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.
     
    #1     Sep 22, 2011
    Share
  2. noddyboy

    noddyboy

    So sell TLT?
     
    #2     Sep 22, 2011
    Share
  3. hajimow

    hajimow

    I just shorted TLT at $ 122.06
     
    #3     Sep 22, 2011
    Share
  4. tradingjournals

    tradingjournals

    Why you did not short GLD, or short VXX?
     
    #4     Sep 22, 2011
    Share
  5. hajimow

    hajimow

    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.
     
    #5     Sep 22, 2011
    Share