If you're short, I'm the sucker going long....: here is a more improved trade channel.

Thursday, November 5, 2009

here is a more improved trade channel.

6 comments:

Tony said...: I guess we go back up to 109. lol; November 5, 2009 at 11:30 AM
Eric said...: She is just messing with everybody! The IYR and XLF have insanity trading going on. Bid Ask going Nuts; November 5, 2009 at 11:35 AM
Tony said...: According to T.Lo's thesis, 106.62 should be strong resistance. That was Oct 30th open, the top of the big red pepperoni on the daily. This kinda goes along with your trade channel.; November 5, 2009 at 11:36 AM
Tony said...: maybe Nov 2 low was the "a" of an a-b-c correction... I think you alluded to this yesterday.; November 5, 2009 at 11:38 AM
Eric said...: I want to thank John for letting us know what the Knobbers think...

I'm glad I didn't have to point out the resistance... and the "Trade of last resort" above that line.

But the thing is... to see it move above... maybe, and if it goes below then you add to a position.

but the xlf and iyr look good...(in the Walter Paytton kind of way); November 5, 2009 at 11:41 AM
Tony said...: I missed my SKF entry at the LOD today. Damn. I was out walking the dog (if you know what I mean.)

I chased TZA. Might fill the gap to 13.89; November 5, 2009 at 11:55 AM

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