closed the last of the 24 shorts at 68.5. think we drop to 69- 65 cash tomorrow but may or may not be around
Thanks for your thoughts. I agree, you can't be afraid of getting hit and you can't melt if you eat a few. On the other hand, it is truly amazing how the fight changes when you land a straight one right on the other guy's chin...... It's like facing a new opponent. Takes the life out of him for a minute or two :eek: (the trading metaphor is to sit thru drawdowns w/o panicking out, but definitely know you have an edge and a tendency to land some hard shots between all the pitter patter point scores). The tails I occasionally catch make a huge difference in the equity curve, and so do the capitulations! Long TNA calls at EOD, for whatever it's worth. Expecting a double bottom
Looking at either entering on a pullback here or shorting the 88 area if we get to it with no pullback
87/88 is a decent short from the gap fill and trendline 81.5 is what I see for the entry for a long if you think we are hitting 87/88 If this fails then next trendline is 76 area but long trade remains risky with open gap below caveat emptor