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[viccarter]

Holding short RUT via 2 TZA positions, took on 26th and posted in the forum real time.


http://www.traders-t...howtopic=127218

Was able to catch big moves 1st week of Jan, but missed big moves in RUT last week was not swing short and got froze in my tracks and juked like Barry Sanders on a linebacker for just pennies when I was looking down all the way. Now, I have caught a lot of this move here so far and am holding heavy size. Problem is right now, volatility on the 60 min RVX is too high and we will have to consolidate. I am thinking here, and just talking btw, but I have kept as a thesis that these thing will deflate down the way of NFLX; CMG; DECK. Meaning we get 2-3 days of hard and scary and 1-2 weeks of consolidation, slowly up. I for one, don't have the patience to sit through all that if it turns out to be these slow rounding tops. So I am looking a several things to cover:

%ABOVE 50MA RUT with RSI -5 of %ABOVE 50 DAY MA -- if this gets <15; will cover, prob 1-2 more hard days down if happens;

daily above +4 sig at anytime on RVX; bands are skinny so won't really take much;

already concerned about monday fun day but will just have to see what we get.

mental stop area moved down to 795; had 810 as stop area the other day. Also have GTC + limit orders sitting $21 and $21.50 on TZA just in case anything stupid happens.

GLTA