I SAID I WAS SHORTING THAT %$#@ing CLOSE...

...if we want to see a good IT bottom to launch an april RALLY... see LAST NIGHTS POST

step 1 was tuesday... rally into FOMC and take the vix down... -check
step 2 began today... sell off... begin distribution phase... hourly momentums show no sign of a a change in major direction... this could go well into next week... and needs to take the VIX into the low 40's... (at least above 38ish)... during which, a few short lived rallies should be seen to decrease the average rate of decline in price...

this would conclude step 3... and lead right into step 4... a climatic type bottom in price... with a higher VIX reading... and a negative divergence in an oscillator (i.e. CCI)... (this divergence will come only if we see those small rallies dampening the increase in the oscillator reading)

so there it is... if i were to engineer a perfect IT bottom from where we are now... that'd be it...

(still short SPX, QQQQ and MA puts... yep still think MasterCard sees 180 by end of april... )


http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=0&dy=0&i=p55567999329&a=133461914&r=5818.png

As you can see from your weekly which also agrees with the 65 min, you want to see this thing go just a little higher now on light volume to set this up... Bring on the gap up!

I almost got greedy and missed it, but when the stars aligned, I jumped on QID today..., just about to make a new high in a/h tonight...

Was a stellar day.

Edited by SemiBizz, 19 March 2008 - 03:58 PM.

As you can see from your weekly which also agrees with the 65 min, you want to see this thing go just a little higher now on light volume to set this up... Bring on the gap up!

I almost got greedy and missed it, but when the stars aligned, I jumped on QID today..., just about to make a new high in a/h tonight...

Was a stellar day.

a wonderful... yet predictable day... was 80-20 short going into it w/ some SPX calls to hedge a bit... that worked out nice... closed those around 1336 and set back to watch the rest of the show... i think we'll see an encore tomorrow... oh... and if you see DaChief.... tell him to keep doing that SNEEOORT thingy for a little while longer... just till step 3 and 4 play out...

As you can see from your weekly which also agrees with the 65 min, you want to see this thing go just a little higher now on light volume to set this up... Bring on the gap up!

I almost got greedy and missed it, but when the stars aligned, I jumped on QID today..., just about to make a new high in a/h tonight...

Was a stellar day.

a wonderful... yet predictable day... was 80-20 short going into it w/ some SPX calls to hedge a bit... that worked out nice... closed those around 1336 and set back to watch the rest of the show... i think we'll see an encore tomorrow... oh... and if you see DaChief.... tell him to keep doing that SNEEOORT thingy for a little while longer... just till step 3 and 4 play out...

nice trade Architect!

way to stay with your convictions...

i am done trying to buy based upon the extreme put call readings now....i think they (puts)will expire and because of the well orchistrated bottom (ostensible) that people will not put them back on because they expired probably for less than they were purchased and we can finally get our crescendo next week

Edited by iron cross, 19 March 2008 - 05:42 PM.

nice trade Architect!

way to stay with your convictions...

i am done trying to buy based upon the extreme put call readings now....i think they (puts)will expire and because of the well orchistrated bottom (ostensible) that people will not put them back on because they expired probably for less than they were purchased and we can finally get our crescendo next week

convictions change VERY quickly... i'm thinking though... if i was allocating... say 25% of my cap into april calls here... i'd be (and maybe i am )looking to go into that 25% at about 20% at a time... to start scaling into april calls... like maybe April 1300... ... (SXYDT)... maybe...