NDX vs RUT & DOW vs Sp ..... Trades
#1
Posted 27 April 2007 - 09:53 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
Posted 27 April 2007 - 10:40 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 27 April 2007 - 10:42 AM
...the dollar .... a very contrary play in know that's why I like it.. and short term osc says it should get a bounce..
thanks for the info
Intraday British Pound short was another nice trade on a fade the news move. More fun than watching the equity market go nowhere for now.
#5
Posted 27 April 2007 - 10:49 AM
#6
Posted 27 April 2007 - 11:56 AM
Well having moved back to the short side on the RUT yesterday and liking what I'm seeing there,..I'm adding
another 25% to the leveraged position. My thoughts to many players are still involved in shorting the Qs and QID for me to continue to play in that sand box.
However, in contrast most of those same folks are flat out scared to play in the RUT. So that's still where I want
to be especially since my daily sell signal and the obvious down pressure are still in sync.
Now over to the DOW and S&P comparison ...guess what it's the same... now whether that is because we are
comparing a much smaller index to a much larger index ...I don't know ..but it is easy to see that the Dow
is floating more easily than the S&P ...and the NDX is floating more easily than the RUT.
So that's where I'm focusing on the short side....if I see strength in the Rut I'm looking to the S&P not the NDX at this time.
As far as the UTls and Energy Service Plays go... I'm still ok with those untill next week where if they don't
start to POP again... I will look to take half off and move that into the dollar,...in fact I may start that
process today, and I'll add to my short RUT position as I did today.
Trading in the dollar will take some time and its only a trade I'm not looking for anything inter-long term yet.
Best to all, have a good weekend and Trade Safe.