The rally this week

Quote from tradingjournals:

Would it start today or tomorrow? To keep track of market progress, we would use QQQ at 54.61 as reference.
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qqq at 56.00. The bulls got the bears more than three times at above price region, and with swings of swings of about 2.5%, for a total of 7.5% in 10 days only!

Someone has to pay. Will be the bears who shorted at a bottom, or those who bought late after the rise at around 56? We shall now the answer next week, but one thing is sure: the bottom sellers/late buyers are both hindsighters.
 
Quote from bwolinsky:

I follow your threads because they are that entertaining.

Your journal blowing out a $100 account and also making calls on futures losing over 234 points is even more entertaining.

How soon are you going to be sellling this? Because I've gone long on this last rise and reversed from 2221 to 2262.5, reversing there.

Does your model even have a profit factor greater than 2?
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QQQ at 56.00. Why were you bearish QQQ at the bottom? The last time was when QQQ was in the 54.50 area. When will you cover your shorts?:)
 
Quote from tradingjournals:

qqq at 56.00. The bulls got the bears more than three times at above price region, and with swings of swings of about 2.5%, for a total of 7.5% in 10 days only! ...
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Good call! Where do you close your position?
 
Quote from tradingjournals:

QQQ at 56.00. Why were you bearish QQQ at the bottom? The last time was when QQQ was in the 54.50 area. When will you cover your shorts?:)
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Look at a chart again. Two days ago Thursday I bought at 2221 and reversed at 2262.5 and averaged up double at 2275.5 for an avg price on 4 of 2269 and I will cover on the next higher low signal. Presently at a lower high my models
Have caught the up and down moves perfectly.
 
Quote from tradingjournals:

Would it start today or tomorrow? To keep track of market progress, we would use QQQ at 54.61 as reference.
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1. It was the bottom, and QQQ is up around 4 dollars.

2. As one can see from the history of this thread, people were very bearish (and even proud to be bearish) right at the bottom (probably because of the hindsight at the time which look good to them for the downside).

3. QUESTION: are the guys who were bearish (when the thread started) now bullish?
 
Quote from bwolinsky:

Sooner or later you get crushed, and I don't understand why you keep making the same amateur mistakes and try to pick the hard bottoms when it's easier to trade tops .
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He thought I was buying a top, and that he was shorting a top. It was the opposite that took place. If he did not post it here, he probably would have said he never stated it :cool:
 
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