Replies to post #603 on Estimated Prophet Portfolio

[gym gravity]

the dollar has tried to go down through 75.5 three times today. wherever that ends up tells the inverse of whether your short is good or not.

[Estimated_Prophet]

Damn! Should have waited. Will probably add more, eventually.

[Estimated_Prophet]

Goes to show how one day, and your entry are so important. I still need another strong down day to break even on this trade. I made .50 on the last trade, so I may look to just break even with the two trades, if given the opportunity. If I had just waited one more day, I'd be in the drivers seat. Now, I may miss a strong correction, as I just don't feel good about the position. I think the Dow has a good shot at losing another 150 point, but we'll see how the 13ema does, but not wild about going into the low volume week next week.

[Estimated_Prophet]

Selling QID @19.52, OUCH! Ok, I'm done shorting the market for now. I was wrong, wrong, wrong. Now, the market can tank.

Good consolidation breaking to the upside here. Either it's a great fake, or it is headed much higher.