Registered: Mar 2010
09-13-12 12:02 PM
to sum up.
my idea in this trade is break up from 11.0, actually before it runs up, all green bar. it already teased around the 11.0~10.6.
another idea is the rate is so low, IYR reaches new high, home builders march higher in a trend.
why 13 as my target, I used some kind of measured move, from 9 (bouced from 50 EMA) to 11 is 2 points, so 11+2 = 13.
home builders will continue marching higher, that is why I bought some further month calls.
hate to trade index, most time there are no obvious rugalrity.
This has been downloaded 43 time(s).