well... i was wrong about the transports, and im .50 from getting stopped out of my YELL for a 1.16 pt loss.:( darn!:mad:
If Mkt makes another run up today or bases near yesterdays high... my shorts are in trouble. If there is no follow through today or a reversal......
Well......... $trans going down, oil now going up......and my YELL call now has me up +1.10 pts :cool:
Good job!
I've only started showing a profit from April this year.... so i feel im still new to this and can eventually be wiped out like so many others....
I understand..... i'm bearish for only short term ( 2-3 weeks). It is possible that YELL might only fall to last week's base...and trend side...
I have no idea wether YELL is over valued or not. Thats not how i trade. All i know is that today the transportation index had a bearish red...
Well.... im short YELL. Transports may get a slight correction here
Hmmmm.....this may be the first day of a minor correction.....transports very weak
Why is every body picking on coolweb??? :confused: :confused: maybe he is making $$$......why attack him?
main cause is falling crude oil.....compare the 2 charts.
tango..... Please allow me to give you some honest advice. don't start off trading to make big bucks. You should start trading to learn how...
Yes....and that was a good play....YELL made a higher low in mid Oct from Sep......while the index took off like a rocket. But look at YELL now on...
Macro event......i agree with your bias.....next week may be the first week of a minor correction.
I agree with you guys....its just my style to start hunting for shorts when the markets have had a nice bull run. I also look at cross sector...
Theres no way i would consider taking a long swing position at this point. Remember how in the cartoons someone runs off a cliff but doesn't fall...
Ripley....that last one doesn't make no sense. Remember: slow and steady will win the race every time. (at least in stocks)
Holy cow!!! :eek: 80% in just 3 months........i been trading just over 2 years and my total return is only 11% CONGRADULATIONS SIR:)
Seems the $TRAN is overextended on the daily chart. Also looking at the daily chart of crude oil, it seems that its set to find support in the...
so much for the move up
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