3 replies to this topic

[hiker]

a variety of index futures, ETF's and equities entered late yest and today on strength. may simply be scalps ( if limited downside action today) or losses if day's highs are taken out today. not much posting here about short trades recently. two different upper price channels have been tested on the Dow daily chart. light short exposure for now. --------- note JSDA low (24.57) of the current decline vs. the near-term support t/l on the daily...no buy signal yet on the JSDA 60 minute

Edited by hiker, 26 April 2007 - 08:54 AM.

[arbman]

I only short RUT and other smaller companies, they are so doomed, the rates are going higher and the RUT's heavily financial composition weakens it even more everytime the rates tick higher. It underperforms every rally and gives them all back even during a pullback. There is a huge divergence with the large caps since the last summer, I think countdown toward a bear market has begun, but it still has a long way to go, anywhere from a year or more. I don't think shorting the tech is a good idea either since it will blow off after coiling up for years at the lows. The large caps are also muddling through, this recent performance since the March lows is obviously unsustainable and it will retrace. I will see whether the retracement will turn into another correction into the summer, I do expect it will. But, I don't think the shorts fully capitulated yet, the Fed is telling us they didn't!

[jjc]

All I can say is be prepared to flip long when the selling drys up. It will turn on a dime. Of course, I'm short also.

[arbman]

All I can say is be prepared to flip long when the selling drys up. It will turn on a dime.

Of course, I'm short also.

I am not index short yet, I have a few suckers, but overall I am marginally long, but my longs are strong and leveraged...


I daytrade short RUT time to time, I did this morning and covered already...