junkmaylbox- I shorted SRS today at 80.53 based on the 6 min mechanical
system and covered at 61.75. The system keeps me
objective. Yes SRS is low in price, but but it's easier
for me to just follow the system
Posted by junkmaylbox on 16th of Dec 2008 at 05:01 pm
Matt, You are right. I can usually beat the system by guessing
the direction. Today was not my day, however. I had a line of
successful trades on SRS, so I guess others were not too happy
about me :(. I seemed to be forcing something today by goings
against the market. Congratulations on your trade and your hunch,
by the way.
GDX, SRS and SKF
Posted by balbat on 16th of Dec 2008 at 04:09 pm
Friends, Some insights/charts on these would be really helpful.
beautiful 1-minute rising wedge on
Posted by Michael on 16th of Dec 2008 at 04:18 pm
beautiful 1-minute rising wedge on GDX. Too bad the markets closed.
The old adage "Buy low,
Posted by junkmaylbox on 16th of Dec 2008 at 04:11 pm
The old adage "Buy low, sell high" applies. Today was low for SRS and SKF.
junkmaylbox - I shorted SRS today
Posted by matt on 16th of Dec 2008 at 04:22 pm
junkmaylbox - I shorted SRS today at 80.53 based on the 6 min mechanical system and covered at 61.75. The system keeps me objective. Yes SRS is low in price, but but it's easier for me to just follow the system
Matt, You are right. I
Posted by junkmaylbox on 16th of Dec 2008 at 05:01 pm
Matt, You are right. I can usually beat the system by guessing the direction. Today was not my day, however. I had a line of successful trades on SRS, so I guess others were not too happy about me :(. I seemed to be forcing something today by goings against the market. Congratulations on your trade and your hunch, by the way.
I went URE ..... I
Posted by cspirit on 16th of Dec 2008 at 04:51 pm
I went URE ..... I unloaded first 1/2 @ 5.52 and then the 2nd 1/2 at 5.98.
I still own some from 4.52 and not looking to unload them until SPX nears 950-1030 zone.
matt- terrific trade congrats.
Posted by vmath on 16th of Dec 2008 at 04:43 pm
matt- terrific trade congrats.