The black line is a 50sma and the blue line is a 200sma if you can't make out the gif. Hey, maybe it is different .. or maybe this baby is just getting ready to roll over like Flipper. On a related note, has anyone reading this thread ever done any long-term studies on the intermarket relationship between the three indicies (on a daily baisis)? Is this the pattern: NASDAQ - Leads S&P - Follows DOW - Brings up the rear? Best Regards, Jimmy
Oh, the science! Oh, the humanity! Surfer, let us be clear. You said in an earlier post that your average short entry price was 11,555. The market has reached as high as 11,702 as at the time of this post. Therefore, your loss went as high as 147 points per contract. It may or may not go higher. (My own "science" is not quite as predictive as yours, so I can't say.) I hope, for your sake, that there is some reversion so that you can extricate yourself without too much damage. However, let us resolve to conclude that if you manage to escape with your ass intact that it will be more a gift from God (since you are a theist) than your particular brand of "science."
yes, i am a theist, but don't believe god has a role in free markets therefore petioning god over a position after the entry is meaningless. but thank you for your well wishes, none the less. surfer
I used the expression "gift from God" as a euphemism for luck. But you knew that. So, stated differently, let us conclude at this point that if you manage to escape relatively unscathed, then it will be more a matter of luck than your particular brand of science. Would that be a fair assessment?
yes and no. i have scaled into the trade and am still within my risk parameters but its pushing the envelope currently. when it happens ( the drop ) is luck within the time frame chosen--that it will happen--- is science to a point. surfer