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Sylvester.. Does QLGC gap this morning, if unfilled, qualifies as an island gap?
Bamboo.. Speaking from someone who encountered your same experience with Datek. I gathered you must have held some positions overnight, and thought you had 4x cash amount to trade with the next day, which you didn't.(daytrading margins are calculated for the next day based on the amount of cash you have at EOD). When you closed out your overnight positions, your daytrading cash remains as it were from the previous closing not as you close out positions.
Don't know if daytrading margins are calculated the same way with other brokers, but it is Datek's.
I believe as many times as you like intraday.. If you close out all positions EOD, your daytrading margin will be back to 200k the next trading day. However, if you hold lets say 100k worth of position over night, your daytrading margin for the next day will be 100k. That means you can only trade 100k worth of stocks that day.... Here is the catch, if you close out your overnight 100k position from the previous day, your daytrading margin will REMAIN at 100k, not 200k.. With Datek, all daytrading margins for the next day are calculated based on the amount of cash you have at 4:00 PM, not AH.. Unless you close out all postions AH.. AM I making any sense?
BTW, don't know if all daytrading margins are calculated in the same manner with other brokers, but Datek calculated the daytrading margins this way.
Tell them you'll change broker and see what they say. My guess is, they'll let you slide.
mlsft,
It does appear to have a bull flag, with target at 60/65 level. But regardless whether its a bearish descending or bullflag, I expect for it to pull back to the 35/36 level before taking off again.
BTW, take a look at its 60min. chart, I see a H&S that measures to 35/36. Conveniently filling gap.
Zeev... Could this scenario be unfolding?
http://www.ttrader.com/mycharts/display.php?p=6683&u=heehee1&a=heehee1&id=268
We either fail at the NL or reach 1700 by years end?
Take a look at QLGC weekly stick...
http://www.ttrader.com/mycharts/display.php?p=6781&u=heehee1&a=heehee1&id=268
Could be hedging.. FWIW, Nov. QQQ max pain is 24. Which is equivalent to -60 pts on the COMP.
QCOM max pain is at 32.50.. according to iqAuto.
On going short squeeze?
msloft. You could say the same for the US. Our current economic outlook is beginning to look as grim as Europe and Japan.
Also, something else to ponder upon. Since Japans market crash in the 90s, it had the largest consumptor in the world to keep it on tepid for 1O years. That leaves us to question, who the heck will hold US up if we fail to be the World's booming ecomony? That means the strong dollar policy will be more harmful to the US than not IMO.
But as I speak, the PPT hands hold up the mighty dollar once again. Gold dropping since the open. (JPM) its nice to have friends in high places.
Watch JPM when Gold runs. Because it may be the event that capitulates the market. Especially if the rumor of 70bil earnings fraud at JPM is true.
Msft is just moving towards max pain of 50.
In other words, we can expect a sell off after lunch.
<drain of $38>
When?
Max pain for QQQ is 23
Augie... LOL
I was trying to repost chart but again no go.. I did everything according to your directions but for some reasons, chart won't post. Ditzy me.
1/3 cup
LOL!! Thats a snack for my little Fifi (7 1/2 mos)and Max(9 1/2 mos).
They both get approx. 3 cups 2x a day. And yes, its a big load afterwards, if you know what I mean. :)
I love your Augie..
I guess that means expect a 2:30 dump instead of the normal ramp?
http://www.cboe.com/MktData/default.asp
Look at the equity column and do the math.
Anteup.. I've been eyeing that broadening top too. Lots of mixed formation. C&H which is bullish, broadening top which is bearish. But since the break on the C&H wasn't confirmed with volume, the expanding triangle could be in play. A break of 955 (lower TL of expanding triange) would be very bearish. But thats 50 pts from where we are now.
I believe target of the triangle is about 890/900, which would take the COMP down to Zeev's 1222.22/1200 level.
break to new highs?
OT.. Augie.. Thanks.
110 and 160 pds. And they're still puuppies..
OT Augieboo... mastiffs
Hey it worked.
Augieboo... I must be an absolute ditz.. Tried to post chart but it didn't show up.. Perhaps I need to be a paying member to stockchart again?
<removal of Pitt>
Actually.. Shouldn't it be the reverse? Catching the thieves may be a quicker process than it has been with Pitt at the helm.
Augie... Do you post stockcharts annotated chart in the same manner?
Everybody trying to squeeze another golden egg, knowing the goose will soon die.
Criminals.. Absolute criminals.. From the Pitt down..
YUP... We don't care o' no bad news. Its a new era
If this doesn't indicate a serious tampering with the market, I don't know what does. SICK!
Calm before the storm perhaps?
Zeev... What would alter your view of retracement to 1222 before 1427?
I must say, the bulls ability to hold this market up is quite impressive.
Then its a HOUND signal. saying more up.
It takes them 3 days to settle so EOM dressings should have been done yesterday. Why do think rally into election is not right?
I guess we forward to 1428 without pause to the 1222.22 level. Someone wants this up through election.
Zeev.. Based on the last hour recovery, 1222 is still in your horizon?
Zeev... Why would you don the grizzly suit if the Feds cut ? Wouldn't that give a temporary boost to the rally? Granted it would likely do nothing to the economy since the last 12 hadn't been successful, but wouldn't it delay the inevitable, thereby injecting hope once more to the masses?
The consumed?