Pivotal day
#11
Posted 09 January 2007 - 11:31 AM
#12
Posted 09 January 2007 - 11:42 AM
Sounds like you're fading me though...which I find laughable from a guy who missed the entire rally from the lows by shorting QQQQ. Sheesh.
IT
If you're implying that you're long right now and that I'm shorting right now, that would be correct.
If you're also implying that I've not been making money during this leg, you would not be correct.
Don't get so touchy, we're all traders here. I was merely pointing out that you and XD are once again on opposite sides of the trade. And I'm on the same side with XD at the moment. Its not a knock on your trading ability.
#13
Posted 09 January 2007 - 11:47 AM
Your call on filling of the NDX gap the other day was very accurate. Curious what your current outlook is. Have no doubt, you are among the best traders in the board.
G.
Everyday is pivotal. No?
some days are more pivotal than others
(sorry, bad joke, but could not resist it)
It's the illiquidity, stupid !
#14
Posted 09 January 2007 - 11:48 AM
Sounds like you're fading me though...which I find laughable from a guy who missed the entire rally from the lows by shorting QQQQ. Sheesh.
IT
If you're implying that you're long right now and that I'm shorting right now, that would be correct.
If you're also implying that I've not been making money during this leg, you would not be correct.
Don't get so touchy, we're all traders here. I was merely pointing out that you and XD are once again on opposite sides of the trade. And I'm on the same side with XD at the moment. Its not a knock on your trading ability.
I didn't "imply" that I'm long. Simply comments about the relative strength in NDX. Don't have a clue whether you're short at this time, or what you're short. And I don't have a clue what you mean by "making money during this leg". You were on the wrong side all the way up, so whatever you're making right now is unlikely to have made up for it.
IT
#15
Posted 09 January 2007 - 11:54 AM
Sounds like you're fading me though...which I find laughable from a guy who missed the entire rally from the lows by shorting QQQQ. Sheesh.
IT
If you're implying that you're long right now and that I'm shorting right now, that would be correct.
If you're also implying that I've not been making money during this leg, you would not be correct.
Don't get so touchy, we're all traders here. I was merely pointing out that you and XD are once again on opposite sides of the trade. And I'm on the same side with XD at the moment. Its not a knock on your trading ability.
I didn't "imply" that I'm long. Simply comments about the relative strength in NDX. Don't have a clue whether you're short at this time, or what you're short. And I don't have a clue what you mean by "making money during this leg". You were on the wrong side all the way up, so whatever you're making right now is unlikely to have made up for it.
IT
Thats where you're wrong. There's a difference between being bearish and having proper money management. I'm mostly a short term trader, and as you may have seen in my posts real time, my intra day and swing trades are highly on the mark.
But you may think what you want and use me as a fade anytime . Some people's system seems to rely mostly on fading certain people it seems. So ya, go long. I'm short this morning from Qs 44.15 and 43.98.
Edited by dcengr, 09 January 2007 - 12:03 PM.
#16
Posted 09 January 2007 - 11:59 AM
It's the illiquidity, stupid !
#17
Posted 09 January 2007 - 12:52 PM
#18
Posted 09 January 2007 - 02:53 PM
Where do you see the Semis getting hammered? They have been up since the start of the year, similar to the NDX.
IT
What I am talking about is this....
I have been shorting select Semis since September for 4 months and I am up on that group more than NDX made since the summer lows...
Semis are in a full blooded bear market that will be more visible once the broad market tops out...
you'll get a different picture (false breakdown) if you draw that same trendline on the SOX rather than on the SMH fwiw....
RF
#19
Posted 09 January 2007 - 04:10 PM
I'm buying tomorrow.