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.
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.
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added some more on the long side here. Its highly possible that we see a close near the 880 levels.
ReplyDeleteI 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
ReplyDeletestopped out of long. Small loss because I was being greedy and added more.
ReplyDeleteIs it not able to bounce significantly? Back down to 871 already. Looks very weak...
ReplyDeleteit should at least get back to the next trendline. Do not think it will break this here as I said earlier.
ReplyDeleteNo long position now, but will give it another try most likely. Just looking for the right setup here ...
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.
ReplyDeleteNow I see neg divg. should get a down leg soon 15 to 30 minutes
ReplyDeleteLast 30 minutes should be very interesting
ReplyDeleteyeap closed out futures long here. Also getting rid of SSO. Yes it can go higher but that just means more shorting.
ReplyDeleteAnd yeah yeah - hedges should not just be closed out by hand. I get it lol
and we are POSITIVE !!!!!!
ReplyDeletewow ... I guess I learned my lesson with keeping hedges hah
it looks like you were right 880 close
ReplyDeleteMagic button.
ReplyDelete