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Friday, August 10, 2012
Hold confirmed.
Like a broken record, nothing new to report today. My systems and I remain short although it feels like I should be in cash. Only time will tell... Have a good weekend! See ya Monday. -J
As I said yesterday, we got the gap down Friday. Then they took out 2day lows (Dow & Rut), and that was the "slow-pitch" for the bears. They should have taken her down after that. Ascending triangle formed on Dow and by 2pm there was a really nice spot for stops on all index products. Stops and profit management worked well from there. Still got a few shorts on w/ya J, but lightened up quite a bit from Thursday. I'll re-build them if we go higher... And if we don't, I managed risk and will resume taking profits on the remaining shorts I have.
When I booted up the system this morning, I was very close to scaling back my short position when TZA was over 18. I chose to sit on my hands... Yeah, that worked out well. :(
have a good weekend J. Thanks
ReplyDeleteAs I said yesterday, we got the gap down Friday. Then they took out 2day lows (Dow & Rut), and that was the "slow-pitch" for the bears. They should have taken her down after that. Ascending triangle formed on Dow and by 2pm there was a really nice spot for stops on all index products. Stops and profit management worked well from there. Still got a few shorts on w/ya J, but lightened up quite a bit from Thursday. I'll re-build them if we go higher... And if we don't, I managed risk and will resume taking profits on the remaining shorts I have.
ReplyDeleteYou receiving any mid day signal changes? I know once in a blue moon you go off the reservation and make changes early.
ReplyDeleteI hate OptionsEx...
DeleteWhen I booted up the system this morning, I was very close to scaling back my short position when TZA was over 18. I chose to sit on my hands... Yeah, that worked out well. :(
ReplyDeletedeserve to go to hell with this call!
ReplyDelete