tag:blogger.com,1999:blog-2903618192803822774.post8503491046977545778..comments2023-11-05T06:59:47.549-05:00Comments on StockMarketAlchemy: SPY Short 9-9-15Pete Birchlerhttp://www.blogger.com/profile/03979249321821901449noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2903618192803822774.post-74885573343866494302015-09-11T12:22:27.041-04:002015-09-11T12:22:27.041-04:00OK. See the most recent post. As long as Wednesd...OK. See the most recent post. As long as Wednesday's high is not exceeded things seem set to continue a general decline from my perspective.Pete Birchlerhttps://www.blogger.com/profile/03979249321821901449noreply@blogger.comtag:blogger.com,1999:blog-2903618192803822774.post-48300138249974143702015-09-11T03:51:48.359-04:002015-09-11T03:51:48.359-04:00Hi Pete,
The stop was hit but I entered again wit...Hi Pete,<br /><br />The stop was hit but I entered again with a short position on DJ30. Currently the effect is negative due to yesterdays positive movement of the indices but I expect decline today due to Friday's usual positions closing. What about the next week uncertainty around the interest rates FED decision ? Do you have an opinion? Anonymoushttps://www.blogger.com/profile/14228051283411954488noreply@blogger.comtag:blogger.com,1999:blog-2903618192803822774.post-4563151877274952532015-09-10T23:26:48.545-04:002015-09-10T23:26:48.545-04:00OK good. Do you have a trailing stop order type p...OK good. Do you have a trailing stop order type possible with your account/broker?<br /><br />I still favor the downside as long as prices close below Wednesday's high which was a bearish engulfing candlestick.<br /><br />Trade stats on this set-up were basically maximum negative at 7-8 days out from the set-up. That would be next Wednesday and Thursday. And the average WINNER on this set-up was ~5% for the short trade. So given those stats we still have some room to decline in both price and time before we may expect the market to rebound substantially.<br /><br />That is my best opinion here in any case.Pete Birchlerhttps://www.blogger.com/profile/03979249321821901449noreply@blogger.comtag:blogger.com,1999:blog-2903618192803822774.post-20429069573448674372015-09-10T01:36:58.737-04:002015-09-10T01:36:58.737-04:00Hi Pete, based on your comments from yesterday and...Hi Pete, based on your comments from yesterday and the day before yesterday I took a short position on DJ30 at 16 481 and made 200 points for the day. My stop was very tight so it was hit this night but I will look for another entry. Anonymoushttps://www.blogger.com/profile/14228051283411954488noreply@blogger.com