Edited by Chilidawgz, 11 September 2007 - 02:46 PM.
Flat, waiting to re short with QID
Started by
Chilidawgz
, Sep 11 2007 02:44 PM
7 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 11 September 2007 - 02:44 PM
Watching volume on this "rally" which is looking weak. I will assess NDX when it hits 2000-2020 (if it does, lol) area for entry:
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
ogm
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Posted 11 September 2007 - 03:23 PM
Actually volume isn't that horrible. If you look at up volume only, this is higher then average upside volume during this whole rally off the lows, not considering the Aug 9.
But the best part about today is high put/call. This thing is constantly being shorted as it keeps going up. Gotta love all this mistrust.
Edited by ogm, 11 September 2007 - 03:26 PM.
#3
SemiBizz
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Volume Dynamics Specialist
Posted 11 September 2007 - 03:42 PM
Volume is lousy... Period.
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
#4
pdx5
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I want return OF my money more than return ON my money
Posted 11 September 2007 - 04:35 PM
My patience ran out today! My intent was to wait for the sept 18th
rally expectations. But as of closing prices today, I liquidated all
my mutual funds in my tax deferred account. Now 100% flat and
happy.
The way I am looking at it, the risk in potential advance is outweighed
by the credit bubble deflation still continuing full force. So the 4.5%
in MMF sounds easier on nerves.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 11 September 2007 - 04:44 PM
My thought currently is the channel contains the price and we head lower, look at the weekly volume on the last push up...very poor:
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#6
johngeorge
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Posted 11 September 2007 - 08:20 PM
Geeeez Chili
What bad timing on your part to post such a chart. 
I went long today the Q's after the close @ $48.94 
I went long today the Q's after the close @ $48.94
Peace
johngeorge
johngeorge
#7
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 11 September 2007 - 08:28 PM
JG, the low was a few days ago, looks like a day or three to the upside and then down it goes again...nervous mkt right now, here's Roger's methodology:
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#8
johngeorge
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Posted 11 September 2007 - 11:32 PM
JG, the low was a few days ago, looks like a day or three to the upside and then down it goes again...nervous mkt right now
Chili
Perhaps I can get out by this coming Friday with either a small gain or small loss. Next week is options expiration week and, as I understand it, that week is usually a down week.
Thanks for posting those beautiful charts.
My best to you
Peace
johngeorge
johngeorge
