Couldn't decide on an individual name, so I'm long the XOP off the failed A down. Target is 56.50 for some take profits. Weekly A up for me is 56.92, (but there's no magic there, just an opportunity to watch).
Killed this thing. Didn't love the action here, (though it may have been hasty on my part). Still didn't want to get cute with a winner.
Funny guy. I miss that sense of humor. I own some downside for even money. I would never short futures with a trend this strong. But the harder this thing pops, the more likely we get a blow off top.
Mav I am not trying to be a smart ass, just trying to remember your position. Looks pretty toppy here up 34% from dec.
Hi Shanb, Here is my update on pivot tracker. I talked with help desk of logical trader. For pivot tracker to be helpful in gauging VOLATILITY of an instrument, we need 3 days of contraction. For example, 24, 16, 8. If the numbers are like 4, 1 ,1 . It does not mean much as on the 3rd day number was the same. I mistakenly thought that one can get clues in to VOLATILITY by just looking at 1 day number.