Weekly Poll: After Mubarak Shoved +4% Candle Up Bear's Butt, What Happens Now?

[S2007S]

Nasdaq is leading again today, once it starts to move higher it will take the dow higher with it, get ready for the mid day run up.

 

[tradingjournals]

Quote from S2007S:

Nasdaq is leading again today, once it starts to move higher it will take the dow higher with it, get ready for the mid day run up.

Why you do not think it is heading down?

 

[shortie]

Quote from tradingjournals:

Which strike do you think would be cheap if one were to buy puts on QQQQs? (QQQQs are now at 59.55).

it is 58.55, not 59.55

Feb 58 put 0.18 but it is gambling

 

[noddyboy]

Quote from S2007S:

Nasdaq is leading again today, once it starts to move higher it will take the dow higher with it, get ready for the mid day run up.

I am selling out...

 

[shortie]

Quote from shortie:

it is 58.55, not 59.55

Feb 58 put 0.18 but it is gambling

this is too dangerous. the option folks may decide to push everything higher into expr to screw all Feb call sellers and put buyers.

April 57 put @1.06 is my choice

 

[shortie]

Quote from tradingjournals:

We have had two selloffs from 57.93 level. The 1.5% window given by my models, at beginning of last week, for a qqqq topping was [57.93, 58.80]. I missed logging in at end of day Friday to buy puts. I hope we will not have a down gap at open on Monday---so I may buy some puts at favorable prices.
...

could your models predict XLE top? it is at new High.

 

[GrandSupercycle]

S&P500 daily chart posted at my blog shows extreme overextension contained within the megaphone pattern.

This pattern reminds me of Wile E. Coyote temporarily defying gravity after running off the cliff...

 

[tradingjournals]

Quote from shortie:

could your models predict XLE top? it is at new High.

They say that over the next 2 to 4 weeks 80 would be a top, and depending on price action we would know if this would be a top of a longer term. This does not mean that price will get to 80, but that if it gets there, models say to expect a retreat. Currently price at 76 area, and is at the middle of estimated top price and the price where first support at around 72.

XLE looks much stronger than,for instance, QQQQ.

Model prediction for yesterday's XLE top was around 75.90.

 

[tradingjournals]

Quote from shortie:

this is too dangerous. the option folks may decide to push everything higher into expr to screw all Feb call sellers and put buyers.

April 57 put @1.06 is my choice

I wish I read your post before I bought 58 puts. I bought at 0.19 and at 0.23. The move in QQQQs was much bigger than twice the move in options (time decay), so a longer term option were have been much better.

 

[shortie]

who is still Long at these levels? i am asking the traders who Swing trade, not the intraday crowd. does not one have to possess giant balls to be Long after the market is up 30% in 6 months?