Now I'm easing back to the short side. I sold out my OEX long way too early last week, DRAT. Some day soon I will have the patience to ride out a good trade to fruition. At least my entry points are getting better.
Message 8521024
Again everything seems ok, safer to go long, that's why I'm sizing up put candidates.
Message 8497531
Donald, I agree with your thesis of being long the indexes and shorting individual stocks, but there is a time, inevitably when the "generals" fall. I think that time is close, today is part of that sweet spot I think started on friday.
Message 8547634
VIX.X is breaking 24, options are probably as close to fairly priced as we will see. Time to starting adding poots. I think.
Again just speculating aloud, fishing for a response, heh heh heh.
Oh yeah, I can't get past a 3 yr chart of the OEX, every good correction has brought it down to a trendline, on a weekly chart it is roughly equal to it's 50 EMA, currently in the 565-570 range. Also IBDs mutual fund composite index usually makes it to the 200dma, last month it came close but reversed, as of todays issue the index appears to have hit resistance at the 50dma and turned back down. Judging by the narrowness of todays rally I'd be surprised if it is able to break to the upside.
TRIN trending down,(NYSE) A/D pos 2x1, up vol 5x down vol, new lows still outnumbering new highs 52 to 31.
Again what to do, what to do. heh heh heh.
D |
