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Politics : High Tolerance Plasticity

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To: Gottfried who wrote (14293)6/6/2002 7:07:46 PM
From: Warpfactor  Read Replies (2) of 23153
 
Gottfried, BSO

I was looking at 3.42 TRIN going into the final minute. I covered KLAC and MRVL shorts (yes what could have been) and bought LLTC at 35.75. A few minutes after the close my ticker updates the TRIN, all of the sudden only 2.50 for a finish. My rule is buy on a one day TRIN > 3.00, or two consecutive days over 2.00 - so I bought. I feel like I got screwed somehow. Note to self: If I do TRIN based buys in the future, wait until AH.

I did have a nice day on the short side (and long gold), and I still have a PHTN short to buffer the LLTC losses that I will suffer tomorrow, but I sure left alot on the table.

Okay, so tomorrow opens down big. We're going to blow out all the market technical indicators - TRIN, VIX may top 30, Put/Call ratios, MacLellans. Then what??
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