Closed out my long R2K at 760.10. Very strong
performance today including an outside reversal, however the other major
indexes lagged percentage-wise and closed off their highs. Breadth was ok but
not overwhelming. Profits on long side have been hard to come by so decided to
bank what I had and see what charts and breadth models look like
tonight.
If this is the beginning of a Christmas
rally, we could see 1600. If we get anywhere close, my primary objective
will be to re-establish shorts at higher levels.
Earl
Covered short SnP at 1453 and went long the R2K at
749 with a tight leash. Gave up some profit when SnP didn't close the gap but
that's life. I'll have to see how breadth looks at end of day (if I don't get
stopped out) before deciding on whether to hold or fold.
Earl
hello earl
I went long at 1450
bought the 1445 put for jan
will sell my long tomorrow at 1465-1475
and
enter my shorts
Ben
----- Original Message -----
From: EAdamy
Date:
Tuesday, December 18, 2007 12:39 pm
Subject: RE: [RT] near a bottom
To:
realtraders@yahoogroups.com
> I have enough signs that the
down trend is long in tooth that
> I'm looking
> for the SnP to
reverse once it closes that gap at 1429.44 which
> appears to
>
be acting as a magnet. I put on an SnP short near this morning's
>
highs and
> will be very quick to cover near that gap.
>
>
Earl
>
> _____
>
> From:
realtraders@yahoogroups.com
>
[mailto:realtraders@yahoogroups.com] On
> Behalf Of Jim
White
> Sent: Tuesday, December 18, 2007 10:30 AM
> To:
realtraders@yahoogroups.com
> Subject: [RT] near a
bottom
>
>
>
>
> We are nearing a bottom in
all major indices - in fact the
> Russell (IWM) and
> NASDAQ
(QQQQ) have reached the level to expect a reversal. The
> dow level
is
> 12953 (DIA = 130) and S&P level 1426 (SPY = 143). Expect NAZ
and
> Russell to
> lead.
> Jim White
> Pivot Research
& Trading Co.
> PivotTrader.com
>
>
>