it was very active in the trading room today in bryn mawr. short, flat, short, flat, short as the system kept triggering shorts in the dow and nasdaq but being stopped out untill the last short entry. we are short the nasdaq and dow--holding into friday open. waiting to catch the wave....
yeah ! after being whipsawed yesterday, it appears that we will capture a nice move down at the open this morning. will follow with wider than normal trailing stops to lock in profit but give room for a potential large move. we shall see.
the market potentially will gap against our short positions this morning, but the futures appear to be dropping back to the mean, we shall see. if we gap--the 12 minute hold rule will be invoked. mark the high of the first 12 minutes and that is the stop point.