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Fox13

01/06/09 3:45 PM

#41914 RE: Market Technician #41911

Thank you Shakespeare. I will watch for it.
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Fox13

01/08/09 11:53 AM

#42102 RE: Market Technician #41911

GLD - my swing trade: a follow-up. First, thank you for sharing your views.

Gold futures never gave a “healthy” sell signal, since they neither reached 872.38, as you suggested for reversal, nor did they kiss the Fractal MA(white dotted line) on my chart. But they dropped…So, I abandoned the original idea of staying only in putts and I sold all 2N putts when GLD found support around 82.63 (a previously determined level, defined by the linear regression curve: green line).

One more explanation: my collar was a “FOX collar” (a time collar) in which I sold Jan 85 covered calls GLDAG, but bought Feb puts (sold by now). Thus I now have the GLD stock and the mentioned sold calls, for which I am well in the money and should rapidly loose premium, into OE. We shall see…