As par for the course lately, we are a bit early on the entry and are holding into tomorrow ( tuesday ). regards, surf
i remember you from Clearstation days. OK to ask what your timeframe and target are for $INDU short? Is this a swing trade or longterm trade on a top. Thanks in advance. --Bob
hey b--- i seem to recall your name, also. nice to see you again. this is longer term trade attempting to hit near the top. no time frame, will just let it unfold.---- stops are 70 points from entry now. regards, surf
I get how the IT and even the LT picture is bad for the DOW, what I don't get is the timing for a short right now. I'm working with Colin Twiggs ST box breakout target of 12750. Followed by neg D coming home to roost. http://www.incrediblecharts.com/free/trading_diary/images/20070203_djiaa.png And Carl Futia's short term QQQQ and SPY targets (he doesn't follow the INDU) http://carlfutia.blogspot.com/2007/02/sps-spiders-and-qqqqs_06.html Carl has an even more optimisted IT target of QQQQ 47-48. And a pretty good track record. I would appreciate anything you want to share about the timing of your INDU short. I've always respected your insight into the markets (or paid for it) --Bob
adding to the position here @ 1.2697 again. fully committed now with fat size. believe TOP is in---agressively SHORT. regards, surf