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Today = Degenerate tape in RUT


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#1 viccarter

viccarter

    TRIN_Rida

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Posted 13 April 2012 - 03:55 PM

This chart doesn't even begin to show the whipsaw. We couldn't even tick-trend above the 0 line in RUT. I've seen 20-25 handle down days where we got above 0 line. Every time you had a decent divergence or entry, it was met with a volatile move up for a couple minutes followed by 30 minutes of selling straight down. Most of the time these are good entries.
I think I jinxed it by noting last night how frustrating it is to short on Friday's, and that is why I normally will not take a daytrade short on a Friday <_<

In cash, will be back Monday. It obviously looks bad and like it could go down more, but I noticed the run held up pretty good at the EOD compared to SPX, so that is worth noting. It can go either way, and I have no idea which, so I'll wait it out for swings until the picture is clearer.

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