Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pokersam,
We are going for 45.30 in the current move but we probably will try 44.85 two three times before breaking it. This move is so far stronger then what I thought. IMHOP
Farooq
Today 12/15 seems morning fill up the gap and then run, 44.65 -- 44.85 could be Iron wall.
Farooq
GLENO34,
Sorry for delayed response I went away in late after noon. You might be able to cover at a better price today. Good luck.
Farooq
I am trading NERS with gloe and Nancona great people.
I hope you are making money. Are you long now?
Good luck.
Farooq
Next stop 45.30
Farooq
W@G1 QQQQ 12/18/06 for a 12/20/06
43.10 Farooq
W@G2 QQQQ 12/13/06 for a 12/15/06 close
45.05 DrWorm -- well??
44.65 Farooq (I was out of town so Just posting for fun}
44.50 rayrohn
44.25 bob3
44.17 Dr_Sean
44.05 Anderl
44.00 Myself °¿°
43.78 quiet
43.5 wonderbuy
42.97 frenchee
Gloe,
It could be your own style also that want to improve system more or in another way trying to predict future moves with out following rules. It could also be rules are not clear to you for some reasons. ED Sykota says (according to Market wizard one of the best trader in the world) these are the knots or drama in our real life, which we try to solve in markets. Your contribution is unparallel. I do not have words to praise you. Nancona and you are great and unselfish. Thank you again.
I do not write here because I am still trying to digest this system. Beauty is that it has simple rules, in my experience 15 Minute could avoid many whip saws along with 3/8. I keep open one chart of 15 minutes in small window along 5 minutes chart.
Good luck to you.
Farooq
45.17 Farooq
44.86 frenchee
44.52 Dr_Sean
44.44 Myself
I like that. Thank you for reply.
Farooq
Pokersam,
I asked a question few post back, would you care to answer that, Thanks.
Farooq
Different institutions give bids for funds @ particular rate and fed accept what they feel like is reasonable or how much liquidity they want to add. Daily infusion has very little to do with market prop. Near holidays they always add cash for daily transactions in banks and other institutions. Amount that matter for stocks is abnormal high infusion when they accept higher potions of bids or repos for longer durations, which is usually seen near treasury auctions. JMHOP.
Farooq
Pokersam,
Congratulations to all the winners. I am curious how Golden Guru Award was given? What number carries how much weight? What were there numbers? It will be interesting feature to give description of the numbers of top 3 people.
Farooq
stock-trace,
I think market is trying to go lower here and we will go to 43.30 then attempt to 46 area where we will see sell off and will on OE near low and then go higher, last three days retracement to close on target. You are good on you estimate. Let's see what this month brings.
Good luck.
Farooq
December Projections for QQQQ
H 46.39 L 42.78 C 44.85
Farooq
On low 41.65 is an outside 22% chance but I am going with 42.78.
W@G2 QQQQ 11/29/06 for a 12/01/06 close
45.10 Myself
45.05 DrWorm -- stopped clock
44.86 frenchee
44.50 bob3
44.00 rayrohn
43.80 Anderl - first W@G???
43.60 Wonderbuy
43.55 Farooq
Repo is also needed to add liquidity in the system near holidays people draw cash more so fed need to adds liquidity. Yes that is cash infusion to the system but not purely for stocks and bonds. One day Repo has no effect on blance sheet.
Farooq
I will. Thanks
Farooq
Thank you every one for nice remarks.
I wish every one would have a very happy Thanksgiving and safe holiday be careful out there. Good luck every one.
Farooq
Nirvana,
I am not throwing in towel I never had a towel. I am always straight on my views.
I am changing my views because trend is up, previous high taken out, I still think a correction will come @ 1440 SPX level. I have mentioned many times once 43.30 taken out on QQQQ we are going much higher.
My bias is positive for short period, why not make money while it is going up. My cost to go in and out is 1 Cent R/T on shares, my bearish bias was never total bearish, I was hoping for a 7 % correction. I do not think we will go and visit 22 on QQQQ in next 10 years.
I still think at 1440 we will have 7 % correction but I am now trading only my S/R with trend lines and some other stuff. I am experimenting with NERS also.
For me it is about making money not ego. I have made many mistakes in past and I am sure I am going to make in future also.
I was expecting move to 1440 from August when skies were falling. I was just not hoping for a straight move, I forgot new breed of traders are computer oriented and most of their programs are trend following system. That is also known as turtle traders. Turtles were partly responsible for 1987 crash, which they can cause again but crashes are managed better by PPT.
I wish every one would have a very happy Thanksgiving and safe holiday be careful out there. Good luck every one.
