johnpaulca 12,036 posts msg #64369 - Ignore johnpaulca |
6/26/2008 1:21:56 PM
I sure didn't believe that rally yesterday that's why I took out cheap insurance in TWM, up 3.8% today. I have bought this all the way down from $80
-SPY still has room to move to the downside...I gonna guess 126ish...support here.
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TrendSurfer 109 posts msg #64370 - Ignore TrendSurfer |
6/26/2008 3:23:23 PM
Ok, let's see it's 3:15pm. I'm a tad over $2 per share positive since the last hour of trading yesterday.
Do I ring the register and wait to tomorrow to see what happens?
How about take profits now and take a reverse in DDM before close and hold overnight, maybe I'll get a gap up?
Or how about just hold DXD overnight hoping for a continuation down?
Any takers??
3:22pm
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FuriousThug 256 posts msg #64371 - Ignore FuriousThug |
6/26/2008 3:30:37 PM
My DXD is up 12% since entry...no sign yet that it's time to sell.
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johnpaulca 12,036 posts msg #64373 - Ignore johnpaulca |
6/26/2008 3:39:16 PM
I would ring the register, but then again, I am a BIG chicken (<:
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FuriousThug 256 posts msg #64374 - Ignore FuriousThug |
6/26/2008 3:41:16 PM
DJI has sliced through its May 2006 highs pretty convincingly. Needs a pretty strong last 20mins to close above them.
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johnpaulca 12,036 posts msg #64375 - Ignore johnpaulca |
6/26/2008 3:44:59 PM
I circled what happened the last time when it became this overbought.

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FuriousThug 256 posts msg #64377 - Ignore FuriousThug |
6/26/2008 3:47:27 PM
Only difference was that it was still within its near-term trading range...
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TrendSurfer 109 posts msg #64378 - Ignore TrendSurfer |
6/26/2008 3:52:29 PM
Way to go thug...
Looks like this thing gonna hand me another chunk of change before the closing bell. I'm gonna have to pocket this one right now at 63.25.
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TrendSurfer 109 posts msg #64380 - Ignore TrendSurfer |
6/26/2008 4:09:15 PM
Ok then, finished right at $3 per share positive on this DDM / DXD stop and reverse trade from yesterdays last hour.
I still have a bullish bias (WHAT!!!) until any move confirms. But extremely flexible to opportunities the markets may offer.
This washout today along with the news headlines fanning the flame could be all it takes to turn this thing. I get excited when I see people running trying to find an exit, I'm happily holding open the door for them.
Doesn't matter where she goes, I'll trade it either way. I will draw new lines at 10am in the morning.
Cheers All
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FuriousThug 256 posts msg #64383 - Ignore FuriousThug |
6/26/2008 7:09:25 PM
Still bullish? That's the spirit. According to Marketwatch, this summer's oil highs will sink stocks...one tech analyst said that if tomorrow is another day like today, there may need to be government intervention in the markets...
...not like there isn't already.
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