Registered: Feb 2011
08-27-12 08:03 PM
Quote from deucy28:
Well SOMEONE must believe in this Head & Shoulders (reference my post yesterday on the TRADING forum / Charts of Note thread 08-14-12 at 02:48 PM asking if a Head & Shoulders formation on a 10-Yr chart has significance). A report today states a very bearish trader just put on an extraordinary heavy PUT position on HOT (Starwood)....which is a holding co. for various hotel chains.
btw..... Since halving my position yesterday on my pair, HOT short / HST long, today through the session with 90 min remaining, HOT has had more strength upward in price than my HST, but the now weakened pair trade position is still in the neighborhood of its best position established yesterday. (Quite the run-on sentence.)
Mining for paired trades with HOT and HST: See chart below.
(The primary location for my posts are the Trading forum / Charts of Note and the Tech Analysis forum /Spread Trading, although the latter I may not be posting at much more which is true of this thread, which is all but dead.)
This chart is a screen shot from mid-session today. Annotations applied an hour later.
Having gone flat on a notable chart for a pairs trade started Aug 1, by legging out of it a number of days ago, an opportunity may commence to leg back in.
Opportunity may present again with
This recommendation intended for only myself:
When the terminus of these stock plots are narrowed in half the current distance between them as shown on this chart, begin accumulation of new position.
The recommendation is intended for myself and not meant to be for anyone else;
hot hst 8-27 mining (b).png
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