gongo "I am thinking maybe going short
tommorrow if we can get a nice juicy pop in the morning , you up to anything?"
Just the usual. This is an extremely tough market to
play (oops, there I go again with the obvious
comment), as we've narrowed into a trading range.
I've been playing basically the same technique over and over again.
I know I've mentioned this a dozen times and you're probably getting tired of hearing it...
but it just keeps working.
(I guess I'm never going to be a New Age kind of trader
who sticks his/her neck out.)
I watch a few of my favorite dogs that move with
the NAS and a few "Pack" selections and watch the NAS
for the obligatory second rollover.
So yesterday I went short around 10:45 and covered
around 11:45, when short around 12:55 and covered around 3:20.
I didn't go long because it looked (as I posted) contrived.
Today I went short around 10:45 and covered near 12:40
for basically a flat. Went short again around 1:15 and
stated covering around 3:15 - had a feeling we might see a rat tail.
And the indicators were crossing to the upside.
As you know, we did get a spike but it failed,
so I didn't get as much as if I had held till nearer the close.
But holding would have meant breaking my rules and doing
a gut play, which means relying on hope.
Luckily, I don't often make that mistake.
Tomorrow I'll just do the same old, same old.
It's not sexy, but then neither am I :-)
How are you managing to do in this market?
Are you waiting to get long something? |
