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I'M NET SHORT STILL... big F$%&ing time...

Started by TheArchitect , Mar 20 2008 08:08 PM

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14 replies to this topic

#1 TheArchitect

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1,659 posts

Posted 20 March 2008 - 08:08 PM

short term... like monday-tuesday at most... momentum's turning back down for a decline...

i was looking for a climatic sell off... to take that VIX up above 38ish and result in a neg divergence in the oscillators (CCI here)... that's still playing out... kinda...

... but as the title reads... i've got two charts that are pointing (especially after today) to a nice rally... like a week or two type rally...

but VST... we're lookkng at that sell off... BOOK IT... it's gonna happen... and that'll probabaly be it... launch pad will be positioned... and april RALLY will begin...

right now i'm just looking for a 1/2% to 1% jump on monday at the worst (for me)... and a sell off to let me close out all those f&%$ing puts i've been sitting on since late tuesday... most paper profits i had on the books at yesterdays close were wiped clean today... that'll be resolved monday...

OK... so here's the 2 charts...

my XPC's starting to signal a buy... i don't fade this for nothing...
http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=0&mn=9&dy=0&i=p81319368318&a=129296475&r=823.png

CCI of the NYSI... well you see...
http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&yr=0&mn=8&dy=0&i=p59362036938&a=131270267&r=4443.png

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#2 The End

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740 posts

Posted 20 March 2008 - 08:45 PM

I think we have an outside shot at the Gap on the SPX near 1367. I will sell my calls from 1345 on up. Enjoy your weak-end.

Edited by The End, 20 March 2008 - 08:45 PM.

NONE of what I type should be taken as financial advice.

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#3 Darris

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1,667 posts

Posted 20 March 2008 - 09:37 PM

Have not had a kiss of life in a while. Time for a change. Monday after OPEX is usually down, but if it is not, and we gap up, watch out. rydex should tell the story on that futures sell off at the close, but if not it is a clue.