The YM short 3 entry trade was a total wipe out. Positions closed and flat. crushingly wrong and brutal. i stand humbled by the market mistress once again awaiting next entry. surf
Better luck next time. There is a thin zone here so it could go higher. There is also a rising wedge that could be broken. Nothing is a certainty in this market as anything can happen as I'm sure you well know. This area looks like a good short and I agree, market does look ready for a nice downtrend for a bit. I'm short biased but ready to run when I see it not working out. Short from 1060es. Stop at 1065.5, If stopped, stopped and re-evaluate the market. Good luck, Surf.
Do not ever call the market "mistress" ... maybe a more respectful name like "courtesan" will bring it on your side next time. Cheer up man! =)
here's a couple of free stock picks from the surfer shack: Orix Corp Ads (IX | Quote | Chart | News | PowerRating) - Short Term PowerRating 9; Above the 200-day SMA; 5 plus lower lows; RSI(2) 0.64 Cabela's (CAB | Quote | Chart | News | PowerRating) - Short Term PowerRating 9; Above 200-day SMA; 5 plus down days; RSI(2) 1.98 Gildan Activewear (GIL | Quote | Chart | News | PowerRating) - Short Term PowerRating 8; Above 200-day SMA; 5 plus down days; RSI(2) 1.37 enjoy, surf
Wait a minute. Surf, you are now stock market bias positive for the short term? You are LONG ym now? Please tell me this is true. Thank you.
no, i remain overall bearish. however, the stock picks are for longs for the short term < 1 week. surf