confustion

Well the market is pretty hard to analyze at the moment. The VIX and VXN are pointing higher while prices refuse to decline.

So the current market status is watch out from new longs but no new short yet in the blog.
I may short at my collective2 system - www.collective2.com/go/indexwin since it's a trade that need more of attention.

Good trading

EXIT SHORT

I am closing the short position with a minimal profit.
Price pattern gave me the impression of a move down and eventually it happened but with very limited momentum.
We may still have a massive sell-off but I decided to reduce risk and close the trade.

I may re-short the market when we break down. Meanwhile I am neutral.

www.collective2.com/go/indexwin

Short

Well , market is pretty weak.

We may experience a double top but I decided to short here.

As usual , trade recorded @ www.collective2.com/go/indexwin

Fed Summary

The fed decided to cut interest rate by half point and the market said its word.

From our point of view , I didn't see any mistake in taking step aside out of the market till the announcement release. This is what difference us from gamblers.

We take a logical decision when the odds are on our favour. We don't have to be in the market all the time.

I detected a weakness yesterday but I waited for toady's action. So we weren't in the market at this huge rally but it could have been the opposite. so no regrets.

Good trading.

What to do?

Well , today weakness arrived and the leading indexes closed down.

My analysis showing a sell signal but tomorrow Mr. B. is about to say his word and things can get out of control in perspective of technical analysis.

Stay tuned.

Exit long - 28 points profit

I am closing long position. The market may attempt going higher but it can reverse.

As usual , Trade recorded at my collective2 system ( we went long a bit lower with greater risk , so the profit there is 36 points) :

http://www.collective2.com/cgi-perl/systems.mpl?session=663202903583546466586801804467887&want=publicdetails&systemid=27432745

Long

I am long now.

At collective2 , I took long 8 points lower.

Exit short

24 points profit. Trade recorded at my collective2 trading system.

http://www.collective2.com/cgi-perl/systems.mpl?session=663202903583546466586801804467887&want=publicdetails&systemid=27432745

Short alert

Market can go either way. I placed a short order.

As usual , Trade recorded at collective2 system.

There is also a 7 days free trial and the cost is only 49$ a month.

Not only you get an instant message/SMS when any order is placed but you will receive a intra day trades as I trade.

Good luck

Exit long.

35 points profit. Trade recorded at my collective2 system :
http://www.collective2.com/cgi-perl/systems.mpl?session=663202903583546466586801804467887&want=publicdetails&systemid=27432745


Please see performance link here :
http://usindex.blogspot.com/2007/04/to-break-out-or-not.html