JACK IN THE BOX...

well it poked it's dirty little head out above my box for a few today... kinda like that game where you wait for the groundhogs to pop outta that hole and have ta bop em w/ that funny mallet... anyway... we're left w/ an IT uptrend colliding with the point where price is closest it's been yet to the dominant LT downtrend... soooo... where my hourly gave me a mechanical buy signal... my daily confluence of resistance said that the risk was low for the short side... this is where the subjective artistic face of TA comes to light (and where indicators sometimes fail)... we are so close to the point where i'll know if i'm mistaken...

oh yeah... the neg divergences building up are very telling...


Still Short via: SDS @ 60.16 and SPY 136 puts @ 1.36

http://stockcharts.c...1908&r=7055.png


http://stockcharts.c...0747&r=5643.png

Good work. Thanks for your update. When your SDS 60.16 triggered, Jack only in close to middle of the Box, what made you jumped in? gf

Good work. Thanks for your update.

When your SDS 60.16 triggered, Jack only in close to middle of the Box, what made you jumped in?

gf

Hi GF... the SDS was entered early on a 30 min SPY sell signal in anticipation of of the hourly sell... kinda sloppy... basically a small seed position to start building a full scale short pos... we'll see...

Are you considering the weekly chart?

Are you considering the weekly chart?

I keep aware of what the weekly's are doing... i don't trade directly off of them though... why?

JACK's back in the BOX... for now...