FRI. 7/27 1:31 pm EST dow-86 The afternoon"Signal" confirms the morning signal and is NEGATIVE calling for further WEAK Market action this afternoon. I've already hit my sell order on my morning trade and I think I'll take a pass on the rest of the day. I usually don't like to enter into positions on a Friday afternoon with the possibilty of carrying it over the weekend. Everyone is setting up for a Crash scenario which means I smell a rat. This would be a good time for the big guys to throw in a surprise large buy program and screw all the little guys with their crash helmets on. Rennick out
While swimming some laps in da pool, I had a change of heart. Just off of my gut instinct I just went long with some aug 50 qqq calls. I'm looking for a buy program here, even though my beloved signal is calling for further WEAK Market action this afternoon. Programs are something that my signal can't forecast which is why I'm cutting across the grain on this one. I can just smell that buy program, can't you guys!!! Rennick out ps. for this rally, I say;"To the Moon Alice!!!" BTW, I got in with the dow down 109, paid 38 bucks per contract. Dow is now down 65
Don't want to get crushed by the krell analytics of your synapses, but wouldn't it be wiser to sell just ahead of that point where buyers at day's lower prices (and there are plenty) extract their profits, rather than vice versa? Risk reward vantage point seems to argue against buying into the close.
I had a sell order on this at .45 which I missed by 1 cent. I ended up bailing out at .31 for a loss of 7 bucks per contract. I broke one of my trading rules on this one by trading on a hunch. I should have followed my signal's forecast and I would scored a double at least. Oh well... Rennick out
Mon. 7/30 9:45 am EST dow+21 My signal came in at NEGATIVE calling for WEAK Market action this morning. Sell any rallys or just get in when you can, she's going down some more. Rennick out
MON. 7/30 1:11 pm EST Dow+47 My afternoon signal also came in NEGATIVE calling for WEAK Market Action this afternoon. Sell any rallys today,(how bout this one) good luck fellas. Rennick out