Friday, January 20, 2012

Hold confirmed.

Nothing new today. Holding shorts.

4 comments:

  1. J, do you take market volume into account in your system?

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    Replies
    1. Sort of, but only as a measure of capitulation (high volume spikes 2x-3x more than average)

      Low volume is not considered.

      I think my model is a day or two or three early shorting here. SPY will probably tag 132 before a good sized pullback. I expect a good covering opportunity next week. I also predict this short trade will be profitable, with a bit of patience.

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    2. Low volume is the bane of shorting as low volume gives the market a neutral to up bias...
      Just a thought :D

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  2. Interesting movement so far today.

    How is your system holding out?

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