Farooq
Exactly, grasshoppers’ better ride elephants then fighting them, that is why better to trade with trend. Trend is your friend.
No conspiracy theory here.
I could be off by a month in achieving target because climbing at some level can slow down but we are going there. No chance now to go below 40 in next 6 months. JMHOP
Farooq
Woodfish is correct on all counts and he answered it well.
Farooq
In my calculation 1440 on SPX is major resistance, which can give us 100 points correction on SPX.
Here what I wrote in August, Same pattern is now predicting 51.30 for QQQQ.
Farooq
Posted by: farooq
In reply to: ajtj99 who wrote msg# 85903
Date:8/2/2006 7:26:22 PM
Post #of 94799
This pattern can take us up to 1440 on SPX.
TA of Stock price.
Be,
I do not think TDameritrade trade in future.
IB is best for me. Do your DD.
Farooq
I think one thing with BB that they can expand on either side.
Denis Richard and group is controlling this whole move this is a typical turtle trade. They push the trend higher and higher. I am afraid we are going to my target of 51.30 in next five months.
We here with limited resources think we have figured all holy grails of trading we forget that Big money hire thousand of people who are masters in TA, including E- wave; computer program, programmers and FA. At the end in the long run house always win. Be care full if you are a bear out there.
Farooq
gloe,
Is not 3/8 making your trading based on 15 and 40 minutes data because that how much data it is calculating? 3 are shortest trend and 8 are confirming last 8 bars or 40 min average price on 5 minutes chart. So in other words you are still trading 15 and 40 minutes charts.
Farooq
W@G1 QQQQ 11/20/06 for a 11/22/06 close
43.00 frenchee
44.70 Farooq
2X-Be-Me,
I do not know which will come close both are calculated entirely different. Here is definition of LSMA,
"LSMA - Least Squares Moving Average
Also called "moving linear regression" or "regression oscillator".
This indicator displays the statistical trend of a security's price over a specified time period. This is done by linear regression analysis. The indicator is constructed by plotting the last point a linear regression trend line for each period point."
and this is how SMA is calculated.
" Simple Moving Average (SMA)
A simple, sometimes called arithmetic, moving average is calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. It is basically the average price of the stock over a period of time. Equal weight is given to each time period. "
I hope it help QT is free you can download it. I will try to help you set it up.
We had a sever thunderstorm in Northern Virginia and my lights went out for short time, that caused delay to respond you.
Farooq
2X-Be-Me,
It is an indicator and in QT you will find this in upper panel of Indicators. Prophet.net does not have it.
Farooq
2X-Be-Me,
I covered half @ yesterdays closing and short again @ 44.25 stop is 44.45, Once I am in profit my stop is break even and then I gradually increase it. I am sorry I do not post every trade because that is time consuming and difficult; but I have posted my trading method in detail. My indicators are saying I should have cover this trade @ 12:00 Pm but I am just watching it. I do cover if price move above My LSMA indicator which I mentioned before. My indicator is LSMA not SMA.
Farooq
OT, India has largest Muslim population in the world, I think richest man in India was a Muslim too, CEO and founder of a software company. We cannot eliminate 3000 people and we are spending 300 Billion $ annually for that; talk about corruption and poor planning.
stock-trace,
Agree, but I need to take my signals, I short on 5 Min chart against 65 SMA and to avoid bigger loss my stop is about 20 Cents away. I do cover or sell @ S/R points.
At this point target is tough but do able. JMHOP.
Thank you, for sharing your thoughts.
Farooq
I am short now stop 44.30.Target 43.30
Farooq
capt_jmj,
Your understanding about option mechanics is correct. My point was on price action, if some one is selling on bid that big block it mean seller is betting this price will not reach and he do not need to buy that stock. Sellers need to buy back the stock @ the strike price if price is lower. Buyer want insurance or he is short and want to buy stock cheaper any case could be, he might have sold 44 or 45 puts to cover his back. Many scenarios are possible.
Good luck.
Farooq
CCI 144 on 5 min and adding 34 LSMA give superior signal. Stay long when price is above the line stay short when price is below the line, primary signal is CCI 144 on 5 min. LSMA 34 could be used as stop also.
Farooq
They were sold on bid so no chance so far we close below 43 on OE.
JMHOP.
Today I will not short this market until price comes below 44.05 on QQQQ.
Farooq
Is any one long on crossing 300 on CCI 144 on 5 min chart?
Farooq
Well here is a link guy is not very far off.
http://www.investorshub.com/boards/read_msg.asp?message_id=12415505
Farooq
I want a link to good broker for these stocks? Does IB deal in these stocks? Looking for lowest commission and good fill.
Need no handholding. I Just want plain simple great execution.
TIA
Farooq