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until the gap closes up.

Your levels was valid for YESTERDAY (equivalent to QQQQ around 56.15-- see shortie's thread). The 130 level might be riskier for today. If I have to catch the SPY knife, wouldn't the 128.5 level be less risky for a bounce?

I should have loaded as the bottom was only 3cents away. It is easier in hindsight.

Yes, but I did not explain it in an operational way like you did. You got it right.

He applied a UN Veto to stop a resolution which has supports from everyone in the world. The resolution is a reminder of the illegality of israel settlements in palestine, so it is double burden. He also caved in to Israel's destruction of the peace process. People are reflecting it.

Bahrain promised around $3K to each family but they still came out. People are hungry for freedom and democracy, and the revolutions are saying that is what the arabs want. The kings should be encouraged that so far no monarchy has fallen. How about the situation in these monarchies...

They have have given people headaches and for years with their "all options are on the table" regarding Iran. When one hears them talk, one might make the mistake to think the talk is coming from someone stronger than Uncle Sam. Iran's two military ships are reportedly sailing in meditterean...

The US may have learned from the Iraq experience that what the israel zionist told them about Iraq and Arabs was falsehood. Worse, the opposite of what they were told them turned out to be true.

Ben and Mubarak both got their azzes fried on friday. Ghaddafi should be done this Friday, if the trend continues. If there is an intervention candidate in an arab country, Libya would be one of them. It has OIL, but dangerous tribes as well. PS: this would be consistent with a top on XLE...

QQQQ at 56.17. I think I am going to try my luck here.

QQQQ at 56.24. I feel that smart money might start taking some profits on its short positions between current price and 56.04. What do you think?

Libya has an implicit hedge for its geo-pol risk, because it is bullish for oil. In comparison, no oil in egypt but 10 times more people. However Libya is more than 10 times bloody compared to egypt. Long XLE/Short QQQQ might isolate geo-pol for libya?????

QQQQ at 57.19. Is it time to take some profits for today? $1.60 move from the 58.79 level.

How to protect against the event?

I bet that the vast majority of the readers are on your side. I would also bet they will not take your challenge--- they know you are telling the truth.

LOL! Best comment!

If the iranian ships cross, the moment of truth would come for the zionists in Israel. The have barked so many time, so if they do nothing, they would establish deterrence against themselves. Let us recall that they attacked and murdered peace activists in boats in sea about a year ago.

Glad to share with a good ET fellow!

Good one! BTW what are your numbers on the QQQQs?

Didn't the descent already start? What is the reason then?