Looks like a nice distributive slope to me. Most vulnerable index right now.
I am daytrading this index today, while i hold the swing shorts in QQQQ puts.
IWM
Started by
NAV
, Jun 14 2007 01:03 PM
14 replies to this topic
#2
denleo
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Posted 14 June 2007 - 01:16 PM
I agree. How low do you expect QQQQ to go down if they start declining?
Denleo
#3
NAV
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Posted 14 June 2007 - 01:25 PM
Denleo,
Assuming we don't make any new highs above today's, i have 45.40-45.50 as a crude target.
#4
hiker
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Posted 14 June 2007 - 01:29 PM
SMH 37.70's is horizontal zone of interest.
#5
jawndissedi
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Posted 14 June 2007 - 01:30 PM
I am daytrading this index today,
How do you manage to stay awake?
Da nile is more than a river in Egypt.
#6
Tor
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Posted 14 June 2007 - 01:55 PM
Looks like a nice distributive slope to me. Most vulnerable index right now.
I am daytrading this index today, while i hold the swing shorts in QQQQ puts.
NAV v narrow range today.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#7
NAV
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Posted 14 June 2007 - 01:56 PM
Looks like a nice distributive slope to me. Most vulnerable index right now.
I am daytrading this index today, while i hold the swing shorts in QQQQ puts.
NAV v narrow range today.
Looks like IWM will tag 82.70, nearly erasing all the gains for the day.
#8
Mr Dev
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Posted 14 June 2007 - 01:59 PM
Looks like a nice distributive slope to me. Most vulnerable index right now.
I am daytrading this index today, while i hold the swing shorts in QQQQ puts.
What entry you get on puts?
.. .. ..
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
NAV
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Posted 14 June 2007 - 02:12 PM
Looks like a nice distributive slope to me. Most vulnerable index right now.
I am daytrading this index today, while i hold the swing shorts in QQQQ puts.
What entry you get on puts?
QQQQ July puts opened around 47 and 47.4
IWM July puts opened around 83.25
#10
Mr Dev
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Posted 14 June 2007 - 02:29 PM
NAv
THX
I also see the weakness for the RUT but..........just like we talked about here earlier this week ..or last
we have another gap up there unfilled and now they've managed to push the SOX up on down days for the
overall markets....this has reflected itself in strength for the NDX and it is closer than the DOW S&P or RUT to
making new highs.
I mean I could put in an order to push there...and when that happens the RUT is certainly not going to want to fall but ...shoot up and fill its Gap.
PS. NDX has filled that same top GAP TODAY ! So No Mas amigo!
Thoughts?
Edited by Mr Dev, 14 June 2007 - 02:37 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!
