MARKET THOUGHTS & RUT TRADE

well i like the fact that the markets are not closing on the lows at least not for the RUT at this time. it improves the outlook that the move is not yet done...and we may get a wash out MONDAY. even if we do not GAP DOWN on the next open i just see the sell signal as starting for most players in the market and i may get more than this day of profits. so simply the fully short trade remains on and so does the winning streak for that matter. i think we may get a very nice swing trade on this one but i will be focused on trying to get my exit ...well just right. trade safe

Edited by Mr Dev, 16 July 2010 - 03:09 PM.

well i like the fact that the markets are not closing on the lows at least not for the RUT at this time. it improves the outlook that the move is not yet done...and we may get a wash out MONDAY.

even if we do not GAP DOWN on the next open i just see the sell signal as starting for most players in the market and i may get more than this day of profits.

so simply the fully short trade remains on and so does the winning streak for that matter. i think we may get a very nice swing trade on this one but i will be focused on trying to get my

exit ...well just right.

trade safe

You are very good Mr Dev. I am waiting till Tuesday to cover. Tuesday near the close we should be under 1000 . Have a great weekend and thanks for your constant updates. You are a delight to read and learn from.

well i like the fact that the markets are not closing on the lows at least not for the RUT at this time. it improves the outlook that the move is not yet done...and we may get a wash out MONDAY.

even if we do not GAP DOWN on the next open i just see the sell signal as starting for most players in the market and i may get more than this day of profits.

so simply the fully short trade remains on and so does the winning streak for that matter. i think we may get a very nice swing trade on this one but i will be focused on trying to get my

exit ...well just right.

trade safe

Congratulations, Mr Dev. Nicely done as usual. I missed this one, I'm afraid. Been too distracted this week with other matters to review my charts.

humbled

Dev, do you think we are going straight to new lows? or you are still expecting a trading range? Either RUT or SPX... Congrats, you took the pain and came out winning...

well i like the fact that the markets are not closing on the lows at least not for the RUT at this time. it improves the outlook that the move is not yet done...and we may get a wash out MONDAY.

even if we do not GAP DOWN on the next open i just see the sell signal as starting for most players in the market and i may get more than this day of profits.

so simply the fully short trade remains on and so does the winning streak for that matter. i think we may get a very nice swing trade on this one but i will be focused on trying to get my

exit ...well just right.

trade safe

Did I say you always turn out win? Good patience and calm! Congratulate on another win.

I too am holding my shorts, but we will have an actionable up movement after this. We can't start new lows here because it would be atypical for a bull to end in this fashion. 3 weeks of bullish chop are up ahead.