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[viccarter]

Was long Monday; out for 12+ RUT within first hour to trading and out. Was long at EOD Wed. Posted we were looking near a bottom b/c had a daily buy which failed into Thursday then recovered slightly positive to flat by close yesterday. I held long O/N yesterday under very mixed signals. Closed at a SELL under last 135 bar yesterday -- very bearish, but held because the day ended with another buy on some indices. So basically held a daily buy into a 135 sell on that last bar yesterday -- would suggest down this morning and then recover some over today to next few days. Now you must understand this is touch and go now, very dangerous right here due to a number of reasons. I cycle everything from monthly to 5 minutes, but trade daily, 135 min, 45 min bars. You have here daily trends colliding with weekly, monthly trends. I was getting monthly mean reversion sells at the end of January in RUT. I got monthly sells on GLD, SLV, COPPER at EOM Feb. Plus a monthly buy on DXY EOM, Feb. What is key, is to know and understand these things while watching your daily, 135min charts. I saw the daily breath breaking down by the EOM April on RUT, and I've posted extensively on all this, but in the end you have to take each trade and signal in context. All the while understanding that you are trading in trend/countertrend. For the last month, my long signals have struggled more because I have been taking them countertrend, but I have been able to manage them well, getting out flat or with small profits on the last couple. This is the first long signal that has blown up in my face in a while. In the context of Monday's profit, it is not a big deal. YET. This market is very dangerous, and it is time to use extreme caution and not be a hero. I may blow out of longs at any time here. Watching very close.