Edited by ogm, 29 October 2013 - 09:00 AM.
For the first time in a loong time I'm short Nasdaq.
Started by
ogm
, Oct 29 2013 08:57 AM
34 replies to this topic
#1
ogm
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Posted 29 October 2013 - 08:57 AM
Buying QQQ puts right here. for a trade.
Nasdaq looks weakest and extremely bloated.
I expect pull back to start after the Fed tomorrow.
Also short a little bit of LNKD for earnings tonite.
TSLA looks broken too.
#2
OEXCHAOS
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Mark S. Young
Posted 29 October 2013 - 09:11 AM
FWIW, I hear Hulbert's Naz advisors are like 94% long. I don't know that I've seen them that Bulled up.
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#3
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Mark S. Young
Posted 29 October 2013 - 09:21 AM
Actually, I have. On 9/24 last. We got some correction then.
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#5
SemiBizz
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Posted 29 October 2013 - 09:31 AM
Go ahead, you first.... 
I'm gonna wait for a juicier fibonacci extension.
We're not there yet.
Close, but not close enough.
I'm gonna wait for a juicier fibonacci extension.
We're not there yet.
Close, but not close enough.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
ogm
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Posted 29 October 2013 - 09:42 AM
Actually, I have. On 9/24 last. We got some correction then.
I see a lot of high flyers not participating in this last leg of the move up.
And sentiment is definitely through the roof.
I'm very confident that we'll get a decline here. I haven't been short Nasdaq in ages, but it looks more then ripe.
Edited by ogm, 29 October 2013 - 09:42 AM.
#7
uburack
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Posted 29 October 2013 - 09:49 AM
Actually, I have. On 9/24 last. We got some correction then.
I see a lot of high flyers not participating in this last leg of the move up.
And sentiment is definitely through the roof.
I'm very confident that we'll get a decline here. I haven't been short Nasdaq in ages, but it looks more then ripe.
For the second time in a week QQQ has dropped below the upper trend resistance. Surely it could crawl along the top for weeks, (unless it doesn't).
I show the tipping point around 83.10 today
edit: today's open would make the third strike
Edited by uburack, 29 October 2013 - 09:57 AM.
John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.
#8
dasein
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Posted 29 October 2013 - 09:51 AM
UBS & DB earnings a tell ? ISEE index only calls out of sight yesterday and has gone opposite today.
best,
klh
klh
#9
SemiBizz
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Posted 29 October 2013 - 10:13 AM
So, pretty simple to me, we had a low of 3927.50, tested on lighter volume, today we tried to get under the high volume 3937 hourly low, tested it a couple times now.
If they can break that then there's 3932, then the 3927 again.
I don't see the juice here to the downside yet for the NAS, I see AAPL puking it's highs is all so far....
That is coming on strong volume too... dangerous setup, those slick operators can run it right down to 508
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
SemiBizz
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Posted 29 October 2013 - 10:18 AM
Meanwhile, as the operators continue to punch AAPL up and down the field here from 512 last night to 539 today...
The SOX Index just hit 506, last high 508 and change up 6 here...
DJT new all time high
XOI new 2013 high.
So really all we got is a few high flyers puking...
Show me 3927 maybe I can get excited.
3944 here, 3947 next resistance.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
