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[viccarter]

See post from last night about the juking they are pulling right now. What you are seeing is the response to NYSE Issues above 50day, laying down below for 4 days in a row. You know me: I make up new charts and read them upside down and backwards. For whatever its worth, every chart I had was on a sell, and I did feel strongly enough about this 50 day to be looking for the exit for shorts. To be fair, I hit the exit Friday afternoon, but I did think we'd retest lower today at some point. As I said last night shorting a lay down like this has never paid since 2009 and it didn't pay today. I started to add last night to even consider a long YM since it was showing most strength, but thats talk after the fact, and I was not long it myself. TRIN gave us a heads up on the short sell from the morning, and I took it, but frankly I bought the dip today, and felt as comfortable buying the dip as I've felt in a while. I don't have a position right NOW, but am certainly looking for the NEXT good short, and we will get it, I just don't think in the VST. Still really strong in belief of nice down over next 2-3 weeks. Hopefully, the charts will show me a clue when to scale back in. CALL: NEXT 2-3 WEEKS EXCELLENT SHORT EXITS AND OPPS NEXT 2-3 DAYS UP. I will NOT be playing the over night LONG SIDE.

Edited by viccarter, 03 June 2013 - 03:15 PM.