16 replies to this topic

[NAV]

Added more DJX puts at 1.05 ES 1454 is my line in the sand. IF it gets taken out, i will close my positions and take the loss.

[denleo]

I shorted a few S&P futures contracts at 1451. Small position. Short-term trade. Denleo

[eminimee]

May need another high into next week...

http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=2&dy=21&i=p43084282373&a=89602802&r=9234.png

[jjc]

Added more DJX puts at 1.05

Nav,
I must say I'm a bit confused by your trade as I watch the tape and run my models; I'm flat since the
morning short; The 10:30 fade was just shy of being stong enough move for me to take it, so I'm resting on my morning's earnings; but I'm curious as hell to see how this turns out for you. May I ask what your
looking at?

[arbman]

Tman, that's how I see it too, there is money to be made on the short side a bit, but vst. Then we should see another rally attempt into next week. The leadership is changing folks, today the outperformers are tech, industrials and materials. The utilities are underperforming, but nothing spectacular of course, so I must think that this is forming a ST bottom here. BUT for the IT, the trend is still down since the financials are still leading lower... - kisa

[NAV]

Added more DJX puts at 1.05

Nav,
I must say I'm a bit confused by your trade as I watch the tape and run my models; I'm flat since the
morning short; The 10:30 fade was just shy of being stong enough move for me to take it, so I'm resting on my morning's earnings; but I'm curious as hell to see how this turns out for you. May I ask what your
looking at?

jjc,

I don't look at 5-min trends. They don't mean anything to me. I am hourly swing trader. Hourly trend is still down and we are approaching the 1453.75 resitance on the 30-min charts. The 30-min momentum is overbought. What would you do ?

[espresso]

[quote name='Teaparty' date='Apr 12 2007, 04:41 PM' post='282326']
May need another high into next week...



Teaparty you're chart is very convergent with my mom...

[vitaminm]

Added more DJX puts at 1.05

Nav,
I must say I'm a bit confused by your trade as I watch the tape and run my models; I'm flat since the
morning short; The 10:30 fade was just shy of being stong enough move for me to take it, so I'm resting on my morning's earnings; but I'm curious as hell to see how this turns out for you. May I ask what your
looking at?

jjc,

I don't look at 5-min trends. They don't mean anything to me. I am hourly swing trader. Hourly trend is still down and we are approaching the 1453.75 resitance on the 30-min charts. The 30-min momentum is overbought. What would you do ?

1453.75 or 1445 on hrly?

[denleo]

I am out. Lost 3 points. Every time I take a bearish bet I feel stupid even when I make money. Denleo

[NAV]

Closed my DOW puts at .95 for a small loss.