
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alf44 2,025 posts msg #95624 - Ignore alf44 modified |
8/13/2010 12:03:52 PM
1080 on the S&P ... is the "Line In The Sand" !
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alf44 2,025 posts msg #95625 - Ignore alf44 |
8/13/2010 4:05:59 PM
FYI ...OUT of TWM position ... PROFIT +16% on the trade !!!
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Eman93 4,750 posts msg #95634 - Ignore Eman93 |
8/13/2010 9:18:36 PM
Nice Alf,,,,
Did you go long EOD?
I have some VXX from Thursdays pull back and bought a litte CEG at the open for long.
Like the divergence on CEG and bouncing off the trend line.
I was out all day so was not able to sell my VXX.
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alf44 2,025 posts msg #95636 - Ignore alf44 modified |
8/13/2010 10:54:54 PM
E93 ... didn't go LONG EOD !
That 1080 S&P Level looks like a place where we "may" bounce ... BUT ... I didn't want to think about LONG (or, SHORT for that matter) exposure over the weekend !
ALL the Major Index ETFs printed "Inside Days" today !
Clearly the Market is in a place of indecisiveness (if that's a word) !
We are coiled ... we could explode HIGHER ... or, LOWER from here ... indicative of Inside Days and Range Contraction ! fwiw
I just didn't feel the need to try and be a hero here and decided to take copious profits !
I'll look for clues next week ... my bias is to be SHORT this Market ... but I will wait for my setup !
Regards,
alf44
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alf44 2,025 posts msg #95637 - Ignore alf44 |
8/13/2010 11:20:37 PM
Now ... Again ... Patiently ... Waiting !!!
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alf44 2,025 posts msg #95638 - Ignore alf44 |
8/13/2010 11:22:12 PM
......................................I will wait ... patiently ...
........................................... for my next shot !!!
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