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[viccarter]

45/hourly has turned back LONG this morning. This not an emotional decision. Pure risk management. When on a long, I don't trade short unless I have a greater, overriding premise. It is not an entry/exit system. But if I trade, it will be a long trade until it turns again. We had been on a SELL since Tuesday morning, and now we are not. When we were on a sell, I had no major thesis to sell short, so I put on a trade or 2 in the direction on a short term basis as appropriate. Yesterday, I saw the QQQ looking like it wanted to break out long, so I didn't have in reason to be bearish. Right now we are up about the same as the afterhours bump yesterday. Really, the slowness of this makes me a little more bullish. Status: will be LONG or FLAT until further notice with respect to RUT.

Edited by viccarter, 12 February 2015 - 01:08 PM.