Last sentence: It is not true, as you still need to be well capitalized to have the holy grail.
Nasdaq-100 upside is less than or equal to 1%. If you do not have enough money, the forecast is still useless.
Sentiment seems to be bullish. Interesting.
Still interested to know about juicy ways to play the downside.
There are only 6 trading hours left before the beginning of thursday.
Shortie: Thanks for the kind comments. I had a look at egypt the last few hours, and it seems that the pressure is back again despite a number of concessions from the regime. If they run out of what they can give out, and the pressure mounts, I would not be surprised if Mubarak decides to take...
QQQQ is at 57.93 (Monday Feb 07). A bird told me to watch out for danger starting at current price and 1.5% higher. What do you guys think? In addition, could someone suggest the best way to play the downside?
QQQQ at 57.17. At this price and higher, if I were a buyer, I would be worried. Is a 10% retreat reasonable? (While typing, QQQQ went to 57.22, and then suddenly fell to 57.10).
Falconview and Stanford:
I am stopping by just to say hello, and to offer my best
wishes for a happy, healthy and prosperous new year.
Best regards,
TJ
I am in search of the best trades on the short side. For instance with QQQQ now at 56.04, what would be the best trade to play the short side?
If there is indeed a retreat, how deep would it be and how long would it last?
Was there payroll this morning? The market was up when I check in pre-market. I would not be surprised if jobs reports are not good, which would make the market doing the opposite of what it should do.
Do you remember what I posted on a number of occasions weeks ago about QQQQ at 56. It is now at 56.
Could you remind me of my thoughts about what would happen when 56 is reached, and getting closer to earnings?
Is Nasdaq-100 reversal confirmed? QQQQs now at 54.86, after trading at 54.75. Let us see if sellers will show up starting at 54.87 (1 cent away from current price).
Could you guys post summaries made in the press explaining today's red market open? It can be useful to see how they explain such things, now that the market is in the red.
Do you think it would turn green later today?