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NDX & RUT THOGHTS


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#1 Mr Dev

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Posted 28 June 2007 - 03:00 PM

From this mornings entry on either the NDX or RUT you got a winner. For my short position held from yesterdays close that's flat..more or less and this mornings position is only gonna pay about .13%x2 or .26% on the day. But still in the plus column never the less. Adding to shorts here at the close and sticking with the NDX ....risk here is the way they can gap it as we are again close to the highs... mostly due to the way the manipulate the SOX on down days...its been holding up the NDX the most. And notice when all the markets were doing well today the DOG SOX sold off again.. Dag that only about a 3 point move now since Mid December 06 :lol: ...how much has that foretold anything about the rest of the markets..nil imho. Back to trading things that move...still with the NDX here... and still not that comfortable ...but think... I can pull off the winner maybe in the morning. If we do see a real dip ....I will be exiting ....well that's the plan anyway. All best ...trade well.

Edited by Mr Dev, 28 June 2007 - 03:02 PM.


.. .. ..
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!

#2 cybersaavy

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Posted 28 June 2007 - 03:31 PM

Appears to be a fairly clean fiver off the top here and approaching target now. I would anticipate a 3 wave advance to follow after it eventually tags its low.

cs

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#3 Mr Dev

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Posted 28 June 2007 - 06:39 PM

Mr Saavy Nice to see you. Thanks for sharing your screen shots,.. as usual you provide the most dramatic images ! A word to the wise. Best ;)

.. .. ..
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!