alf44 2,025 posts msg #96454 - Ignore alf44 modified |
9/22/2010 10:48:54 PM
.................................................. I'm Bearish ... sorta !!!
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fortyfour 189 posts msg #96473 - Ignore fortyfour modified |
9/23/2010 7:51:52 AM
Finally ....to see red in futures......lets hope......fear not and be greedy !
It is these types of comments that make on look foolish a couple to several
hours from now.....................................................................maybe even now.......................................................for sure.
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Kevin_in_GA 4,599 posts msg #96475 - Ignore Kevin_in_GA |
9/23/2010 9:52:57 AM
Kevin_in_GA
msg #96268
- Edit message 9/15/2010 10:14:00 AM
Joining the club here - in SPXU at 29.00 this morning. Profit stop in at 29.75 right now - may move this up if warranted.
I have a series of major index filters (long and short) - one of the short filters fired off last night which has been 10 for 11 in the last 365 days, with an averge return of 0.97% in 3 days. So far this year it has been 4/4 on the ^SPX. It also called to short the ^IXIC (3/3 so far with an average gain of 1.63% in 3.3 days).
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I'm feeling a little better this morning - unfortunately that highly accurate filter I referred to in my earlier post told me to exit last Friday at a 0.5% loss (1.5% on the SPXU).
My SPXU trade is down 2.4% right now, but I am feeling that it will break even by Monday or Tuesday of next week. Maybe sooner ...
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alf44 2,025 posts msg #96481 - Ignore alf44 modified |
9/23/2010 12:44:45 PM
FYI ... got LONG the Oct. INTC $19 PUTS !!! fwiw
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fortyfour 189 posts msg #96490 - Ignore fortyfour modified |
9/23/2010 5:30:26 PM
Feels like a shift in sentiment for the bears with jobs / Europe..... Risk ON or risk OFF ?
Kevins VXX/SPY ready to trigger... I am in TZA for a longer swing and will hang there.......for now.
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alf44 2,025 posts msg #96497 - Ignore alf44 modified |
9/23/2010 10:17:38 PM
FYI ... "WEEKLY" TOPPING TAILS ON ALL THE MAJOR INDICES !!!
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THE STAGE IS SET !!!
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alf44 2,025 posts msg #96500 - Ignore alf44 modified |
9/23/2010 11:44:19 PM
.......................... TOMORROW ... We Dine In HELL !!! ......................
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Kevin_in_GA 4,599 posts msg #96510 - Ignore Kevin_in_GA |
9/24/2010 9:19:25 AM
Weekly topping tails - have you looked at whether or not these are meaningful? Your filter uses daily data, so I'm curious if the same strategy is profitable when applied to weekly candles.
Looking at the futures, we are all about to give back any gains made this week. Hopefully there will be a solid reversal going into the lunch hour.
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alf44 2,025 posts msg #96511 - Ignore alf44 modified |
9/24/2010 9:20:47 AM
OKAY !
Maybe not HELL !!!
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Futures surge higher this morning off the Durable Goods number ... apparently Happy Days are here again.
Jeeez !
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I shut it down last night with about a 25% profit on my INTC puts ... and a small profit on my TWM position ... the Markets were set up to follow thru to the downside ... HELLO ... this morning ... POOF ... it evaporates !
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alf44 2,025 posts msg #96531 - Ignore alf44 |
9/24/2010 11:30:45 AM
"Weekly topping tails - have you looked at whether or not these are meaningful? Your filter uses daily data, so I'm curious if the same strategy is profitable when applied to weekly candles."
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Kevin,
"Tails" ... be they daily, weekly, monthly ... all reflect a market condition where (in the case of Top Tails) the BULLS take control and run prices higher ... only to then be overpowered by the BEARS who drive prices back down and force a lower Close. A Close that is near the bottom of the range of that printed candle.
The significance of these candles IS "meaningful" in ALL timeframes .
They always represent a possible shift in the "balance of power" between Bulls and Bears !
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NOW ... the problem with the "weekly tails" I posted last night is I stupidly posted the damn things BEFORE the "week" was complete ... and the (completed) weekly candles were printed !
This morning's price action has NOW (as I write this post) effectively erased those "tails" ! fwiw
SIGH !!!
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