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#1 CLK

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Posted 03 January 2007 - 02:35 PM

:lol: :lol: :lol: :lol: :lol:

#2 hiker

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Posted 03 January 2007 - 02:37 PM

You forecast QQQQ closing today below 42.88 horizontal support? Just curious....I am daytrading this today is all. flipped long to short on IYR, but needs to move below 82.50 to 83 zone for me to hold onto short.

Edited by hiker, 03 January 2007 - 02:40 PM.


#3 CLK

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Posted 03 January 2007 - 02:42 PM

You forecast QQQQ closing today below 42.88 horizontal support? Just curious....I am daytrading this today is all.

flipped long to short on IYR, but needs to move below 82.50 to 83 zone for me to hold onto short.




Just logged on, no opinion yet, just having a little
fun to make up for the heat I took over the weekend.


:D

#4 arbman

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Posted 03 January 2007 - 02:44 PM

What you are seeing is the accumulated buy and sell orders trying to get executed all in the same day since Christmas. Clearly, there is tremendous overhead resistance built up over the last month... - kisa

#5 hiker

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Posted 03 January 2007 - 02:53 PM

did not read TT this weekend, so have no idea what heat you took or why? You forecasted an early 2007 selloff?

I am now long QQQQ from 42.88 where I covered intraday short....see my QQQQ thread below for charts.

btw, chk out SLV hourly chart...some interesting support is holding so far today -

Posted Image

rimm 20 day 60 minute

Posted Image

Edited by hiker, 03 January 2007 - 02:47 PM.


#6 CLK

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Posted 03 January 2007 - 03:30 PM

Took a little off just now, money management only. Hiker, I'm still expecting 110 area on RIMM soon, bounces to be endured along the way though.

#7 hiker

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Posted 03 January 2007 - 04:20 PM

CLK...that RIMM 108-110 area has been mighty strong in the past. You really expect it to move there again? Such a move would surprise me, but I am not trading it right now except as a daytrader. Predicting in the first week of January is like guessing whether the wind will blow today.

Edited by hiker, 03 January 2007 - 04:22 PM.


#8 CLK

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Posted 03 January 2007 - 07:24 PM

CLK...that RIMM 108-110 area has been mighty strong in the past. You really expect it to move there again?

Such a move would surprise me, but I am not trading it right now except as a daytrader. Predicting in the first week of January is like guessing whether the wind will blow today.




I know what you mean and I would do alot better if
I would just take every signal on a daily basis and if
I miss something so what....tough to do but I have to
start, being I trade options.


PnF daily projects RIMM to 108, I thought we had the tri break
today but they took it back.

#9 hiker

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Posted 04 January 2007 - 02:56 AM

120 horizontal support on the daily needs to fail before lower prices are seen. Ted Burge at Stock Charts public lists is also showing this as the next support level.

Edited by hiker, 04 January 2007 - 02:57 AM.