Start buying tomorrow...
Started by
TheArchitect
, Nov 05 2008 05:35 PM
7 replies to this topic
#1
TheArchitect
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Posted 05 November 2008 - 05:35 PM
should have probably covered half the qqq's position at the final sell off today into that catchers mitt reaction point on my 60 min chart... think we may see 31.25ish tomorrow though... but from there, the IT should continue on up... if that 31.25ish holds, i'll be looking to scale in long from there... if not, i see qqq's hitting 30 bucks on this correction... then i'll join you bulls
#2
eminimee
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I don't care who's fur is flying...
Posted 05 November 2008 - 05:49 PM
I'm long at 945....scalp.....stop...942
#3
thespookyone
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Posted 05 November 2008 - 05:52 PM
On that csco report, be glad you didn't cover Arch.
#4
TheArchitect
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Posted 05 November 2008 - 06:04 PM
On that csco report, be glad you didn't cover Arch.
Hey Leww, looks like they beat... did they guide down? didn't read it... i see they're down another 5% AH's though... also looks like qqq's are heading down to that 31.25ish level AH's... u think it'll gap down tomorrow? if it does i'll probably close out the whole thing on the open and wait for some support to start in long... -TA
#5
thespookyone
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Posted 05 November 2008 - 06:37 PM
TA-Yep, I think it gaps down. They beat by 3 cents, lowered guidance and future revenue. Don't forget jobs number in the morning-double gap down? LOL Congrats on a nice trade, as well-looked good when you entered.
#6
TheArchitect
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Posted 05 November 2008 - 06:55 PM
I'm long at 945....scalp.....stop...942
watcha thinking Tea? 953ish?
#7
TheArchitect
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Posted 05 November 2008 - 07:41 PM
TA-Yep, I think it gaps down. They beat by 3 cents, lowered guidance and future revenue. Don't forget jobs number in the morning-double gap down? LOL Congrats on a nice trade, as well-looked good when you entered.
The internals are signaling an IT buy here... gotta find the right support level
#8
TheArchitect
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Posted 06 November 2008 - 10:09 AM
31.25 taken out... down to 30.00... look for buys.
