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I was expecting some pullback here but did not happen. I'm still long some stocks with a stop below last 2 week's low. The positions are small but profitable. I'm rephrasing makloda from another thread. During 99-00, many people knew that the techs were in a bubble, but anyone who shorted it...

Here is the chart.

Thanks, there are quiet a few stocks. I randomly checked WMT and XOMA but they do not meet the criteria. Usually this scan would be run after Friday's close. For example re: XOMA, on friday it closed at a new high. This week so far it is down but still too early to tell where it will close on...

Thanks, I will check those. I'm looking at the weekly data only. So for week 1 if the high is 12 and low is 8, the second week's high should be less than 12 and low less than 8. It can close anywhere in between.

I'm looking for EOW scans. I'm looking for stocks that made lower high and lower low for 2+ weeks. Anyone has any idea? Tried Google.

This is priceless. This one paragraph sums up everything that I have learnt. No indicators, no forecasting just understanding what is happening now.

Damn. I thought it was another thread by ByLoSellHi.

I have no intention of shorting here but I will be watching closely for any weakness in the next few days. I'll look into what you said.

Which gap are you referring to?

DOW 13000 is very possible which is less than 40 pts. from Friday's close. Same with S&P, I think it will get to 1500 but I'm not sure if it can close above 1500 on a weekly basis. If it does, the next target is around 1560. I think a short trade here provides good risk/return ratio. Stop...

You're right. I should have been more clear. The 3-5% decline is for S&P. In this case IWM and QQQQ should decline by more than S&P in percentage, maybe 5-8%. I am expecting the overall market to be weak and Nasdaq and Russell to lead to the downside. It is very unlikely for QQQQ to...

My question is if the scenario that I presented occurs, how do I profit from it? I can buy QID but wanted more reward for the risk. I have no idea about gamma, delta, vega and as such. I'm not loking at RSI or any technical indicator besides MA.

Anyone?????

For all the options people here. What can I do to profit in case of a decline. I am thinking about buying May or June puts. Let's assume a 3 to 5% decline in the next 2 months. What would give me the best risk to reward? It can be on QQQQ or IWN. Thanks.

I think this market is going to decline soon. Some of the things that I follow are pointing towards a decline. Here are the things that I am looking at. 1. Rising bond yield. 2. Junk bond funds unable to make a new high. 3. Nasdaq and Russell not participating as in other rallies...

Thanks Blue... I'm long QQQQ here but was pretty worried and wasn't sure to stay put or take profits. I'm staying with it. I remember it was the 3rd or 4th week of March, Blue said that, the market seemed so strong that he is thinking long. I purchased QID around low52 that time. It went up...

Please tell me that you're joking.

Overbought/Oversold indicator with some price filter works great. My target is $7.25, STOP below $4.80. If it starts consolidating here, I'll get out.

SIGA.

I have been bearish but I'm amazed at how the market is discounting all the bad news. A close above 1428 in S&P will make me bullish.