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NQ short from morning


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#1 NAV

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Posted 26 June 2007 - 09:33 AM

Took 12 points profits on 1/3rd position. The rest, i am in no hurry :D Stop at 1948 on the rest.

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#2 swanstkdh

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Posted 26 June 2007 - 09:55 AM

well hokie i am short.

#3 NAV

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Posted 26 June 2007 - 10:06 AM

Took 15 point profits on another 1/3rd.

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#4 selecto

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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 NAV

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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.

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#6 jjc

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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 SemiBizz

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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...



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