With an Itch and a Ouch?
Or just OUCH!!!???
I'm 75% short, $100K
- Thread starter newestmember
- Start date
Or just OUCH!!!???
QQQ could go to 43+ before correcting. Correction would be to the 31-36 range. All we need to know is when. 
Quote from valleyvintner:
QQQ could go to 43+ before correcting. Correction would be to the 31-36 range. All we need to know is when.
All I need is a machine the prints tomorrow's prices today.
newestmember:
Suggestion: backtest your strategies so at least you know the probability (based on past data) and therefore adapt your positionsize (risk) to it.
Otherwise you will loose against all the systemtraders out there. The competition is too high nowadays.
Cheers.
Suggestion: backtest your strategies so at least you know the probability (based on past data) and therefore adapt your positionsize (risk) to it.
Otherwise you will loose against all the systemtraders out there. The competition is too high nowadays.
Cheers.
On 1/9/04 (Close/37.73) the 1/8/04(Close/37.97) Low was penetrated after 4 days of up candles....Volume was heavy.
Next 1/12/04 Gap up open ~.12 and then a new high of 38.35 on 1/12.
Consolidation appears to have set a range of 38.35 and 37.60 ~ roughly a point.
Consolidation breakout on 1/16 to a new high of 38.63. Volume is still steady.....
Personally I am having a problem with this call. I can see your reasoning initially. However unless this dives back into the consolidation range the day after MLK Holiday....I am SHORT SQUEEZING the Top Callers. No offense. The others in the room are calling the trend. The trend appears to be up and your call is against the trend you may want to scale out of 1000 SHARES, I would. I hope you are not wrong, good luck.
Next 1/12/04 Gap up open ~.12 and then a new high of 38.35 on 1/12.
Consolidation appears to have set a range of 38.35 and 37.60 ~ roughly a point.
Consolidation breakout on 1/16 to a new high of 38.63. Volume is still steady.....
Personally I am having a problem with this call. I can see your reasoning initially. However unless this dives back into the consolidation range the day after MLK Holiday....I am SHORT SQUEEZING the Top Callers. No offense. The others in the room are calling the trend. The trend appears to be up and your call is against the trend you may want to scale out of 1000 SHARES, I would. I hope you are not wrong, good luck.
57.65% short interest on QQQ.
Does a move to 60 eventually seem that impossible on a long term chart?
http://www.ttrader.com/mycharts/display.php?p=11925&u=mrwsm&a=MRWSM TA Charts&id=242
Does a move to 60 eventually seem that impossible on a long term chart?
http://www.ttrader.com/mycharts/display.php?p=11925&u=mrwsm&a=MRWSM TA Charts&id=242
QQQ went as high as 39, but my stop is at 39.50
I trade Nasdaq stocks, always moving from one to the next, and there's been an obvious sea change in investors appetite for long positions. It hasn't felt like this since Mid October when the Nasdaq began a mini-correction....
Won't surprise anyone if it corrects now, god knows it's due for one....
I trade Nasdaq stocks, always moving from one to the next, and there's been an obvious sea change in investors appetite for long positions. It hasn't felt like this since Mid October when the Nasdaq began a mini-correction....
Won't surprise anyone if it corrects now, god knows it's due for one....
Shorted earlier at 38.15
Covered today at 36.75
Will buy 100K long on tommorow's open (if the market doesn't bounce before then, although it might).
Covered today at 36.75
Will buy 100K long on tommorow's open (if the market doesn't bounce before then, although it might).
