1 Good Morning Sold $SDS 1/4 up 0.16. Seems like 1280 is new pivot point in 1260-1300 range. Even though the dip was small PPT still nailed another O/B yesterday. As we go sideways the O/B signals gets worked off. For actual PPT readings you have to become a paying member.
Vegastrader
Lives in Las Vegas. Trading style: Buy Fear Sell Euphoria. Swing trades between Oversold and Overbought signals. Member of 12631. 10 years as an investor and 2 years as an active trader. Likes Las Vegas style happy hour, wine tastings and karaoke bars. If you come to Las Vegas please let me know.
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One Response to “TRADING UP-DATES 10/28”
vegastrader
Market held up well considering the strong Overbought signal yesterday. But again a 1 Trillion Euro event cannot easily be accounted for by the PPT and needs to be worked in over a period of time. Holding 1/4 $SDS and 1/8 $TBT + 95% Cash. Today we were trading sideways and working off overbought signal. Looking for 1300-1350 or 1260 for areas of interest. Patience will pay off. I will let the market show me the cards before I place any bigger bets. Have a great weekend.