The ACD Method

Quote from Shanb:

King, you can't spread in this market my man. When correlations go to 1 the last thing you want to do is spread!

I haven't put on any spreads in the past few weeks and shouldve stopped sooner, its very hard to gauge relative value in a erratic tape like this one.
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k....:)
 
Despite the craziness in this market there are still some setups with follow through. Check out X from last friday. failed monthly aup to a down in three days. Down over 14% from thursdays failed monthly Aup!

I was taking this one short on Friday, but considering the weekend events i did not. X couldnt rally at all on friday with the market and ended up gapping up a bit today and they proceded to kill it all day. New lows on the year
 

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Quote from Shanb:

What strategies do you like in this tape...personally i like buying low and selling high :) haha
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me too, I thought today was tough sledding based on the tape, I suppose
if you shorted from the globex open and held short you did well. I think there are some good bargains out there, funny how europe matters again.
 
Quote from kinggyppo:

I suppose if you shorted from the globex open and held short you did well.
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Only if you think making 40 handles in the spoos or 400 pts in the Dow is doing well. Whatever floats your boat...:)
 
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