The Twilight Zone, that's what I feel I'm stuck in right now. NYC is sure a strange place, and I'm starting to wonder how I will be able to make it here with a < $20,000 a year salary a certain media affiliate has offered me. My recent trading sure isn't going to do it.
My new roommate is pretty cool; everyone here calls him "the Colonel", because he always says, "I've earned my stripes, cuz!" He calls everyone "Cuz", and has had parties every night I've been here. The other night, the Colonel tried hooking me up with some chick and she kept trying to kiss me and rub my boney chest. My mom has always told me to never give it up on the first night, and I'm glad I took her advice since I saw her/him urinating in the bathtub using a penis the next morning. The Colonel got a good laugh over the whole thing.
I've been visiting the Slope here and see that Tim Knight has been giving out some long ideas, I've also talked to some really bullish friends who said there is no way they were going long here and thinking about going short. I feel like I'm in upside down world, getting homesick and missing grandma's ham-loaf. My Fiero fund, which looked so promising a month ago, is back to where it was months ago…
Here is a chart of the RUT and how I played it using old TA techniques and rules. Short the January intermediate top around 649-650 (which also acted as support back in 2008) in late-Feb early march, and set stops above resistance-line/top 3-5 points or percent. Well I shorted the RUT feeling good about it, but stops were hit and now I'm flat on the Russell2000.
We are now above the 649-650 resistance line, and it is support again like it was in 2008. Correct me if I'm wrong, but a pullback to this line would appear to be a good place to go long placing a stop 3-5 points or percent below, unless we plunge through that line rather quickly making it a short again.
Good luck everyone, I'm very confused in many ways right now!
