Edited by A-ha, 25 September 2007 - 11:42 AM.
out of longs
Started by
A-ha
, Sep 25 2007 11:41 AM
7 replies to this topic
#1
A-ha
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Posted 25 September 2007 - 11:41 AM
i think we gonna get some selling... strength in ndx reminds me july situation while price structure on different time frames look bullish... i am confused and out of the longs....
its little early but that spx p/c doesnt look normal does it
#2
isaac613
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Posted 25 September 2007 - 11:52 AM
This looks like a classic double top. Naz should head down very soon but it might not happen until next week because of the holiday on Thursday and Friday. I fully expect Naz to test the lows by Mid October.
#4
nicolasillo
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Posted 25 September 2007 - 12:01 PM
This looks like a classic double top. Naz should head down very soon but it might not happen until next week because of the holiday on Thursday and Friday. I fully expect Naz to test the lows by Mid October.
What holiday?
#5
IndexTrader
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Posted 25 September 2007 - 12:03 PM
This looks like a classic double top. Naz should head down very soon but it might not happen until next week because of the holiday on Thursday and Friday. I fully expect Naz to test the lows by Mid October.
What holiday?
IT
#6
isaac613
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Posted 25 September 2007 - 12:03 PM
Jewish holiday of Suckot. It is on Thursday and Friday. Volume will be very low. Next week, we will go down into Mid October and then I think their will be an end of year rally.
#7
Sentient Being
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Posted 25 September 2007 - 12:25 PM
I'm long QQQQ and also feel it "looks" like a double top. But what the heck, until my stops hit I stay long.You were long ?
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#8
Drano
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Posted 25 September 2007 - 12:55 PM
No, that's a non-event holiday in trading terms. Shouldn't affect things.Jewish holiday of Suckot. It is on Thursday and Friday. Volume will be very low. Next week, we will go down into Mid October and then I think their will be an end of year rally.
Edited by Drano, 25 September 2007 - 12:56 PM.
