I'm going to start buying here, what do you think?
- Thread starter Sharp
- Start date
The other day I felt that a break of 1142 on a closing basis in the SPX would be needed for a change in bullish bias, AND a break of NDX 1420 as well.
Thus far, we have gotten one of the two.
1130.50 just got tested successfully for the time being.
Today's S2 = 1130.15 Very key level.
If it holds, go with it!
Thus far, we have gotten one of the two.
1130.50 just got tested successfully for the time being.
Today's S2 = 1130.15 Very key level.
If it holds, go with it!
Feels like a 3Pm rally coming.
Quote from waggie945:
The other day I felt that a break of 1142 on a closing basis in the SPX would be needed for a change in bullish bias, AND a break of NDX 1420 as well.
Thus far, we have gotten one of the two.
1130.50 just got tested successfully for the time being.
Today's S2 = 1130.15 Very key level.
If it holds, go with it!
Not when it's posted by some newbie trying to show the world he can trade.
Okay, I have just finished up for the day and here's my thoughts....I GOT CREAMED!!! My account is down about 6% on the day and nothing I did worked. I liked the action this morning, when I went to bed last night the NQ was down 4 points, when I woke this morning is was up 4 points. I started buying QQQ calls first thing this morning, and for I while I was doing good. The Nasdaq seemed strong against the Dow and S&P so I started buying the futures, also. When the Nasdaq first pulled back to the flat line I thought we would make a strong move higher, but by 12:00 (pmt) I was already heading for the exit. By 1:00 (pmt) I was down badly so I started taking some short positions in the NQ but my lack of confidence and bad mental condition prohibited me from making any money today. Oh well, tomorrows another day. From now on, I'm going to try harder to stick to my regular intra-day trading, that's the only way I ever make any money. Hope your day was better then mine!
By the way, if this post is referring to me it's incorrect on two levels. First, I'm not a newbie, but if that's what you think, okay. Second, I'm not trying to show anyone that I can or can't trade. I just thought there may be people on this site who would want to exchange in some real dialogue concerning the market; rather then the normal rhetoric that gets posted day after day.