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huge short squeeze coming?


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#1 A-ha

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Posted 12 May 2008 - 07:06 AM

As Gary Smith says, extreme bearishness is what fuels this market. I am still in the bear camp and it doesnt feel good here as the following chart projects QQQQ=52 for the week...

tightening my stops.... if we close up for the day, you know i am definately gone....

made nice profits shorting AMZN YHOO CSCO and dont want to give them back.


Posted Image

Edited by A-ha, 12 May 2008 - 07:09 AM.


#2 StillLearnin

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Posted 12 May 2008 - 07:11 AM

http://stockcharts.com/c-sc/sc?s=$NDX&p=W&yr=5&mn=4&dy=2&i=p36866412547&a=133325119&r=7005.png

#3 A-ha

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Posted 12 May 2008 - 07:21 AM

http://stockcharts.com/c-sc/sc?s=$NDX&p=W&yr=5&mn=4&dy=2&i=p36866412547&a=133325119&r=7005.png


so you think i should take a deep breath and enjoy the plunge? We going down?

#4 StillLearnin

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Posted 12 May 2008 - 07:36 AM

so you think i should take a deep breath and enjoy the plunge? We going down?


yes

#5 A-ha

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Posted 12 May 2008 - 07:37 AM

so you think i should take a deep breath and enjoy the plunge? We going down?


yes



thank you

#6 IndexTrader

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Posted 12 May 2008 - 07:56 AM

What does it mean when you say "Huge short squeeze coming"....and then put a '?' after it??? Does that mean it's coming? Or does that mean you don't know if it's coming, but you're afraid it might be? IT

#7 A-ha

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Posted 12 May 2008 - 08:00 AM

What does it mean when you say "Huge short squeeze coming"....and then put a '?' after it??? Does that mean it's coming? Or does that mean you don't know if it's coming, but you're afraid it might be?

IT



I dont know if it is coming, I am afraid it might be. StillLearnin calmed me down. I guess it is not coming now.

#8 StillLearnin

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Posted 12 May 2008 - 08:05 AM

I dont know if it is coming, I am afraid it might be. StillLearnin calmed me down. I guess it is not coming now.



Glad I can help :lol:

#9 relax

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Posted 12 May 2008 - 08:13 AM

A-ha you seem like such a modest and grounded guy - glad you are here, it creates a great atmosphere on the board

#10 A-ha

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Posted 12 May 2008 - 08:18 AM

A-ha you seem like such a modest and grounded guy - glad you are here, it creates a great atmosphere on the board



Thanks for the nice words relax. I am glad I am here too, I love Traders-Talk