Comments on: Closing Notes & Miscellaneous Trading Room Commentary

By: rsotc

rsotc — Mon, 07 Nov 2016 16:08:42 +0000

In reply to Jjyk21. @Jjyk21 I can see that you asked this question last night & I'm catching up on replying to questions & private messages today but to make sure, the answer is yes, as you've probably seen by now from the two front page posts that were published today (A Second Chance:... & The QQQ Official Short Trade Entry on the backtest). Seems to be a very objective entry shorting here with a stop not too far above. G-luck if you take/took a short position on this bounce back to resistance.

By: Jjyk21

Jjyk21 — Mon, 07 Nov 2016 03:51:42 +0000

Looks like the market will be gaping up tomorrow morning, most likely near SPY 211-212. Randy, would you stick with the plan and short the back test?

By: rsotc

rsotc — Fri, 04 Nov 2016 21:18:03 +0000

I figured that this 9th consecutive day would be tie some other record but this one goes back all the way to 1980, pretty impressive considering that we haven’t see any real impulsive selling kick in yet.

As per the WSJ: S&P 500 Falls for Ninth Session in Longest Losing Streak Since 1980. A late afternoon slump dragged the S&P 500 to its ninth consecutive decline, its longest losing streak in nearly 36 years.

By: stock51

stock51 — Fri, 04 Nov 2016 21:09:16 +0000

Thanks for ur comments, have a nice weekend