Edited by Mr Dev, 07 June 2007 - 09:39 AM.
RUT & NDX THOUGHTS
#1
Posted 07 June 2007 - 09:36 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Posted 07 June 2007 - 09:46 AM
With the NDX almost frozen something looks funny or broken there.
LOL, i was thinking the same. Very weird indeed. Same position as you here. 50% short in NQs.
BTW, QQQQ if forming a DIAMOND pattern on the 5-min charts.
#3
Posted 07 June 2007 - 09:48 AM
Edited by Mr Dev, 07 June 2007 - 09:52 AM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 07 June 2007 - 09:51 AM
Yes NDX not participating with the rest of the markets makes me think there is a larger order being handled.
I expect that the NDX will catch up soon or after a little bounce. THe Rut trade was sure good to me.
Taking Half yesterday and moving to the NDX and the other half for another .71%x2 today.
Weee. Either way I think we have a good feel for the current action. BOUNCES today or tomorrow will be
re shorted aggressively.
Mr Dev,
Nice trading there.
Good luck to us.
#5
Posted 07 June 2007 - 09:54 AM
With the NDX almost frozen something looks funny or broken there.
LOL, i was thinking the same. Very weird indeed. Same position as you here. 50% short in NQs.
BTW, QQQQ if forming a DIAMOND pattern on the 5-min charts.
Diamond can be bullish or bearish depending on how the pattern is looked at. I assume that you mean bullish because you had made a comment earlier that you saw 5 minute turning up.
Remember this day, men, for it will be yours for all time.
#6
Posted 07 June 2007 - 09:58 AM
Edited by Mr Dev, 07 June 2007 - 09:59 AM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#7
Posted 07 June 2007 - 10:01 AM
With the NDX almost frozen something looks funny or broken there.
LOL, i was thinking the same. Very weird indeed. Same position as you here. 50% short in NQs.
BTW, QQQQ if forming a DIAMOND pattern on the 5-min charts.
Diamond can be bullish or bearish depending on how the pattern is looked at. I assume that you mean bullish because you had made a comment earlier that you saw 5 minute turning up.
I don't trade patterns. Just an observation. I am leaning bearish. I just can't be bullish with 76% decliners vs 20% advancers. We'll see....
#8
Posted 07 June 2007 - 10:03 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#9
Posted 07 June 2007 - 10:14 AM
NaV did you see my SUMMATION C R A S H post last night?
Mr Dev,
As a matter of fact, i did. I don't like when markets gap-down on oversold conditions and keep going down. So your argument certainly has merit and i sense something spooky !
#10
Posted 07 June 2007 - 04:07 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!