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QQQ's & Clues...


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#1 TheArchitect

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Posted 13 March 2008 - 01:24 PM

clues are coming from the weekly... as well as internals (i snuck a chart in on hikers post last night)... that this week may be it... ;) ...starting to build up a pos today... April 45 calls...

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#2 TheArchitect

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Posted 13 March 2008 - 03:00 PM

and a close above 43.00ish today should lead to a higher close tomorrow...resulting in the first meaningful up week out of the last 6... and providing some technical repair to the mkt... :bull:

#3 StillLearnin

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Posted 13 March 2008 - 03:09 PM

TA, You switched on a dime from last night? Was it the price action today? SL Edit: Also I agree if we take out the high of last week that would be a key reversal off 200 week moving average. Pretty bullish weekly chart. I am glad you posted that. I zoom around all time frames during the day but rarely look at weekly...

Edited by StillLearnin, 13 March 2008 - 03:16 PM.


#4 TheArchitect

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Posted 13 March 2008 - 03:26 PM

You switched on a dime from last night?


a dime?...actually i switched on about a 150% profit...this morning after dumping a boatload of puts... i'd kinda been collecting them the past couple days...thats the game right? ;)

i also mentioned that a close on the hourly above that downtrend line would change my mind... member? ... and what happend???... yep... :yes: Last Nights Post

i think i may have even mentioned something to you last night about watching some april calls... ;)

#5 StillLearnin

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Posted 13 March 2008 - 03:30 PM

Hey it was on a dime.... I didn't say it wasn't allowed! Good Job! That is right I do remember you suggesting going long with a break of the trendline... Is that where you closed your puts and bought calls? SL

#6 TheArchitect

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Posted 13 March 2008 - 03:39 PM

Hey it was on a dime....

I didn't say it wasn't allowed! Good Job!

That is right I do remember you suggesting going long with a break of the trendline...

Is that where you closed your puts and bought calls?

SL



no... puts closed at open... when gaps are on your side, you shouldn't be greedy... didnt' start scaling into calls till late day...

#7 The End

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Posted 13 March 2008 - 06:28 PM

Good trading TA. :-)
NONE of what I type should be taken as financial advice.

#8 TheArchitect

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Posted 13 March 2008 - 07:10 PM

Good trading TA. :-)



thanks TE :)