thursday turnaround and around and around, page-32

sorry about the delay, dog just turned off my puter again. Had to do some reorganisation to raise it up quite a bit cos he's been making a habit of it tho right now he's decided a place outside in the sun might be more agreeable! lol

re dow: the options possie (trading warrants, which are options based) on dow. i'm not sure if it will come off tonight but I do expect it to end sept lower than present levels. The chart downtrend remains intact, and its just come back up to the downtrend line last night so a logical place to short if you're bearish. The beauty of options is that you only lose, if you lose, at the max the amount you've paid for them. With cfds and futs, you risk the house potentially on every trade. I chose a small quantity of high delta (proportionate move to underlying) and high theta (time decay) long dated warrants (Dec). If dow rallies i may add to short possie on each rally cos i think its in la la land and eventually the pills will kick in.

Re rsi: I'm not real fussed but i happen to use 70:30 as well.
cheers!