Comments on: Friday’s Trading – 6/26/09

By: George

George — Sat, 27 Jun 2009 02:12:08 +0000

JG,

Nice to be able to compare notes with each other.

Thanks to Matt.

By: George

George — Sat, 27 Jun 2009 02:10:55 +0000

JG,

And the monthly SPX hasn’t had a buy yet. On the weekly, it hasn’t had a sell if one would have bought at the bottom. I look for price to back off to the 36MA, and if the MACD histogram is still positive, to go back up some more.

By: George

George — Sat, 27 Jun 2009 02:06:19 +0000

Mitch,

I dispose of my income rather easily.

By: junglegirl

junglegirl — Sat, 27 Jun 2009 01:45:19 +0000

SPX weekly:

CCI < 100 and going down
StoRSI < 0.8 and going down
Full Sto bear cross
RSI 14 may have broken support
Price chart resisted at upper channel line from (2)
Slo Sto bear cross
MACD rolling over

And, with VIX as it is, bear-footin’ should start very, very soon….

By: Mitch

Mitch — Fri, 26 Jun 2009 22:42:10 +0000

Sorry, to dispose of in my discretion!

By: Mitch

Mitch — Fri, 26 Jun 2009 22:37:55 +0000

George:

It’s probably the bracket I’m in. I wasn’t being creative when I filed. Other than housing and household expenses the rest of my $ goes to things related to my business – insurance, lease, equipment, etc.

However, I’ve learned a little about trading and with some consultation I might have some disposable income. LOL.

By: George

George — Fri, 26 Jun 2009 22:18:47 +0000

That would be a heck of a pay raise if I only paid 20%.

By: Mitch

Mitch — Fri, 26 Jun 2009 20:58:05 +0000

Paula:

I paid 20% of my gross income after all expenses, credits, and deductions. Wonder if that’s avoidable but not evasive?

By: whipitaround

whipitaround — Fri, 26 Jun 2009 20:29:30 +0000

Matt, i should have been more aware of that potential gap fill move. another thing i noticed that could have made the lower high a false signal was the fact that we had not yet teseted yesterday’s spy high. unfortunately i was all-in short at the intraday high of 92. usually i like to save some ammo for that just in case scenario such as the IWM gap fill and the retest of yest high on spy.

have a good wknd everybody.

By: paula

paula — Fri, 26 Jun 2009 20:28:12 +0000

Have a great weekend all.