Archive for » March 3rd, 2009 «

IWM,XLU, I’ll try an average down method

03 Mar2009

SCROLL DOWN to the 2-26 post–TO SEE THE EIX CHART+++
Posted by zstock7 at 3-4-/2009 5:00 pm
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What if today or tomorrow or Thurs. is the market bottom? It’s not like anybody is going to notice the bottom, until 2 weeks after the event.
I’ve been going long–small positions, I’m not getting killed on them, like two and three days ago.
Someone went long on QQQQ’s intraday, made some money–
The bottom has a habit of sneaking up on you, without you realizing it. If this week, it’s a big IF, is the bottom, well it sure is sneaking up on me.

IWM, 3-3 index sector

IWM, 3-3 index sector


I most certainly can get out of this trade at $23.5–later on down the line, If this trade doesn’t do the 22.7 to 26.7 $4 price channel–As long as XLU doesn’t go below 19.5, I can get all of my money back. plus whatever Else I add in the next few days–is profit–
XLU - 3-3 utilities sector category.

XLU - 3-3 utilities sector category.


I just want to make sure I have a position. Utilities might jump higher on any given 4 days in a row–and I would have missed owning any assets–

Category: Index charts  26 Comments

NAUD says market moving 3% to 4% higher on TUESDAY ___________________+ICE at $57-60 is a short

03 Mar2009

TRADING RECORD
REGISTER

The odds really are stacked against someone trying to go long in this market.
My entry prices for going long have been just perfect, if you subtract 10% first.
I naming it the 10% rule. If I point out a great looking entry price, for example BUY XYZ at $50—As long as you
subtract 10% from my original analysis, you’ll just about have it right.
$50 minus 10% equals a $45 entry. That’s right. This past week it’s been working just grand, for shorting, at my entry prices.
I suspect this trend has legs, so I’ll be shorting more than I’ll be buying—I can practically throw a dart, and pick a winning short—
Here’s a chart on ICE—ICE is always tough to short, but with a potential downside target of $40, all you need to do is to decide upon an entry.
( If I think ICE is going to $40 do I need to add 10% and really it’s only going to $44?)

ICE 3-2

ICE 3-2


$NAUD says we go up 3% to 4% on TUESDAY–
NAUD 3-2 naud category or index category

NAUD 3-2 naud category or index category

Category: Index charts, XLF sector  35 Comments
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