boght small SPY position...Gapfill play
covered my short @108.23
Started by
andiron
, Jul 15 2010 09:30 AM
6 replies to this topic
#2
porsche911sg
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Posted 15 July 2010 - 09:33 AM
Congrats on your short play...boght small SPY position...Gapfill play
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
mogreen
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Posted 15 July 2010 - 09:37 AM
Buyin some shorts in at SPX1081 level
Watchin to see if we break it and i'll buy em lower at 1075 area and 1066 level.
#4
andiron
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Posted 15 July 2010 - 09:38 AM
thx porsche..
dougy cass the bull is tweeting about backing &filling a good thing..we will see..
50 SMA rejection and gap fill rejection would mean only one thing..BYE BYE rally...we will see//
#5
porsche911sg
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Posted 15 July 2010 - 09:49 AM
I think so i posted on another trade i got short at 1096, i covered at 1088. A bit early, but i wanted to see what was going on I think the rebound tom at open we short from there than if it goes through we get big money.thx porsche..
dougy cass the bull is tweeting about backing &filling a good thing..we will see..
50 SMA rejection and gap fill rejection would mean only one thing..BYE BYE rally...we will see//
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#6
andiron
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Posted 15 July 2010 - 12:26 PM
selling my longs @109.2 (1%..Z says not too shabby)
flat ...disappointed by bears losing it
#7
porsche911sg
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Posted 15 July 2010 - 12:32 PM
I was expecting this. My system has not generated a trend sell like the last time when i wehn heavily short no confirmation of the next down leg.selling my longs @109.2 (1%..Z says not too shabby)
flat ...disappointed by bears losing it
Congrats again.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
