tag:blogger.com,1999:blog-1390332969136161956.post2043061399996273032..comments2023-07-02T06:55:31.510-07:00Comments on Animal Spirit Forecasts: 6/3 Weekly CommentarySteve Koteleshttp://www.blogger.com/profile/07995142353788940838noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1390332969136161956.post-81386431880070299902011-06-04T16:16:07.942-07:002011-06-04T16:16:07.942-07:00Thanks, Steve.
I also expect Monday to be an up d...Thanks, Steve.<br /><br />I also expect Monday to be an up day.<br /><br />So you're saying you'll short at the MA and another short at 5 points above the MA, and use the upper envelope boundary for stop loss (on a 30 min close above it).<br /><br />I like that plan.<br /><br />I am short spx, djx, nq, and tf, via short index etf's (sh, dog, psq, and rwm), but my positions are small so far. I will add on Monday and may follow your lead.<br /><br />Enjoy the rest of your weekend!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-140420895194899382011-06-04T14:35:12.752-07:002011-06-04T14:35:12.752-07:00pima,
I expect Monday to be an up day. I'll s...pima,<br />I expect Monday to be an up day. I'll short both at the 30-minute and 5 points past it with stop on the .5% 30-minute close.SteveKotelesnoreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-91894493105931987922011-06-04T10:40:52.327-07:002011-06-04T10:40:52.327-07:00Same question regarding the 30 min MA on ES. Curr...Same question regarding the 30 min MA on ES. Currently ES is trading BELOW the lower envelope boundary. Again, are you expecting it to trade all the way back to the upper boundary, currently at around 1316?pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-35030029393343030492011-06-04T10:36:22.484-07:002011-06-04T10:36:22.484-07:00Nice weekend commentary, Steve. Thank you!
When ...Nice weekend commentary, Steve. Thank you!<br /><br />When you say you'll use the critical DJI MA envelope to increase shorts, do you mean that you will wait for DJX to move all the way back to the UPPER end of the envelope (now at around 12,470 before adding shorts? Or would you consider adding when/if it tags the MA itself, which is at 12,304? <br /><br />Retracing all the way back to the upper envelope boundary seems like a deep retracement and therefore seems unlikely to me.pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.com