Edited by thespookyone, 19 July 2011 - 01:25 PM.
Pretty good squeeze ahead?
Started by
arbman
, Jul 19 2011 02:08 AM
29 replies to this topic
#21
thespookyone
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Posted 19 July 2011 - 01:23 PM
I'm Short QQQ at 58.79, as I said.
#22
vitaminm
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Posted 19 July 2011 - 01:57 PM
qqq........R@59....................sqqq/qid.........in a sell mode
vitaminm
#23
arbman
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Posted 19 July 2011 - 02:15 PM
I think we will get a pretty sizable pull back next. The speculation soared, the cumulative tick is also o/b now.
#24
dcengr
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Posted 19 July 2011 - 02:23 PM
I think we will get a pretty sizable pull back next. The speculation soared, the cumulative tick is also o/b now.
Most americans at work don't even know about the news. Wait til it's printed in the papers and they come out of the woodworks.
Qui custodiet ipsos custodes?
#25
orange
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Posted 19 July 2011 - 02:24 PM
I'm Short QQQ at 58.79, as I said.
Are you going to hold these through AAPL earnings?
The normal scenario is to blow off and sell the next morning.
"When your position is underwater, average down" - Professional Trader
#26
arbman
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Posted 19 July 2011 - 02:46 PM
Looks like it will try to blast one more time into the close... There seems to be quite a bit support...
#27
arbman
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Posted 19 July 2011 - 03:12 PM
Heh it was good for a point, only if you bought in 1222 + change though... 
#28
MarketAlly
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Posted 19 July 2011 - 04:49 PM
Heh it was good for a point, only if you bought in 1222 + change though...
Long until S&P 1335 - too dangerous to step in front of this thing until then and would not be surprised of a Job Claims pop for a final squeeze and a slow drift on Friday cause of no news.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#29
arbman
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Posted 19 July 2011 - 05:01 PM
I have no desire to step in front of the bus, but I went to cash. I still think any pull back or dump will be bought back up by the end of month. There is just too much easy money news lining up, but there could be a downside surprise in between tomorrow and early next week...
Of course, if the market prices in a bit better the upside it may sell the news, but even that should be bought back up. I just do not see how the market will close the month significantly lower, even if the upside may be limited.
By 2012 earnings, the upside is limited to 1380-1400 unless we are about to form another bubble with easy money.
#30
thespookyone
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Posted 19 July 2011 - 06:04 PM
I'm Short QQQ at 58.79, as I said.
Are you going to hold these through AAPL earnings?
The normal scenario is to blow off and sell the next morning.
Yes, I did hold. Could have actually taken a profit AH, but chose not to. I like the scenario you posted from 2010-give or take. If the QQQ were to make a new high here on current bredth-I think something much more sinister would be in the works South.
