4 replies to this topic

[rightside]

Filled on a few @ 6.10 and 6.60 Target 10 Best, RS

[eminimee]

shorted ES and sold oex weekly calls
http://stockcharts.com/c-sc/sc?s=$OEX...3689&r=8878

[rightside]

Tea, Was a very small position for me, as the potential for this to grind upward into friday is a likely posibility according to some timing work. Vix had issued many short signals at close yeserday that seem to be getting over ridden today. That concerns me being short now we shall see. Your chart also shows some divergence on the CCI that is cause for consideration. I may hedge before close. Thanks for the chart! RS

[eminimee]

I'm already out of the es short at 73..and hedged against the short calls overnight.

[rightside]

Nice! Here also...flat. I do see opportunities on Friday but no need to be early if there is still some juice left on the long side. Tomorrow will be telling, as I will be watching closely for a higher high. Until this intraday pattern ceases to make higher highs, I must be nimble on the short side. That being said, time will trump on or about friday morning, so I may even wait till Monday before picking up some puts. IMHO, the most bearish action right now would be sideways movement for a number of reasons: Oscillators will reach OB Time will demand action (up or dn) With the above coming to fruition and my primary longer term indicators on a sell, I favor short. Now I will be sure to drop that bias when shown otherwise. (my best programs are on the long side!) Until then I will be tenacious to avoid any and all losses! Best, rs