Strategy Central

[farooq]

If 1284 Cash S&P not taken out on Tuesday price will test 1267---1263 in next week, that is according to my calculation, but my work so far indicate we will close on QQQQ @ 40.30 – 41on expiration. This decline is footprint of a big hedge fund who has a global reach, which is joined by other traders.

It is a common practice that when some support is broken then the next support is tested. Will we test low again? Very little chance in near future. Now those manager will try to take it to the level where short can be squeezed. And then fundamentals of market rules. Hedge fund managers try to make money from volatility and we do not have any shortage of it.


Best of luck.

Farooq

Off course I do not know future and I was wrong many times, JMHOP.