Cheated Long
#1
Posted 17 August 2007 - 09:57 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 17 August 2007 - 10:00 AM
Things are so fast, I have been trying to anticipate turns. This time, I may have been too cute, as I didn't get a good Stoch buy before I went long nor did I buy off a support line. We'll see.
Just sent this out:
We are 1/2 long at 143325. Stop this at 142300 for now. Target 145400. We'll fine tune as time goes on.
Yeah, this is insane. I added there too...I figure the reversal pattern yesterday/gap up today are good IT signs, why get caught up in the details? Besides, i think its good they try to fill this gap early. Means they dont have to come back for a while
#3
Posted 17 August 2007 - 10:06 AM
#4
Posted 17 August 2007 - 10:10 AM
I am doing nothing here. Just sitting and watching. Yesterday i collected 17 ES points in 10 minutes. Today i sold my XLF calls for nearly 80% gains. I just cannot play this hypervolatility with leverage. A good way to loose my hard earned profits. I am still waiting for calmer waters for my hourly swing trades. Let the big boys battle it out.
I believe you just proved that you CAN.
I know this, I'm looking forward to going flat and working on the projects that are piling up on my desk.
And a nice long walk by the river.
Oh yeah, and a nice dinner at Nectar. I see the chef every week down at our farmers market and one of my client grows squash blossoms for her specially.
M
Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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#5
Posted 17 August 2007 - 11:37 AM
Mark S Young
Wall Street Sentiment
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