roadmap account is currently long a 5% allocation $SPY when spx was at 1135, will continue to use 1114 spx as a stop for monday.
the chart from thurs, 9-22, still applies. there’s a roughly 40% chance that the current c wave that started on 9-22-11 is not yet complete and that the 1070 fibonacci target can still be attained and may still be viable.
the $DRN swing system is still short from 9-19-11, monday, from 51.49. friday’s close was 40.96, an unrealized gain of about 20%.
the $TNA system was short from 43.73 on wed., 9-21. it was stopped out today at 34.53 for a 21% profit.
an almost break even 2% allocation roadmap $SPY call was closed out on wednesday but a 100% gain from a small $SPY put trade was closed out on thursday.
(edit) and oh yes, almost failed to mention that most of the roadmap acct. was $SPY which was bought when spx was between1125 and 1140 in late august/early sept 2011 and was sold friday, 9-16-11 between 1225 and 1240 spx. the balance was closed out on a spx stop on wednesday, 9-21-11, when spx was trading at 1186. so very good profits were booked this week.
lately i’ve been updating real-time important market notes (as time permits) in the comment section rather than submitting an entire new post consisting of only 2-3 lines, no matter how important; so click on the comments for post updates from me.
now for something completely different (humor me as i exorcise some creative demons):
the s&p missiles hiss overhead as they penetrate the smoky dark blue hued skies. the nasdaq gun and munitions trucks are moving along a slushy wet crossroad. the tops of trader’s helmets shine in the moonlight, the traders movements are trepid, their eyes gleam but their black boots trudge through the war mud as if filled with lead. do you feel loved?
trading is combat and war is sum zero. pack my bags and send me back. life between candle bars is safer than loading our shoulders with pointed and twisted iron weapons. the burdens of battle are heavy and gut stained. do you feel loved?
an unknown red glow sprays the sky above us, it lights the atmosphere above and casts shadows from the bare trees and soldiers’ awkward bodies. trading is war. DO YOU FEEL LOVED?
