Tuesday, October 11, 2011

Short if...

Short signal if SPY closes positive @ 119.59 or higher...

I was thinking we would get this signal yesterday, but with TNA up another 2% we'll be getting an even better price today.

Ready to initiate 50% short TNA position on close.
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4 comments:

  1. MicheleOctober 11, 2011 at 8:10 PM

    I've got a feeling you're on the right track.

    ReplyDelete
  2. RealMoneyIssuesOctober 12, 2011 at 9:06 AM

    Michele, J...

    How does the "right track" feel this morning with a gap up (above resistance) and a failing dollar (manipulation?)...

    ReplyDelete
  3. JamesOctober 12, 2011 at 1:09 PM

    Wow! Someone should tell the market it's going the wrong way. :)

    ReplyDelete
  4. MicheleOctober 12, 2011 at 1:23 PM

    Right track, wrong train. The purpose of days like today is to keep me from feeling infallible :-)

    Both the Dow and SPX are now at the top of their summer trading ranges. Tomorrow's going to be critical. We either finally break out, or the technicals assert themselves and we go lower. Right now, I'm not too proud to admit I have no clue.

    ReplyDelete

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