Wednesday, July 8, 2009

Channel Update

Same trend lines from before (nothing changed except the market). Quite long at the moment 1/4 point off the low via futures. This here should be holding.

12 comments:

  1. added some more on the long side here. Its highly possible that we see a close near the 880 levels.

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  2. I think we will see close much lower. To morrow we may see high to 882 or so. I would buy short around 15 to 30 minutes. down leg will ugly

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  3. stopped out of long. Small loss because I was being greedy and added more.

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  4. Is it not able to bounce significantly? Back down to 871 already. Looks very weak...

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  5. it should at least get back to the next trendline. Do not think it will break this here as I said earlier.

    No long position now, but will give it another try most likely. Just looking for the right setup here ...

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  6. now lol ... added SSO for equities hedge. Another long attempt for futures. The futures one is a day trade though. Looking to close out before the day is over. Keeping SSO overnight if I get 5 pts of gains on it.

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  7. Now I see neg divg. should get a down leg soon 15 to 30 minutes

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  8. Last 30 minutes should be very interesting

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  9. yeap closed out futures long here. Also getting rid of SSO. Yes it can go higher but that just means more shorting.

    And yeah yeah - hedges should not just be closed out by hand. I get it lol

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  10. and we are POSITIVE !!!!!!

    wow ... I guess I learned my lesson with keeping hedges hah

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  11. it looks like you were right 880 close

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