Donald; The bond market is bigger than the stock market, and they
WANT higher rates, they also want Spam to increase rates..right
now they are scalping the spread, but they can twist on a dime,
Big bond players are more sophisticated than stock players.
They can force Spam to run rates up , and just might do it
it's all tied into the ( short sell of currency ) and to much for
me to try to explain.
-------------------------
One thing for sure stocks won't take much more of a rate run up.
------------------
ODDS 60/40 The market is down Monday, Tahts not good
enough for me to bet on as it's to much of a crap shoot.
So I'm cash and not short. ( I got my odds thing going now )
I only want to make bets when I see 80/20 or better odds in
my favor, ( no such thing as 100% ).
BUT any way The best thing that could happen as far as
my personal strategy is that the 40% wins on that 60/40, and
we do a good strong GAP UP Monday, which I doubt but do hope
for. AS if it's a strong gap up that will run the odds
for shorting up to where that becomes a good bet.
---------------
Any more I'm just a MO MO man, but I bet short when buying
peaks , and go I long when selling peaks, There is no short
term TA going as good as a 30 min Momentum chart.
I never planed on being a day trader but the market has told
me that's the only sense able way to play. While I may hold for
several days the Mo Mo has to tell me to.
Back to 60/40 , it's no good to bet on those odds, expenses and
spreads will eat me alive if the odds are not better than that,
& knowing when not to bet is my #1 priority.
--------------------
In this market environment I'm faster to short than go long.,
but there is a handicap to shorting ( at least for me ) as they
rarely lend me shares on a limit order, and I have to short at
market. I can cover or buy with limits in, but shorting has
a sort of surcharge built in. ( I can't place the order and let
the price come to me but have to take what the bid as is on the fly )
and that can be tricky , ( it's not for newbies ) I run 3 and 4
windows and I don't hit confirm in the order window till it
looks just right, in short I often
cancel a lot of short orders before I bite.
And last but not least I'm a very conservative player & I do not
short STOCKS, only the indexes.
Any sector spider, mdy, spy, dia , or qqq I'm after like a hawk
on a sparrow. With good fast timing they are a cake walk.
The ; "Mo Mo man"
Jim
P.S.
I Guess you can tell I'm happy today, it takes guts to go long
on a bounce in a market you know is in a down trend <G>
and no I didn't stay long, & I was out before the others.
|
