Jump to content



Photo

QQQQ


  • Please log in to reply
4 replies to this topic

#1 selecto

selecto

    Member

  • Traders-Talk User
  • 6,871 posts

Posted 31 December 2006 - 10:45 AM

Posted Image

I will end the year bloodied but unbowed on this call, as I still have the daily cubes bb squeeze resolution for down, with maybe some help from the 60.
Or not.

Posted Image

#2 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,626 posts

Posted 31 December 2006 - 01:07 PM

Posted Image
Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#3 selecto

selecto

    Member

  • Traders-Talk User
  • 6,871 posts

Posted 31 December 2006 - 01:20 PM

Yup. I have been sleeping with his book under my pillow. The resolution is almost always in the direction of the 5 sma of cmf, (with other stuff) I do look at most of the volume crunches, but only draw up for posting an abbreviated "cool" looking chart. By the way, on the QQQQ weekly I also have price momentum inexorably for down

Edited by selecto, 31 December 2006 - 01:21 PM.


#4 slatedrake

slatedrake

    Member

  • Traders-Talk User
  • 269 posts

Posted 31 December 2006 - 01:57 PM

Another view of the cubes looking at divergence on the 30min chart.

Not as much neg D currently compared to the previous build up between Dec 14th-18th that produced the big swing low...

Looking for a little more downside, and than a bounce around the $42.90 range...

http://stockcharts.c...478&r=8829&.png
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.

#5 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,626 posts

Posted 31 December 2006 - 02:04 PM

by the way, on the QQQQ weekly I also have price momentum inexorably for down


Yep, my weekly gave a sell signal 12/15 but price has not retreated much since then. My guess is the mkt has a positive bias coming into next week and then we see. So, lately I have been doing only swing trading long and short as that is what I can make money at rather than trying to divine what to do on an intermediate timeframe. ( accounts are in an IRA so taxes are not a factor)

As you probably know, it is really hard to take a position and ride it intermediate term contrary to what Livermore wrote :lol:
Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer