Wednesday, October 13, 2010

10/13 4:30am

Just checked my orders.  I'm staying short SP futures and crude. 
SP broke out of rectangle, which is a terminal move.  Still looking for SPX 1174 and Nasdaq Comp 2434 to be maxima.
I sold long DX at 77.42 and bought back near the low at 77.175.  Stop at 77.09.  If taken out I'll stand aside currencies until M/A exceeded by a 90-minute close .45 points beyond.

I sold my double-short crude ETF position today but got back short crude futures 81.75.  Crude should resolve triangle to the downside:


Posted by at

3 comments:

  1. AnonymousOctober 13, 2010 at 4:35 AM

    Is anyone ever going to sell stock again? Negative divergences, no volume, no pull backs, unfilled gaps, blah blah blah. I'm a dead bear. I quit.

    ReplyDelete
  2. PeterOctober 13, 2010 at 5:10 AM

    This pump action prior to open is starting to get annoying.

    I hope EWI is correct and if so tonight is the turn.

    ReplyDelete
  3. SteveKotelesOctober 13, 2010 at 6:22 AM

    I miscounted yesterday, thinking the count was complete. It completed last night.

    ReplyDelete

Subscribe to: Post Comments (Atom)