9 replies to this topic

[Mr Dev]

Covering the RUT stuff here and shifting half to cash and still have half to the NDX short side. With the NDX almost frozen something looks funny or broken there. Looking to re-enter 100% shorts by end of day if we can move higher.

Edited by Mr Dev, 07 June 2007 - 09:39 AM.

[NAV]

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.

[Mr Dev]

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. On a side note I just left the American terminal thru LAX and got a weird feeling ...the same feeling I had .... when I flew from NY on 9-11 on an American flight to LA. Let's hope I'm wrong ..... this time.

Edited by Mr Dev, 07 June 2007 - 09:52 AM.

[NAV]

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.

[skyymaster]

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.

[Mr Dev]

Again something for sure going on there with the NDX.,,.. I've seen similar action even on the day when the DOW had the big dropped some 200 or more points in a flash.

Edited by Mr Dev, 07 June 2007 - 09:59 AM.

[NAV]

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....

[Mr Dev]

NaV did you see my SUMMATION C R A S H post last night?

[NAV]

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 !

[Mr Dev]

Another way to work out a little extra money from the market today as the NDX closed -1.70% and the RUT -1.88% This worked just like it did the other day,..so I want to point it out to people who trade these two indexes. This am the RUT was down something like -.75% (x2) so I took that and moved it over to the NDX which was only down -.18%(x2).. at the time. I moved the funds and the 1.5% profit on them from the RUT over to the NDX which DID catch up to the RUT by the End of the Day. With the NDX being down -1.70%(x2) at the close, I made another 3.4% - .36% (-18%x2 for entry) or 3.04% on top of this mornings 1.5% for a total of a tad more than 4.54% for day on the money. That's it