The QQQs are getting hammered and IMHO, are headed sharply lower Friday and then possibly sharply lower during OPEX week...
#1
Posted 08 September 2011 - 02:30 PM
http://stockcharts.c...6450&r=7391.png
Here is the QQQ weekly chart:
http://stockcharts.c...89478&r=969.png
Here is the QQQ daily Ichimoku chart:
http://stockcharts.c...2492&r=7688.png
Here is the QQQ weekly Ichimoku chart:
http://stockcharts.c...3262&r=2352.png
Here is the QQQ daily Renko chart:
http://stockcharts.c...0224&r=3522.png
Cheers,
Bob-C
#2
Posted 08 September 2011 - 02:50 PM
Edited by DrSP, 08 September 2011 - 02:51 PM.
#3
Posted 08 September 2011 - 03:11 PM
Bob, thanks for your post. I don't have a sell signal yet on major indices or futures. The early masters have got sell signals, it seems to me from their posts. My buy signal from yesterday was invalidated though. The market internals are terrible today and we are lucky for the market to be down only ~ 1%.
I have buy signals on precious metals Gold and Silver but I am not playing with fire on the upside.
You're very welcome DrSP, good to hear from you. Thanks a lot for your buy and sell signal updates and market insights.
Best,
Bob
#4
Posted 08 September 2011 - 04:29 PM
Bob, thanks for your post. I don't have a sell signal yet on major indices or futures. The early masters have got sell signals, it seems to me from their posts. My buy signal from yesterday was invalidated though. The market internals are terrible today and we are lucky for the market to be down only ~ 1%.
I have buy signals on precious metals Gold and Silver but I am not playing with fire on the upside.
You're very welcome DrSP, good to hear from you. Thanks a lot for your buy and sell signal updates and market insights.
Best,
Bob
Senor's interpretation of the waves is muy bullish, one of us will be dead wrong, should be fun amigio!
Regards
Senor
#5
Posted 08 September 2011 - 05:09 PM
Hi everyone,
Bob-C
I'll take the inverse Bob - if 1120 holds - I am bullish to 1250 and will re-evaluate.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#6
Posted 08 September 2011 - 05:20 PM
Here is the QQQ 2-year-weekly linear-regression chart.
Here is the QQQ 4-year-monthly linear-regression chart.
Cheers,
Bob-C
#7
Posted 08 September 2011 - 05:25 PM
Hi everyone, here is the QQQ one-year-daily linear-regression chart.
Here is the QQQ 2-year-weekly linear-regression chart.
Here is the QQQ 4-year-monthly linear-regression chart.
Cheers,
Bob-C
Nice work Boc - I use regression sometimes.
17_16
#8
Posted 08 September 2011 - 05:30 PM
Hi everyone, here is the QQQ one-year-daily linear-regression chart.
Here is the QQQ 2-year-weekly linear-regression chart.
Here is the QQQ 4-year-monthly linear-regression chart.
Cheers,
Bob-C
Nice work Bob - I use regression sometimes.
Thanks very much Dex. It's nice to hear that you use regression too.
Keep up your good work.
Best of luck to you on your trades.
Bob
#9
Posted 08 September 2011 - 09:49 PM
#10
Posted 08 September 2011 - 10:11 PM
http://stockcharts.c...8474&r=4887.png
Here is the TQQQ daily chart:
http://stockcharts.c...9520&r=4272.png
Cheers,
Bob-C
Edited by Bob-C, 08 September 2011 - 10:13 PM.