Monday
#1
Posted 07 September 2007 - 03:02 PM
#2
Posted 07 September 2007 - 03:14 PM
#3
Posted 07 September 2007 - 03:15 PM
#4
Posted 07 September 2007 - 03:42 PM
I see a retracement from the H&S breakout (this is normal) and a trendline support from the climatic reversal day. Lets see if it holds. I appreciate any comments!
#5
Posted 07 September 2007 - 03:51 PM
This is crazy !. They are killing us daytraders. 75% of the market actions happens on gap-up/down and 30-minutes after the opening. The rest of the day, you sit and watch the monitor. LOL.
I feel the same way.
#6
Posted 07 September 2007 - 04:20 PM
#7
Posted 07 September 2007 - 04:21 PM
I have a gap-up signature for Monday. This is crazy !. They are killing us daytraders. 75% of the market actions happens on gap-up/down and 30-minutes after the opening. The rest of the day, you sit and watch the monitor. LOL. I wan't my trending market back....
We may have seen the ST bottom right here at the close, based on my hourly indicators. TWT
NAV, by any chance is your gap-up signature influenced by what seems to have been a rather obvious short covering rally (in the futures) in the last minutes of trading or do you disregard the futures? Just trying to understand what you're looking at and make sure that "signature" isn't a forgery.
TIA,
Bullshort
#8
Posted 07 September 2007 - 04:23 PM
We trade futures, we can be there overnight if we want. At about 1am, I put a er2 short on with a somewhat tight stop and even though I cam dangerously close to being hit, the thing paid off nicely.
I plan to do the same on the long side on Sunday night....
although i must admit, they hit those stops often and sometimes it drives me crazy. I am sure you been there/done that, but pointing out that we have the maximum flexibility. A year ago, I would dread gaps and now they are just part of the flow - dont even show up on the charts
Im new to Tech analysis but heres my take on QQQQ
thats correct, the inverse H&S is still in play - I am still not thrilled about leadership and I think we shaved off a bit more than we should have, but its salvageable. I feel Monday will be an up day, but I am not certain about the prospect of this rally.
Your charts are too big btw, throwing off the scrolling here.
#9
Posted 07 September 2007 - 04:39 PM
klh
#10
Posted 07 September 2007 - 04:45 PM
...but if we try, sometimes we get what we need.we dont always get what we want...