5 replies to this topic

[NAV]

Bought SDS at 56.56 (around SPX 1445).

Edited by NAV, 09 April 2007 - 09:53 AM.

[denleo]

I am thinking about it too. Is that a day trade for 5 points or you will try to swing this for more? Thanks Denleo

[NAV]

I am thinking about it too. Is that a day trade for 5 points or you will try to swing this for more?

Thanks

Denleo

Denleo,

I am looking at a swing trade here for 20-25 SPX points. We are getting close to my target of SPX 1455, which i had mentioned when we were at SPX 1416. Will add more to my short position, if we rally to 1455.

I have a high odds setup for a selloff on my 30-min charts. We'll see...

Edited by NAV, 09 April 2007 - 10:30 AM.

[OEXCHAOS]

I agree. Something smells off. I'm also thinking that good news is bad for bonds and thus stocks will be under pressure. So far, it looks like the (somewhat inadequate) fuel is spent. BTW, nice to have you back again. It's a joy to watch you trade. Mark

[NAV]

I agree. Something smells off. I'm also thinking that good news is bad for bonds and thus stocks will be under pressure. So far, it looks like the (somewhat inadequate) fuel is spent.

BTW, nice to have you back again. It's a joy to watch you trade.

Mark

Mark,

Look at the Equity and OEX P/C ratio today. Doesn't look good, if one is bullish (which i was until today).

[jmicou]

Seen many posts and such indicating at least a pullback this week. ST, we entered the week OB. Went from long way out on margin to a little over marging at the close on Thursday. Looking for a daily sell to "hedge" or "swing short" based on trading on multiple timeframes. Problem is, that as the internals improve, the short side will become increasingly difficult to trade. That's what signals are for, right?