Exposing Ideas to the Envelope of Serendipity

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Sunday, May 17, 2009

Strategy for Monday May 18, 2009

Monday intraday, I will be scanning for any leveraged bull ETF, like FAS.

IF it should reach 2 sigma relative to its VWAP price, I will likely purchase FAZ aggressively (or whichever counter ETF) .

Note: FAZ should be -2 sigma when FAS is +2 sigma.

The market, imo, will struggle for a direction on Monday.

The market will be a range day with high amplitudes relative to ETF and Index VWAP prices intraday. 

My bias for Monday will overall be bearish (VWAP slope being negative).

Sunday evening the /ES futures will establish the range for Monday's trading.

I will vacate the above plan if /ES futures Sunday night paint a different picture.

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