Thursday, November 26, 2009

Wishing all a Happy Thanksgivings

Update on Long position from 1096.50:

Position exited at 1110 for +13.50 points profits

This Long Setup is a confluence of the Market Timing Strategy with an 84% win ratio in 12 years and the Seasonal Odds Trade; 12 out of the last 13 occurrances, with 474 occurr. since 1990 with 270 up, 201 down, 3 unchanged. Also there are some other technical factors that have occurred to give this trade more reliability and higher odds. So its a 95% chance the Market close higher today. The line in the sand is 1101.75. Price should not go beyond 1104, in fact it should take out the previous high before it opens on Turkey Day ( Thursday ) because of low volume.
Results: Market GAP down big time ! Took my money and ran way before that. A good friend in the Hedge Fund Business overseas tipped me off early, thanks to him. Should have shorted but no regrets. Going to eat that turkey now, BON Appetite !

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