4 replies to this topic

[Mr Dev]

Exited the DYN RUT trade .... and unfortunately it felt it had to come in before the close. I expect that it could test todays high again tomorrow but not sure if that will be morning mid day or the close. Anyway the Daily Sell signal is still on the RUT... and not yet on the NDX. However,... my short term bullish set up for the RUT is still on .. so this is challenging... because short term the NDX looks like it may be vulnerable to some pullback. I FLIPPED from the Long side to the SHORT SIDE,,.. and for the First Time in many weeks now Playing the NDX instead of the RUT. They both could pullback here, but one reason for jumping over to the NDX now is ,.... I feel it has a little more potential to pay a little extra if we get some volatility....I could be wrong tho. Trading safe still 50% position and will exit if we get a decent down move in the morning and then I probably will flipp long again into the close.

Edited by Mr Dev, 25 April 2007 - 03:38 PM.

[Mr Dev]

Kind of a Spread play... and I do know that the RUT could simply vault higher to help close it.

[redfoliage2]

Big players are moving form small caps into large caps leading to this divergence. The momemtum is on the large side though.

Edited by redfoliage2, 25 April 2007 - 04:22 PM.

[kemo1k]

"..and will exit if we get a decent down move in the morning and then I probably will flipp long again into the close. [/quote] What is your decision point on the size of the down move in order to flip back to 50% or 100% long? What would be the pain point to either bail, hold, or add to your short position? Thanks Dev. Enjoy your posts.

[Mr Dev]

"..and will exit if we get a decent down move in the morning and then I probably

will flipp long again into the close.


What is your decision point on the size of the down move in order to flip back to 50% or 100% long? What would be the pain point to either bail, hold, or add to your short position?



Thanks Dev. Enjoy your posts.

hi K
Well there is NO real pain points in my style of trading.

I may not even get a down move it may just appear to be flat.... so I guess to answer your question...

I've pretty much decided I will exit if it is Flat to Down and FLIPP LONG.

I don't like to be short into the close on Thursdays. I would rather be exiting Longs!

So 80% sure of what I will do but leaving 20% of the decision process up to my read on the market

indicators around 7-7:15 am pst.

Best

Edited by Mr Dev, 26 April 2007 - 02:32 AM.