RED DIRT TRADER

This blog was designed as a place for me to store links that I find helpful. These posts are not investment advice. If you’re looking for advice call your GO BROKER. My belief is the person who cares most about my investments is ME. My hope is the readers of this blog find the sidebar links as useful sources of information while attempting to learn how to manage their own money. As for advice, my Dad gave me the best I’ve ever heard, “Never trust anyone else with your money or your woman.”

Thursday, November 12, 2009

MooseWoose

Back and forth. The moose has gone from ILF to CASH to ILF over the past few weeks. I'm still 50% ILF on the MooseCall. Today's close looks like support has been hit on a short term basis (the 10 minute chart). The weekly SPX chart says we're above the no trade zone and now in a bull market. ILF weekly chart show we've been in a bull market for 16 weeks but is starting to develop some bearish divergence. I'll be watching the short term charts very close. WE COULD SEE A 20% MOVE IN EITHER DIRECTION AT THIS TIME. FOCUS ON THE SHORT TERM TRADES FOR NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

# posted by Chris @ 7:56 PM 2 Comments

Monday, November 2, 2009

MOOSE Switch to CASH

I was already half way there. Read previous post!!!

# posted by Chris @ 7:23 PM 0 Comments

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