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last night, the NIKKEI,HANG SENG and the SPI 200 opened down, went green, then finished down.
Let's see if our markets do the samething today. :~)
Yep! UDN for short, and UUP for the long side.
FWIW, I have the Russell 3000 index starting a 5th wave down that should end @ 300.
This was drawn on the weekly chart. The 3rd wave down should have ended at 486. The low was around 482. I believe the R3K is currently in a wave 4, before a 5 down.
The R3K is working near perfectly with EW and Fibs.
lol! Yeah, that's the only sure thing.
Also, just noticed, there's an open gap on the NASDAQ weekly chart at 1603 (4?).
I'm sure that'll get filled sometime this week.
The big question is: When?
I think of this as being "no man's land". It could go either way.
Though, I do have my eye on the TNA 5 min chart. It's really oversold. If the markets open down, I think it could make a great "micro-term" trade.
If I buy, I'll be looking to sell within minutes. I may just try this to see how it goes.
It's possible to get 10 or more points in just a matter of minutes. Need to keep an eye on the rsi. :~)
Yes, thanks. I'd like to see the 3x etf's for the SP 500, NAS, and DJIA.
I never really paid attention the the Russell, although I'm going to start. :~)
Hey Cort: Triple your fun!
http://direxionshares.com/etfs
GOOG held up great today. Only down 0.66%. I think that's great considering the market action today. :~)
Are you trading it?
After this week's market activity, I'm 99.99% sure we go down to 1407. I just hope we stop there and rise for a month or two.
But, to be honest, when I look forward, I see absolutely NO reason why I, or anyone else for that matter, should be bullish.
Those two open gaps on the QID from the past few sessions, got closed today.
Almost closed right on the first gap @ 71.58
The QID closed @ 71.31
Everyone's calling this the bottom (again!). I'm still looking for NASDAQ 1407.
1407 OR BUST!
lol!
Cort: Did you notice that EEV gave up all it's gains ffrom the last three days... and then some... unbelievable... what a market!
Well.... it wasn't a hundred points... but close! lol!
Nothing yet. Eyeing DTO.
I see an open gap on the 5 min NASDAQ chart (% days)@ 1616. Think 'the boys' will try and close it between now and mid-Monday morning?
That scenario I'm sure would set up some nice trades.
We can only sit.... and wait... :~(
they even almost got over on me today, too. I'd like to see a rally here until Monday morning.
hey ray! how do you like these games today? lol!
Let's see if this rally can take us to 1593, assuming we stay green today.
You know, I'd really like to get into DTO, even right here, regardless of the indicators, because I know crudes going to 50 soon, and then onto 40, at least.
But, I'm so afraid that I'll enter DTO just to wake up one morning and see Isreal's taken out Iran. That'll cause a huge spike up, imo.
So far, EEV is taking a small beating this morning: off about 5%.
Would love to see it fall for a day or 3. :~) G_20 summit this weekend. Maybe the markets 'POP' next week....?
Anyhow, NASDAQ 1407's on its way.
WOULD WHOEVER PULLED THE DRAIN PLUG THIS MORNING PLEASE PUT IT BACK? THANK YOU! lol!
O.K., I've got ScotTrade Elite working (so far!) and EEV is still not overbought. HOWEVER, the figures are not accurate until after 9 p.m., so I'll re-check them then.
I still can't get data on QID, but QLD is showing an oversold condition, so, I assume QID will be overbought.
Now, those "over" conditions can last up to 4 days, in my expirence, so will see what happens tomorrow.
I'd love to see a BIG up day, but I really have my doubts.
I guess we'll know in 16 hours or so. :~)
I have no idea, but they are stealing the babyboomers wealth... it really is a tragety.
I see a 'Great Depression' ahead, worldwide. My big fear is apathy: Sideways markets for many years. A range that's not really tradable.
Again, in a normal market, I'd look for a bottom in 2012 and a tradable rally for a year or two, then more lows.
But this is no normal economy. I guess that's why I just play this market day-to-day.
Well, a big reason I sold today, was dues to the fact that I couldn't see my data due to ScotTrader Elite not working and the big opening gaps the last two days.
Then, I figure those gaps got to fill and today being www, then tomorrow could very well be big up day.
If so, I'll re-load at lower levels. If not, then I sold too early and I'll have to devise another plan.
SOLD! Now I'm back to 100% cash...
O.K., ray.... if tomorrow isn't a HUGE "green" day, than this is the first time games haven't been played around the Wed. before expiry week. I've been aware of this since da cheif mentioned it a year or to ago on one of his fourms.
Tomorrow will be REAL interesting.....
Man, we're just about 100 points away from 1407 on the NASDAQ. Let's get done with it, already!
If we don't have a nice multi-week (month?) rally from that level, then the market's are worse off than I think. And that's BAD, because I'm REALLY negative on the markets. I think the people and Wallstreet have lost total confindence in the government.
If NASDAQ 1407 gets taken out hard, it's heading to the 900 area now, rather than in late 2012, imo.
It's way over sold on the daily. When the NASDAQ goes positive, GOOG will have a nice pop!, imo.
Once I can see my data again, I'll check the weekly and monthly charts.
Nice call on the GOOG 286 number. :~)
I just entered a sell on EEV @ 106.21... lets see it it fills, also...
WOW! Just filled.
I just put a sell order in for QID @ 81.21 I'm sure it will fill before the close... if it hasn't already...lol! :~)
Found a back up trading system, no nowhere near a good as my usual one. I really feel like I'm trading in the dark.
I may sell everything today because of the two large opening gaps, yesterday and today.
Since I don't have my usual data, I can't really tell, but, I would think if the NASDAQ closes at these levels or lower today, that should give me a "sell" signal on the daily chart for the QID. (Sorry for the run-on sentence...lol!)
However, I wouldn't be surprised to still see more up-side on the EEV chart after today. But I can't tell yet. Maybe ScotTrade gets things fixed later today.
EEV, as well as a lot of charts, has big opening gaps to fill the last few days. Maybe a rally tomorrow...to fill the gaps from the last two days...?
I know. Too many stocks, not enough money... can't by'em all.... lol!
Tell me 'bout it! I sold 2/3 of my QID yesterday because I thought In had a good sell signal. Last night after 9 pm., I looked at my data and saw I didn't have an over-sold signal. At that point, I wished I had waited til today.
So far, I can't sell today becuase the F&%*ing ScotTrade Elite software isn't working today on either of my computers.
Either God's doing me a favor, or somebody doesn't like me. :~)
IMO,fwiw, GOOG is ready to "pop" any day now, and likely today if the NASDAQ goes "green". But, the bottom isn't in.
Still quite a bit to go on the downside on the weekly and monthly charts.
The daily, though, is telling me it's a "buy".
Kept my EEV. Sold one position of QID @ 74.60, bought avg price of 67.38
Still hold a position with an avg price of 67.23, fwiw.
I may sell the QID befor ethe close and keep the EEV. I'll let you know. :~)
I hope we tank in the last half hour. I'd love to see 1407 this week on the NASDAQ.
Let's just get it over with and move on! lol!
I think that rally has started already. Look at the recovery the indexes have made today off their lows.
We'll know my the close.
It possible. I don't know if it will or not. I just know that on the Wed. before the week of options expiry, games are ususally played.
Sometimes it's a Tues., sometimes it's a Thurs. So, I'm just looking for a big counter move either tomorrow or Thurs.
Just an observation. Something to be aware of. Don't trade on my comments, just use it as part of your own DD.