Doldrums yielded a fairly tight range that has yet to be pierced by either YM or ER2. HVP for ER2 is like a magnet - pops above, comes back, pops below, comes back ad nauseum. YM HVP on the other hand tested it twice today staying below it for the day. Both tests have been soundly rejected. Price is moving up to to of Doldrums range as I write, will see if a 3rd test of HVP for YM is a charm. Oh, BTW, I fell off the discipline wagon and am holding both long ER2 and YM positions. No need to try and justify it, they were impulse plays that I am holding onto.
Bad process.
Tuesday, October 16, 2007
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