30 replies to this topic

[CLK]

Shorted the small gap open, closed already for 40%. No change on swing short.

[CLK]

 Probably a chop day, but Index P/C is 2 to 1 short and SPX is 2.3 to 1, up from 1.53. No change in equity P/C.

[OEXCHAOS]

We had a VIX P/C Sell for today, and those tend to get right pretty fast. I actually tried a long and missed it by 1 minute (had a time limit on the order). Would have been good for 10. <sigh>.

 

Bears... some times you get 'em and sometimes they get you. :/

 

M

[Chilidawgz]

[CLK]

SPX shorts maxed out still at 2.47, low TRIN compared to this morning's lows says complacency.

[CLK]

Closed 1/2 IBM long for a loss, it's proven it will not trade opposite the market like WFC. 

[CLK]

Index P/C fell to 1.31, but SPX was still at 2. Too many people covered and now the free fall.

[CLK]

I think I am going to buy $3 to $4 ITM next time on Renko turns, the time and countertrends put me in too much risk

with ATM, if it doesn't go far and spends some time then turns on me, 70% loss instead of 30%.

[CLK]

Index P/C fell to 1.31, but SPX was still at 2. Too many people covered and now the free fall.

 

 

 

I read this all wrong, in general the Index P/C's are not a fade, the whole market started covering between 2:30 and 3:00

and I should have too despite my system, I believe. The move down looks corrective; getting sick of every new low getting bought.

[CLK]

What they did this afternoon messed up the short trade for at least another day or two. Looking at the hourly, I can see a clean five

wave pattern complete with a reversal.