Edited by Mr Dev, 02 July 2007 - 09:38 AM.
NDX & RUT THOUGHTS
Started by
Mr Dev
, Jul 02 2007 09:36 AM
2 replies to this topic
#1
Mr Dev
-
- Traders-Talk User
- 11,528 posts
Member
Posted 02 July 2007 - 09:36 AM
Well things have started off in typical Monday morning fashion although a bit stronger than I would think is
justified or expected.
At this mornings trade time the RUT gains over those of the NDX was tempting for a shift of 50% of the position.
However...between .10 and .18% in the am hours is not overwhelmingly favorable to me.. although it is close.
I was seriously considering a portion in gold but I think I'll give that another day.
Let's see how we close if as the NDX made its recent highs on am volume. I may try for a strategic exit of my short play and a quick long into or after the holiday.
So I'm not really excited about exiting my overall short position...even for trading purposes,...so you will
likely be hearing less of me in the next week.
Trade well
.. .. ..
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
Mr Dev
-
- Traders-Talk User
- 11,528 posts
Member
Posted 02 July 2007 - 01:17 PM
It looks like this could be a big disappointing longer term top for the NDX... if it decides to avoid influences from
the sox ...when the major markets are having their down days.
So I'm considering a rather large put position at this time.
Trade well.
.. .. ..
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!
#3
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 02 July 2007 - 02:39 PM
It looks like this could be a big disappointing longer term top for the NDX... if it decides to avoid influences from
the sox ...when the major markets are having their down days.
So I'm considering a rather large put position at this time.
Trade well.
Mr Dev,
What month options are you looking to buy ?
Edited by NAV, 02 July 2007 - 02:39 PM.
