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Stay Lines

Posted 10-13-2009 at 11:11 AM by zdo
Updated 10-13-2009 at 11:17 AM by zdo

Line changes:

> Made the tentative red line from last week the live red line. Increased the angle a tiny bit also. Too aggressive? We’ll see.
> Moved the weight for the dark red ‘trend’ line to bottom line (from daily chart) and extended it to the right.
(> if I were to continue the upper dark red line it would be off the l0/02 low and run roughly parallel to the main dark red trend line. )

Pared position down this morning to 10% net allocation...
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Stay Lines

Posted 10-09-2009 at 01:57 PM by zdo

Line Changes:
> None to active green line
>Added (possible) next active red line.(dotted style), (Again – this line is only a tentative, projective, possible line. Will not set a real active one until Mon. PM 10/12 )

Still cuspal (or is that cuspid?)
ie price continues to run near the cusp of the active green line. Only 5% of net allocated to this system is ‘married’ to the short side. Would start lifting shorts on strong close above active line -...
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Stay Lines

Posted 10-07-2009 at 01:37 PM by zdo

Line Changes:
Went ahead and added new green line (before its bar closes) at a barely downsloping angle.

This new live green line will most likely have several angle changes before it runs out.

Still thinking odds are pretty good the live green line will get tested and / or taken out – but then again that’s what these lines are for
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Stay Lines

Posted 10-06-2009 at 01:41 PM by zdo

Line Changes:

Trimmed the length of the 3rd red line back. Cosmetic

Ditto yesterday. Would start stopping some of position out above 9780. Will look to add to the position sometime tomorrow afternoon going forward - if 'resistance' holds and weakness resumes...
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Stay Lines

Posted 10-05-2009 at 12:44 PM by zdo

Line Changes:
>Extended red line to 12 bars. No angle change.
>Moved green line down and also changed its angle from 0 deg (horizontal) to -5 deg.
>Added new darkred line on bottom. It is a 'traditional' type trend line off daily chart. (this line not currently actionable)

Just holding short here. No Stay line starts above 9770 - which is entirely possible. Would add a few more % coming back down off an approach to ~9700
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