IWM is leading, will take another look in a couple days,
very dangerous short here. Still holding pilot TZA.
I want to see lower time frames overbought again.
Shook me out
Started by
CLK
, Aug 20 2013 10:09 AM
1 reply to this topic
#1
Posted 20 August 2013 - 10:09 AM
#2
Posted 20 August 2013 - 05:36 PM
I don't want to chase this lower.....I think worst case we chop sideways a couple more days to work
oversold off, I want to see a time stamp signature for waiting, best case the market rallies tomorrow sometime,
the structure is telling me not much upside here, like May 2012, just a pause to continue. So, I've dumped my core short position,
what now, well wait, still have pilot TZA and long term put spread, getting bagged on st contracts, so something
needs to progress in my favor soon. I think June lows are looming as a magnet, but I need time on my side first.