Tuesday, September 20, 2011

Hold signal confirmed.

Lower prices ahead? Perhaps, I'm still not getting a buy signal. But no short signal either, so my system remains on the sidelines. I had a limit order in to cover half my TNA shorts at 41.50 and it got hit. I'll hold my remaining TNA shorts into tomorrow morning at least, and probably through the Fed announcement.
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3 comments:

  1. RealMoneyIssuesSeptember 20, 2011 at 4:05 PM

    Covered my shorts at the close to break even (sweating bullets) so I am all cash right now... Not sure I am going to do any "speculative" bids anymore...

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  2. MicheleSeptember 20, 2011 at 4:09 PM

    Well, yesterday I said right here that TNA was closing lower today, didn't I? :-)

    Technically, it looks to go lower still on Wednesday, but what emanates from the Fed will trump all that.

    ReplyDelete
  3. JamesSeptember 21, 2011 at 8:25 AM

    This comment has been removed by the author.

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