pls do not think this is an irresponsible post tempting folks to buy QID
just pointing out that a QID entry is a counter trend trade right now that potentially no one wants...is that a sentiment trade idea?
I am long QID 41.52 to 41.54..fairly large pos
qid
Started by
hiker
, Jul 17 2007 09:02 AM
5 replies to this topic
#1
Posted 17 July 2007 - 09:02 AM
#2
Posted 17 July 2007 - 09:31 AM
later update...of all the ETF's I monitor/trade..only 3 in red right now are
SDS
QID
SRS
does not look good at the moment for shorts....I sold QID on this rally in the averages off the low
#3
Posted 17 July 2007 - 10:19 AM
back in QID long from lower..near day low 40.'s..stop at .36 or so..VERY large position this time...looked like stop running that provided this opp to buy near day low.
still very risky trade.
red ETF's now are:
EWZ
XLU
IYR
SDS
QID
Edited by hiker, 17 July 2007 - 10:22 AM.
#4
Posted 17 July 2007 - 10:57 AM
back in QID long from lower..near day low 40.'s..stop at .36 or so..
still very risky trade.
I just got a SELL within 3 days for SPX, you may have a good trade going here. I am watching.... may enter later...
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#5
Posted 17 July 2007 - 11:31 AM
red ETF's now in descending % loss since the close
XLE
IYR
OIH
QID
SDS
being short refiners now has been the place to be this week
mss ...you already know that!
-------
now SPY is red and SDS is green...QID headed toward green, very close now.
Edited by hiker, 17 July 2007 - 11:35 AM.
#6
Posted 13 August 2007 - 12:57 PM
.618 retrace of the decline from 57.11 to 40.63 would place price of QID at:
50.81 vs recent high last week of 47.78
.50 retrace is 48.87