4 replies to this topic

[IndexTrader]

On Friday I covered 50% of my short at 1423.25. I've just sold that 50% portion back at 1432.00. I continue to hold the other part of my original short at 1435.00 Actually, today doesn't look too bad. And it would not surprise me to see further rally perhaps up to 1435 or so. But I'd like to get my position back on because I rather doubt that all the downside is over for reasons previously described. Still using a wide stop. IT

[A-ha]

Nice trade so far.....

I am short from 1443 but I will be worrying if it drops further.... Dont want it to leave the station before I fully short....

I missed AAPL like that although it moved exactly the way I expected...

Watching the train leave hurts as much as letting a loosing position run

[eminimee]

still a few ways to play out......

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=8&i=p67438202531&a=91454708&r=3214.png

[IndexTrader]

still a few ways to play out......

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=8&i=p67438202531&a=91454708&r=3214.png

Tea:

Why did you draw your fib lines the way you did. If you took the entire leg down, the 38% line comes through just below the high of the day.

IT

[eminimee]

sorry IT...I had drawn them from the high to the last low at the time...I hadn't updated the fibs and didn't notice when I posted that...just did up date it now....that bounce lasted to the .382 so far. If you refresh the page that chart should show the new level.

Edited by Teaparty, 29 January 2007 - 02:30 PM.