RUT Comments
#1
Posted 11 July 2013 - 03:18 PM
#2
Posted 11 July 2013 - 03:20 PM
1) pre-4th July holiday entered 2nd phase of run up. This ended on Fed y'day.
2) now in 3rd phase of run up. Today day 1. Guessing 3rd phase will be LESS than 5 trading days so Fri, Mon, Tues, Wed, Th. next wk. Will be starting the stalk for shorts by Tuesday. Things can change depending on tape, but game plan.
3) Analogue was/is March into April 2011 for me. Never took seriously a July into Aug 2011 thesis on this run up. Played 2nd phase long. Also long thesis y'day mid day as posted real time.
4) I may comment on AAII sentiment numbers at length later, but for now, "inconclusive" is the call. Neither bullish nor bearish.
sorry, today is day 1. So Friday, Mon, Tuesday, Wed. Tuesday begin stalk. (plan anyway)