Probe...

Bought some QID around NDX 1342. I beleive we have seen the swing highs for this move on 10/31. If 10/31 highs are taken out, then i will be stopped out and will re-probe at higher levels at NDX 1410-20 area. (SPX 1020-30 area).

good to see you posting, NAV!

Welcome back. IT

Bought some QID around NDX 1342. I beleive we have seen the swing highs for this move on 10/31. If 10/31 highs are taken out, then i will be stopped out and will re-probe at higher levels at NDX 1410-20 area. (SPX 1020-30 area).

What the hell are you thinking, selling short right before a T-Bill auction with so much debt to be raised?

Bought some QID around NDX 1342. I beleive we have seen the swing highs for this move on 10/31. If 10/31 highs are taken out, then i will be stopped out and will re-probe at higher levels at NDX 1410-20 area. (SPX 1020-30 area).

wb NAV

Bought some QID around NDX 1342. I beleive we have seen the swing highs for this move on 10/31. If 10/31 highs are taken out, then i will be stopped out and will re-probe at higher levels at NDX 1410-20 area. (SPX 1020-30 area).

What the hell are you thinking, selling short right before a T-Bill auction with so much debt to be raised?

You must be kidding. Have you done any study on the relationship between a t-bill auction and the swing moves in the stock market ? If so, i would love to see any corelation between them.

BTW, to me the wildcard here in the ST is the election results ( although, i am leaning towards a market selloff, no matter what the outcome).

Nice having you back Nav. Pretty interesting here, both Naz and Teaparty are short. I still think we go much higher but we could consolidate for a few days after the election first.

i never read these things right but i thought that was tongue-in-cheek about not being short before a big t-biller.

always good to see you back NAV...the board is much better with you around and your disciplined trading style! and the VIX isn't below 40? its still too high, just taking a while for people to realise what a gem it was to sell huge volatility..

Bought some QID around NDX 1342. I beleive we have seen the swing highs for this move on 10/31. If 10/31 highs are taken out, then i will be stopped out and will re-probe at higher levels at NDX 1410-20 area. (SPX 1020-30 area).

What the hell are you thinking, selling short right before a T-Bill auction with so much debt to be raised?

You must be kidding. Have you done any study on the relationship between a t-bill auction and the swing moves in the stock market ? If so, i would love to see any corelation between them.

BTW, to me the wildcard here in the ST is the election results ( although, i am leaning towards a market selloff, no matter what the outcome).

I am being sarcastic. It is not a typical auction. How do you expect Uncle Sam to sell all those overpriced T-Bills if people like you are gaming the gamers, the very least you can do is buy some overpriced T-Bills on monday.


Auction was a trigger; Setup to short has been there since Friday.

Edited by jjc, 03 November 2008 - 02:20 PM.