Right near DOW 12490. Bought DJX 12600 puts for $1.35
Shorting here...
Started by
NAV
, Apr 12 2007 09:32 AM
4 replies to this topic
#1
Posted 12 April 2007 - 09:32 AM
#2
Posted 12 April 2007 - 10:05 AM
This must be a very short term trade since the indices are just coming out of their declining wedge with a high volume capitulation at the lows. This usually marks a sustainable bottom for a day or two...
The USD is declining, the operators are willing to pump up the markets even more. The small spec in the futures shall be crushed before a sustainable move lower, imho. In fact the option traders will turn fully bullish in any rally from here to close the gap.
The gap itself is also a bearish gimmick, with the current monetary model, the value of the stock markets is only measured by the inflation numerology, not what the companies earn anyway.
I used to think the gaps as the inflection point in the earnings, but I favor now the gaps need to be something like 20-30 points to be considered anything of that sort now. You devalue a currency by inflating or drain enough from the money supply, you can close any gap up or down eventually...
- kisa
#3
Posted 12 April 2007 - 10:28 AM
Just posted this elsewhere...
I have closing sell signals as of yesterday's close on the QQQ, NDX, Nasdaq, SPX, DOW, OEX, RUT, NYSE, and SPY. In addition the SOX had a negative signal line cross (didn't go high enough for a sell) as did the BKX. The BKX cross occurred in a midrange indicator area but at a price point below where last week's buy signal occurred (negative). SMH has gone high enough for a sell but the cross has not occurred yet.
I have been almost totally unavailable for two days. I turned on the computer yesterday with the intentions of shorting the open (I had to leave for the day shortly after) even though no signals had occurred. I was so busy that I just chose not to bother since no signals had fired. I do not like the trade when the signals fire at the close of a drop like yesterday's since the signals are short term in nature. But I like the signal much better when they bounce it the next day. I really wasn't expecting a big one here (drop that is) since internals had been so strong (except volume) but there you have it.
I have closing sell signals as of yesterday's close on the QQQ, NDX, Nasdaq, SPX, DOW, OEX, RUT, NYSE, and SPY. In addition the SOX had a negative signal line cross (didn't go high enough for a sell) as did the BKX. The BKX cross occurred in a midrange indicator area but at a price point below where last week's buy signal occurred (negative). SMH has gone high enough for a sell but the cross has not occurred yet.
I have been almost totally unavailable for two days. I turned on the computer yesterday with the intentions of shorting the open (I had to leave for the day shortly after) even though no signals had occurred. I was so busy that I just chose not to bother since no signals had fired. I do not like the trade when the signals fire at the close of a drop like yesterday's since the signals are short term in nature. But I like the signal much better when they bounce it the next day. I really wasn't expecting a big one here (drop that is) since internals had been so strong (except volume) but there you have it.
#4
Posted 12 April 2007 - 11:31 AM
Added more DJX puts for $1.05 around 12520 level.
Avergae price now works out to be $1.2
Edited by NAV, 12 April 2007 - 11:32 AM.
#5
Posted 12 April 2007 - 12:02 PM
DJX/3min sell but 5-15-30 min buy
DJWPV /1.75/1.05 high/low
vitaminm