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Selling the gap up


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#1 arbman

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Posted 15 May 2007 - 08:13 AM

So much negativity into the CPI and everything is better now... ... not! :P

#2 jjc

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Posted 15 May 2007 - 10:15 AM

So much negativity into the CPI and everything is better now...


... not! :P

Did you catch the Euro's (and golds) reponse to the numbers; :P

#3 arbman

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Posted 15 May 2007 - 11:16 AM

I am stopped out, they caught me! At least closed all with profit... :P I think a terminal rally starts with this 10 wk low. Maybe one more chance to enter, but the sentiment should probably surge from here with the deteriorating internals and liquidity... - kisa

#4 Mr Dev

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Posted 15 May 2007 - 12:10 PM

I am stopped out, they caught me!
- kisa


Sorry to hear that part.

.. .. ..
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!

#5 arbman

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Posted 15 May 2007 - 12:45 PM

Thanks, it happens, you know ;) It was the last 1/3 short from yesterday... I took a little day trade short after the squeeze, perhaps the best is yet to come, but I did not load...

#6 Mr Dev

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Posted 15 May 2007 - 01:31 PM

a win is a win is a win .... no matter how small....

...something was done right!


.. .. ..
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!

#7 arbman

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Posted 15 May 2007 - 01:44 PM

WOW! It just keeps going lower, I did the entry right, I didn't do the holding on to the position part quite right. I should've known better with the P/C ratios overly bearish, I guess the shorts are feeling like lucky for being able to cover at any pull back and take a stab at the long side. However, I am still thinking that the moment the P/C goes over 1, there will be another rally higher over the 2 weeks...

After all, the boyz induced this sell off --securities lending at the secondary market;

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#8 arbman

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Posted 15 May 2007 - 02:57 PM

The volume surges into the close a bit, I am covering here the day trade, plenty of profit here. It can gap up with this closing a bit...