eom
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Started by
fluid
, Sep 05 2013 03:48 PM
5 replies to this topic
#2
Sentient Being
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Posted 05 September 2013 - 04:36 PM
Good luck. I'm still long the general domestic equities.
The thing that came through for me again today was the bond short fund TBT. Up another 2.8% again today. But being a 2X fund I guess I'll see those sorts of swings in both directions until it shakes me out. Thus far I'm up 6% I think so I'm happy there. Hoping however to hang on for the long term and my trailing stop loss is still back in the negative or loss side just a tad. There is some sign TLT has bottomed so I'm concerned this inverse fund may start dumping on me.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
K Wave
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Posted 05 September 2013 - 04:51 PM
eom
I got out today as well...
Bulls have had their 3 days of fun...now it gets a bit tricky...
If we do sell off here, and I think there is good chance of downward action tomorrow, will be watching NQ closely to try to get some clues....first sign of trouble would be back below 3110, and larger sign of trouble would be below 3100....
If bears cant take out that huge pivot on the next attack down, then bully may have quite a bit more in the tank....
But if they do blowout that pivot, then things could get a bit out hand downside into mid-September...
Edited by K Wave, 05 September 2013 - 04:52 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
zoropb
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Posted 05 September 2013 - 06:38 PM
No skinny dipping on this one Flu nice trade.eom
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#5
fluid
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Posted 06 September 2013 - 09:54 AM
No skinny dipping on this one Flu nice trade.eom
thank you Zoro, I take that as a real compliment as it is from you, who I respect highly.
And you too K Wave.
#6
fluid
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Posted 06 September 2013 - 09:58 AM
eom
I got out today as well...
Bulls have had their 3 days of fun...now it gets a bit tricky...
If we do sell off here, and I think there is good chance of downward action tomorrow, will be watching NQ closely to try to get some clues....first sign of trouble would be back below 3110, and larger sign of trouble would be below 3100....
If bears cant take out that huge pivot on the next attack down, then bully may have quite a bit more in the tank....
But if they do blowout that pivot, then things could get a bit out hand downside into mid-September...
Totally agree, should get clearer very time.
Extremely well done on your trade.
