Posts Tagged ‘tbt’

The slide is too quick!

February 10th, 2009

Well, we have reached my target area of 840-835 quite fast – in under 2 trading days. The speed we got here makes me very cautious, as there really wasn’t anything to stop this slide. So, I would wait and see, before some bottom forms. Pay close attention to divergence. Usually, when the price rises or falls really quick, it indicates that the market will continue in the same direction, slicing like a knife through support/resistance levels.

If you want to buy now, use only 1/3 of your initial capital and wide stops.

Will keep you updated.

Closed my [[TBT]] at 46.50

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Short TBT

February 9th, 2009

Shorted [[tbt]] at 49.60. Stop at 50.60, target ~45.00-46.00

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UltraShort 20+ Treasury Bonds (9.02)

February 8th, 2009

ffff

[[tbt]] is approaching heavy resitance area, where it makes it a nice short with a target a 44-45.

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