7 replies to this topic

[IndexTrader]

When we last left off in my ongoing saga, I was short from an adjusted price of 1439.50, and had placed a hard stop at 1464.50. Frankly, I thought the bulls had me. And certainly, if history is any guide, the fact that I am now posting this should trigger a rally. I'm going to leave my stop in place for now though at 1464.50. In my opinion there are major momentum divergences, not only between averages, but between indicators like the McClellan Summation Index for instance. Last time I saw this type of divergence was October 2002. I think that makes holding a short here worth it. No high fiving here though. All I did today was get even again! Pretty bad when even that thrills you. IT

[A-ha]

I always appreciate when someone comes here and tells us what he/she is doing or going to do. Not what he has already done after the fact. That is pure BS to me. And it is my observation that those who tell us what he has done after the fact , in fact, are nowhere near the beginning of the move but the end. That is why I never miss what you post on TT and I thank you for being open and honest beforehand.

Edited by xD&Cox, 09 February 2007 - 03:18 PM.

[BigBadBear]

Highfiving bears ?

[eminimee]

I've tried to post my trades on this put and hedge position as close to real time as anyone could conceiveably do it. And I'll tell ya....it's a pain in the @ss. Noone gets anything out of it anyways. As far as posting what you are going to do before hand?....hmmmm.....I don't know about you ....but things can change in an instant causing complete 180's with me.

[A-ha]

I've tried to post my trades on this put and hedge position as close to real time as anyone could conceiveably do it. And I'll tell ya....it's a pain in the @ss. Noone gets anything out of it anyways. As far as posting what you are going to do before hand?....hmmmm.....I don't know about you ....but things can change in an instant causing complete 180's with me.

I know you do and I appreciate them. That was a nice trade on OEX puts.

[Cirrus]

Thanks for showing up Indextrader. For me the trigger to buy my IWM puts was some of the internals you mentioned but moreso the OEX P/C data. I hate to use a single indicator that's not price to make a trade but this one has done sooo well the past 6 or 7 years and there's plenty of other stuff lined up along side the OEX P/C. I did some shorting today in a couple of sectors and indexes. I still like IWM puts and I'm only buying in-the-money puts here.

[.Blizzard]

Thanks for showing up Indextrader. For me the trigger to buy my IWM puts was some of the internals you mentioned but moreso the OEX P/C data. I hate to use a single indicator that's not price to make a trade but this one has done sooo well the past 6 or 7 years and there's plenty of other stuff lined up along side the OEX P/C. I did some shorting today in a couple of sectors and indexes. I still like IWM puts and I'm only buying in-the-money puts here.

Cirrus,

You are a great trader

I read many of your posts here and I've found your comments very professional and always appropriate

I think the same thing regards IndexTrader.

Only different trading styles

[jjc]

I've tried to post my trades on this put and hedge position as close to real time as anyone could conceiveably do it. And I'll tell ya....it's a pain in the @ss. Noone gets anything out of it anyways. As far as posting what you are going to do before hand?....hmmmm.....I don't know about you ....but things can change in an instant causing complete 180's with me.

Teaparty,
I appreciate your posts! I know it is hard it is to get the post out.

Thx.