NQ short from morning
Started by
NAV
, Jun 26 2007 09:33 AM
6 replies to this topic
#1
Posted 26 June 2007 - 09:33 AM
Took 12 points profits on 1/3rd position. The rest, i am in no hurry
Stop at 1948 on the rest.
#2
Posted 26 June 2007 - 09:55 AM
well hokie i am short.
#3
Posted 26 June 2007 - 10:06 AM
Took 15 point profits on another 1/3rd.
#4
Posted 26 June 2007 - 10:10 AM
On the 1 minute cubes there is (so far) a "good" breakout of a symetrical wedge; leg-n-leg-out would target about 4 bits lower from here. We see.
#5
Posted 26 June 2007 - 10:12 AM
Selecto,
I don't like the lack of strong follow thru here. Momentum is stalling. And we are still holding above yesterday's lows.
Edited by NAV, 26 June 2007 - 10:13 AM.
#6
Posted 26 June 2007 - 10:27 AM
Selecto,
I don't like the lack of strong follow thru here. Momentum is stalling. And we are still holding above yesterday's lows.
This lull in volatility is usually telling of a squeeze.
#7
Posted 26 June 2007 - 11:47 AM
Took 60 cts on QID today... here's what took me out of the trade.. .SOX divergence. Until I see harmony between SOX and Nasdaq again, I'm out here...
http://bigcharts.mar...&mocktick=1.gif
http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics