SPX

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1105.50

Edited by NAV, 12 November 2009 - 11:20 AM.

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1102.

kool NAV...It would be nice if this board doesn't lite up with crash calls and the end of civilization.

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1105.50

Well I played GLW long for a small profit then switched to SDS @ 36.93.

I find it hard to watch everyting and post here as well. I'm to worried I'll miss something since I'm just learning. Will be at my computer today & tomorrow the entire day so I'm hoping to pick up some pointers.

JDJ

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1105.50

NAV,

I read SDS resistance @ 37.66 then 38.07.

SDS - S/L 36.00 -36.10, I would probably use 35.95. I'm a little chicken so might use a profitable trailing stop if S&P drops to 1085.00.

S&P close below 1085.00 looks like add too SDS position.

Am I close?

Thank you,
JDJ

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1105.50

NAV,

I read SDS resistance @ 37.66 then 38.07.

SDS - S/L 36.00 -36.10, I would probably use 35.95. I'm a little chicken so might use a profitable trailing stop if S&P drops to 1085.00.

S&P close below 1085.00 looks like add too SDS position.

Am I close?

Thank you,
JDJ

Looks good. A move below 1087 is required to add, if one is not fully short. I am fully short though.

Again, we are still very close to the top and i would not attempt to trail the stop, unless i am day trading. Violent snapbacks and stop runs are common when we are so close to the top. Only after a sustained selloff would i think about a traling stop.

Sell signal at SPX 1094. I am short via lev ETFs right here. Stop SPX 1105.50

NAV,

I read SDS resistance @ 37.66 then 38.07.

SDS - S/L 36.00 -36.10, I would probably use 35.95. I'm a little chicken so might use a profitable trailing stop if S&P drops to 1085.00.

S&P close below 1085.00 looks like add too SDS position.

Am I close?

Thank you,
JDJ

Looks good. A move below 1087 is required to add, if one is not fully short. I am fully short though.

Again, we are still very close to the top and i would not attempt to trail the stop, unless i am day trading. Violent snapbacks and stop runs are common when we are so close to the top. Only after a sustained selloff would i think about a traling stop.

Thank you for your reply and those tips. That S&P 1120.00 number still haunts me and that is why I have mainly been looking long. A close over 1120.00 looks like 1135.00 is very possible to me, and that is why I'm only 10% short at this time.

Best of trades,
JDJ

fwiw..if ES 1087 holds the downside...bullish...if not...and OEX can't hold 505..bearish..just trying to keep it simple..

fwiw..if ES 1087 holds the downside...bullish...if not...and OEX can't hold 505..bearish..just trying to keep it simple..

Simple is what I need, will look at those numbers on my charts and see if I can indentify them.

Thank you,
JDJ

Looks like "Burn the bears" rally has begun on the U.S dollar !