Looking for Qs 48.40 ish...
Going long Qs, very tight stops
Started by
dcengr
, Sep 07 2007 10:21 AM
6 replies to this topic
#1
dcengr
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Posted 07 September 2007 - 10:21 AM
Qui custodiet ipsos custodes?
#2
hiker
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Posted 07 September 2007 - 10:32 AM
48.24 once R may be R again now that price is below...I have been looking for a QQQQ entry and took it today long using 47.65 as my downside risk measure for minimum
Edited by hiker, 07 September 2007 - 10:35 AM.
#3
dcengr
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Posted 07 September 2007 - 10:49 AM
I'm not so sure the downside is done yet.. but I think we need to come close to testing that gap down before the next leg down comes along.
It may be done even intra day, and if so, I may flip short again with tight stops. But for now, looks like its starting to float up a bit.
Good trading to you Hiker.
Qui custodiet ipsos custodes?
#4
dcengr
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Posted 07 September 2007 - 12:12 PM
Target hit, staying long. Moving stop to break even and now looking for gap test, Qs 48.60, and perhaps gap fill by monday?
Qui custodiet ipsos custodes?
#5
hiker
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Posted 07 September 2007 - 01:00 PM
posted below that I closed SPY, QQQQ and AAPL long...flipped short and remain short. if QQQQ move below 47.99 will likely see a swoosh.
#6
try2win
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Posted 07 September 2007 - 04:34 PM
Target hit, staying long. Moving stop to break even and now looking for gap test, Qs 48.60, and perhaps gap fill by monday?
i got some qqqq calls at the close playing an open gap up ....
#7
dcengr
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Posted 07 September 2007 - 04:40 PM
posted below that I closed SPY, QQQQ and AAPL long...flipped short and remain short. if QQQQ move below 47.99 will likely see a swoosh.
I have bearish leaning IT for a few more months, but trying to be cute here on a swing basis, and I'm horribly paranoid about 9/11 becoming a scorch day.
I'm going to wait for a setup that at least gives me a slight edge, sentiment or momentum/oscillator wise.
Been scanning boards.. theres a lot of bears out there, especially after today. That last minute scorch have a few fuming, so I suspect some capitulation monday.
Qui custodiet ipsos custodes?
