Rule of 3 Gapdowns

Discussion in 'Trading' started by mikeenday, Sep 22, 2011.

  1. mikeenday

    mikeenday Guest

    today is the 1st gap,
    then count the 3rd one to close short and go long.

    -- rule of gapdown.
     
  2. So sell TLT?
     
  3. I just shorted TLT at $ 122.06
     
  4. Why you did not short GLD, or short VXX?
     
  5. GLD is in different category. VXX was an option but VXX moves more that TLT. I will cover TLT once it hits $118 and then move on. I am short term bullish and believe there will be a short squeeze either today or tomorrow. I am buying SPY, ADI and adding to my YHOO position now and shorting TLT.