These charts of the XLF as of 3:00 PM Wednesday February 3, 2010 indicate an expiring T from the standpoint of three different oscillators. The financials seem to always lead the market in the general direction of all averages. Since the most profitable strategy has been to short the average at the time of the expiring T I executed the following orders;
Sold Short FAS @ 72.31
Bot FAZ @ 19.07
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2 comments:
GREAT TRADE!
Nice buy. I'm holding BGZ and not quite sure when to release, but hey, it's good to be green and not red. Wendy
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