See my post on RUT rolling over a bit below. Was short hi 1093's June TF Monday off the 135 minute. No real gung ho signal, just standard risk/reward trade. Target was 1075 ish with a 5-6 point stop. Carried it overnite and had 10point run up cushion. Just wouldn't come back down y'day, anLd toward the afternoon was taking 3+points of heat and consolidating near highs of day. Was sure they were gonna pop it a couple points higher and tag my stop so scratched in when I got the chance in the low 1094's...
Of course the stop would have never got tagged... targets hit today and then some... Geez.
I promise you was all over this short on the gold miners too. Late last night, saw the gold futures down a bit and was hoping GDX/GDXJ wouldn't be down too much this morning and give me the chance to short. But they were down like 4% in premarket and I can't chase that. It's easy to say now, you should have still jumped on it at 4% with it down 6.5%, but that's just not sound thinking for the most part.
