5 replies to this topic

[hiker]

shorted cubes on move above 45.20. 45.12 is H. resist....a close above would not be good for bears, and I will exit short if it looks like that may happen. 45.60 potential upside target remains in play, as does 492 SOX H. resist.... sold LVLT long...back in on closing basis move above 6.40 or so...may buy dips below 6 if any. btw, DNA has moved above 86.12 H. resist. PLD above H resist 61.00 next is 64.50

Edited by hiker, 11 January 2007 - 11:51 AM.

[hiker]

have not yet taken off the QQQQ short....whether to stay a while is the question? Likely not worth the risk for questionable reward...we'll see.

Have been adding the short position on pops, but remain light with size.

horizontal support below -

QQQQ 44.11, 42.88, 41.59

watching the 2 and 5 day sma's...likely as far down as may be tested in the near-term

Edited by hiker, 16 January 2007 - 10:31 AM.

[hiker]

closed half of QQQQ short in tonight's AH session below today's regular session lows.

[PorkLoin]

Hiker, it's been awhile since I thought of shorting here, but sure looks like this thing may be running out of gas. Daily momentum is diverging pretty well with a couple months ago. Weekly hasn't really turned down all the much yet but I think it's worth keeping an eye on. Best, Doug

[hiker]

closed remaining half of qqqq short on today's test of AH lows from yest....looks like 45.05 is all we are going to get for now. am long RACK from 20.60-.80....a new core holding based on GOOG as customer. Yes, this is a bottom picking trade.

Edited by hiker, 17 January 2007 - 11:08 AM.

[hiker]

44.76 to .86 looks like a potential area to start scaling in QQQQ long if one believes this selloff is temporary. the 5 day sma has been broken on intraday basis. AAPL reports tonight.

Edited by hiker, 17 January 2007 - 03:15 PM.