Tuesday, November 8, 2011

Short if...

If SPY closes at 127.09 or higher, system goes SHORT TNA 50%, while leaving 50% cash just in case we go up a bit more.

If, however, we close at 127.08 or lower, system stays in 100% cash.

No need for further updates today. Thanks for checking in! Have a good evening!!

7 comments:

  1. Looking good for a short so far, but we have 40 minutes to go...

    A LOT can happen in 40 minutes after 3pm...

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  2. Hmm - I think we're getting close to some resistance but that this market still has a bit more room to run first.

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  3. You are probably right, M. Which is why I'm keeping plenty of cash on hand to go all in short on the next signal (if there is one, of course).

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  4. Those large over night movers are killers unless you are trading futures or you take the leap of faith or you just love guessing.

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  5. Fortuitous call.
    Thanks J Trader.

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  6. Thank you!

    Some will call it luck. Some will call it mathematical precision (me)...but in the end, it is just a thing of pure beauty. :)

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  7. Yup - good job. I sure didn't see this one coming.

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