I've been hearing that fund managers came in over the last few days and sold a bunch of premium to try to make up for some of their under performance on the year. Most are seriously under performing the index. They seem to think stocks will be sideways to slightly higher into year end so just buying the index would not give them enough juice.
The ACD Method
- Thread starter sbrowne126
- Start date
I've been hearing that fund managers came in over the last few days and sold a bunch of premium to try to make up for some of their under performance on the year. Most are seriously under performing the index. They seem to think stocks will be sideways to slightly higher into year end so just buying the index would not give them enough juice.
BMY!
Do I have to get you another cookie?
I hope that is not the King causing that spike. Otherwise we have to stop talking about it.
Guys, major reversal today in AMZN. Stock has now rallied 10 pts off the lows back to unch. Very impressive.
Price action for 12-13-2011. If i get VOLUME bars like these twice a week, life will be GOOD. These kinds of bars are just too good as BIG money intentions are clear.
12-14-2011
A close under 92.67 gets bears in FULL control. Close over 98.56 stops BEAR forces, but a close over 99.29 is needed to rekindle BULL trend.
Pivot tracker value of 102, daily pivot high- low of 97.27- 95.64 points towards a muted price action for Thursday- Macro events can always cause price movements beyond norm.
Pivot tracker value of 102, daily pivot high- low of 97.27- 95.64 points towards a muted price action for Thursday- Macro events can always cause price movements beyond norm.
Box trading. After, MF ACD method, my favorite set up is trading a box. CL trades in a box 60% of the time. Box trading is most effective during slow trading period of the day. 11.40 till 1.30 pm, most of the time. One has to take the trade as close to the edge of the box and then walk away for 20 minutes or so after placing stop loss.