http://nav-ta.blogsp...ed-selloff.html
That crescent shaped selloff...
Started by
NAV
, Jun 27 2007 08:06 AM
4 replies to this topic
#2
relax
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Posted 27 June 2007 - 08:29 AM
Which level are you looking at for S&P 500?
Seems like we could get a ST bottom today
but I don't like the fact that the trendline from the march 2004 top through the march 2007 bottom has been broken
Seems like we could get a ST bottom today
but I don't like the fact that the trendline from the march 2004 top through the march 2007 bottom has been broken
#3
NAV
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Posted 27 June 2007 - 08:47 AM
Which level are you looking at for S&P 500?
ES 1490-92 = SPX 1478-80.
#4
NAV
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Posted 27 June 2007 - 09:09 AM
Bought July 47 QQQQ calls at .87. Will buy NQ shortly.
#5
Cirrus
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Posted 27 June 2007 - 09:46 AM
I covered all my homebuilding shorts. I'll look to short again perhaps after the Fed. Covered some other shorts, too. Except for a few very LT core holdings I'm flat and looking to day trade from either direction. I think a nice rally today will cause FIG to blast upward. A selloff could finally bring the QQQQ into line. It's an interesting day in its context.
