6 replies to this topic

[NAV]

Buying QQQQ puts here around 46.90. Mental stop 47.14. If the market has real strength, it should bust thru my stops with ease.

Edited by NAV, 12 June 2007 - 12:54 PM.

[Shazzam]

watch bonds, they are way extended, a snapback will get mkt really rocking up

[NAV]

watch bonds, they are way extended, a snapback will get mkt really rocking up

That's why i use stops

[ogm]

It is absolutely amazing how this market turns green with 2 to 1 negative AD and MCO at -184 and summations making lower lows on daily charts

[qqqqtrdr]

I currently don't have any doubt that this Market is headed for new highs. The covering bears and high 10-day CPC Put/Call Ratio and AAII Sentiment shows their is a significant amount of cash or shorts on the sidelines. With that said as the 10-day MA of CPC Put/Call Ratio increases and 10-day OEX Put/Call Ratio decreases it only puts more juice in taking this market higher. With the decrease in the price of gas, and the positive yield curve the underlying economy is now improving, at least in the short term. Barry

[NAV]

It is absolutely amazing how this market turns green with 2 to 1 negative AD and MCO at -184 and summations making lower lows on daily charts

2:1 negative breadth ? Where do you get your numbers from ?. It was 4:1 negative, since morning.

Anyway seen this circus before.

It's called

SMALL CHANGE ON MCOs

It's also called

LEAVE NO STOPS UNTOUCHED

[NAV]

watch bonds, they are way extended, a snapback will get mkt really rocking up

Now that over-extended bonds are extending further