OJ-- I just look back to last two weeks and feel greatly indebted to this thread for a firm guidance towards market direction, we went through a huge correction the moment selling comes in all kind of non-sense is thrown at the market but i have been saying it all along that don't short a market with non-inflationary growth and solid earnings, yesterday IBM was a classic example, we saw that 50 days mA break but I feel proud that our attitude was to add, we identified a turning point called and let every one know about our preference, it was so clear and i would think that my posts on DOT and IIX for me were very helpful to add on calls where premiums really were lost on earlier calls, although I ws selling DOT index on the way down but covered my short calls and went long at point wich could not be more precisely pointed out.550 DOT will remain a blockbuster reversal and a great trading entry to reverse the lost premiums of last week.
These calls are classic example of trading at its limits, to pick a top and bottom and stay with your positions inspite of 50 % plus correction on some of your calls, seeing your long levels back after a 50% hair cut adding at the bottom is what trading is all about. We have done it once again and it is written in very few posts less than 10 for 10 trading sessions, but in these postsyou will find how to trade a falling market by selling index against individual long positions where to reverse and what to look for, a thread posts are only good if we can make a constant strategy out of it I am humbly satisified that we do a good job the concepts work and lets raise a toast to regulars like you and others who have made this thread a traders delight, a must read for anyone on SI looking at markets without getting whipsawed, on big moves days we face the music and tell every one don't you worry it will come right back up, that is the essence we don't desert our contributors and it pays very well, the success has a taste which is unique. regards 'continuing education and performance' is the motto of this thread.. |
