It's the same pattern and MACD signature on the DOW right now. Let's see if we can generate a selloff here. Don't say you have not been warned
. Trade well.
Edited by NAV, 11 May 2007 - 12:42 PM.
Remember this...
Started by
NAV
, May 11 2007 12:41 PM
7 replies to this topic
#1
NAV
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Posted 11 May 2007 - 12:41 PM
It's the same pattern and MACD signature on the DOW right now. Let's see if we can generate a selloff here. Don't say you have not been warned
. Trade well.
#2
skott
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Posted 11 May 2007 - 12:44 PM
I did make money on that. was that just yesterday? seems like ages ago. but it's an unbelievable bull. just ask da chief.
#3
NAV
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Posted 11 May 2007 - 12:44 PM
I am short the YM again from 13352 with a stop at 13368. Will call it a day, if i get stopped out
#4
hiker
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Posted 11 May 2007 - 12:51 PM
it is Friday.
the move may likely wait till Monday, whichever direction it resolves.
I am short some index futures. Long some ETF's and some stocks. Short some stocks.
#5
jjc
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Posted 11 May 2007 - 01:25 PM
it is Friday.
the move may likely wait till Monday, whichever direction it resolves.
I am short some index futures. Long some ETF's and some stocks. Short some stocks.
Very good point hiker!
#6
arbman
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Posted 11 May 2007 - 01:42 PM
I took a short at the second high too, but I don't have much hopes at the moment despite the bearish slippery slope developing at the moment... 
#7
NAV
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Posted 11 May 2007 - 02:57 PM
Closed out the short at breakeven. Will sleep well over the weekend.
#8
arbman
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Posted 11 May 2007 - 08:10 PM
I added to my short into the close in RUT puts for June and hedged a bit with the cheap May OIH and SMH calls, I have very bad feelings about this extreme closing for Monday morning with the confirmed downtrend in the breath. Overall, it is a trading position. I expect at least a retest near the lows before rallying any higher...
