10 replies to this topic

[thespookyone]

Hey Mr Dev- Related to a lot of what you are saying. On MA's, I've been using 3/8 for quite a while. I find waiting for crosses on that particular pair filters out a lot of "smoke and noise" for me. I've been trading Q puts very short term, and sometimes intraday-but mostly prefer other vehicles for daytrades. Calling day to day action has been good to me, and, as you say-why stop? I posted I saw rates going up about a half a billion (or so,lol) times here, BUT, it would seem that the cnbc stooges (astronaut pants required wear every day) may have actually convinced someone other than Joe Sixpack that rates were headed down-go figuire. Like yourself, my trading time frames have been kept very short-my reasoning was to avoid risk-and maximize profit. I may, begin to lengthen them, however-as we head into some Accapulco cliff diver style charts, where way too much down movement can be missed on large gap down opens-which I think we will see. As far as this week goes, I basically stated my opinion Thursday, where I predicted a gap up and run Friday, a continued countertrend rally Monday and Tuesday, and an "I probably pull the trigger hard short Wednsday morning". All subject to change with market conditions, but the countertrend rallys are usually 3 to 4 days-and I think I'll just stick with the proven simplicity and expect the same here. Experience tells me there can be a lot of stalling or movement in OEX weeks, but I figuire if we rally Monday and Tuesday, maybe even a small gap up Wedns.(gap and SLAP, that is)- we should be able to continue the downward path of last week -without causing too many of the stupid money puts purchased Thursday to get cashed for a profit. Spooky

Edited by thespookyone, 10 June 2007 - 07:29 PM.