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RUT & NDX THOUGHTS


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#1 Mr Dev

Mr Dev

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Posted 22 June 2007 - 09:43 AM

Well I really felt we were wedging yesterday al la 2002 the good ol days. And we were,.. that's why such a small bet to the upside ...my bad for forgetting they moved the Blackie offer up to today...that explains alot of yesterday as far as I'm concerned .. so...for those that thought I rarely lose a trade here is another small give back today since my last big winner that ended in a BIG way. Now to get back on track with the plan that was to short what could of been a stronger open. Seeing that it wasn't controlled that way they may be saving some energy for the close but that's ok I'm still exiting the small Long position here this morning and going short RUT as the DOW and the S&P internals and financial, along with liesure, consumers,,..etc have already broken down on my charts and I expect that they can hide over in tech but not for to much longer. The RuT is very near a propulsion line to the Downside.. if that hits we could see a rather swift... 5% ...sell off there! That's it for now trades safe

Edited by Mr Dev, 22 June 2007 - 09:44 AM.


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