Lots of short sellers at 13,000 level.
- Thread starter SteveNYC
- Start date
Noticed this too, around DOW 13,000 NQ was about 2599.50 where 900+ contracts were sitting and those people did really well today I'm sure.
CNBC is creating hysteria over a pattently insignificant value on the DOW like 13,000, sending it higher for no reason, and they are also doing this by saying "Can the NASDAQ hit 3,000?"
It's typically the sign of a top, and price action should have one more period of weakness if it goes lower then higher and depends on whether that move higher will be a lower high or another continuation of a breaching higher high.
CNBC is creating hysteria over a pattently insignificant value on the DOW like 13,000, sending it higher for no reason, and they are also doing this by saying "Can the NASDAQ hit 3,000?"
It's typically the sign of a top, and price action should have one more period of weakness if it goes lower then higher and depends on whether that move higher will be a lower high or another continuation of a breaching higher high.
So...if it goes down it's going to go down, and if it goes up it's going to go up. Sounds good. I have my ATF (after the fact) orders placed at Ameritrade. Thanks.
Quote from TheAngryHermit:
So...if it goes down it's going to go down, and if it goes up it's going to go up. Sounds good. I have my ATF (after the fact) orders placed at Ameritrade. Thanks.
Be careful, broker bwolinsky will stalk you.
Numbers and source please.
traderchi128
Guest
Quote from bhardy307:
There are lots of people on ET who act like they know "squat" from "diddly", but actually know "diddly squat", if you get my gist.
I hear ya. I just read some of his other posts where he spoke about having 8 figure accounts.....having to worry about position limits in Nasdaq futures...etc. But trading 50k is a bit far away from those issues....I guess he is preparing
