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Autobot trades for Thursday November 12


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#1 autobot

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Posted 11 November 2009 - 08:08 PM

Nasdaq 100 Index: The autobot indicates that a move under 1773.8 in the Nasdaq 100 cash market (NDX) should be shorted (in the index itself or in related instruments, e.g. QQQQ) with a target of 1723. Once the index reaches this level, your stop should be moved to breakeven and partial profits taken, with a final target at 1711. A stop loss should be placed one tick over this today’s morning high 1793.54 or QQQQ Sell on break of 43.61, if filled place stop @ 44.15. Target 1 is 42.55, where stop should go to b/e. Target 2 is 42.15. Retail Index: The retail index is at significant long term resistance. Take a look at weekly chart, and price reached the long term trend line drawn across the tops from last April. Happily, the autobot spit out potential trade for tomorrow. RTH: Sell Short $93.58 stop. If filled place buy stop $95.02. Initial target is $89.84 where stop should go to break even. Target 2 is $80.72 as of today but will be adjusted over time. China: FXI: Sell Short $45.30 stop. If filled place buy stop $45.80. On a tag of $43.85 move buy stop to entry. Target is $42.68. SDS: Buy $36.92 stop. If filled place sell stop $36.09. Target is $41.48. These trade parameters are for trade Thursday November 11. These equity ETF's have reached long term resistance levels. The software's logic predicts a reversion to price and volitility mean of the individual equities. Entries should not occur if market intends to truly break out and start another trending leg. We'll see what happens. I will post some charts of the softwares graphics if trades are triggered, and when I can figure out the method.

#2 Islander

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Posted 11 November 2009 - 09:31 PM

Is this what we used to call "flying under the hood?" All instruments? No thanks, the illusion of technology is everywhere, even my doctor uses it. Damned shame. Best, Islander. (I am not a bot, I make all my own mistakes)

#3 autobot

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Posted 12 November 2009 - 08:39 AM

Islander, As do I. I created the thing...