Saturday, June 21, 2008 12:55:30 AM
I saw that QQQ RV L2 you posted SL.
I thought about it. The Nasdaq eludes me at times though. Most days it is the pride of the US stock market, while others it tends to weigh everything down as much as a spike in crude prices.
Today was a day one had to "abondon all hope" and I wasn't ready to commit to that emotionally despite what I knew to be the truth. It was a tough call after watching the last two days open up lower and catching the bounce. I truly was convinced xpry had a bounce in store but this Saudi meeting must have some major players nervous in the energy markets.
High Oil/Escalation of ME conflict/Oil strike/Financial insolvency:wash:rinse:repeat::::::::::::
I think I underestimated the large amount of Q2 short interest in this market today. The bounce I expected from a squeeze interest is so large it's been spreading out over the past few days instead of just xpry.
I thought about it. The Nasdaq eludes me at times though. Most days it is the pride of the US stock market, while others it tends to weigh everything down as much as a spike in crude prices.
Today was a day one had to "abondon all hope" and I wasn't ready to commit to that emotionally despite what I knew to be the truth. It was a tough call after watching the last two days open up lower and catching the bounce. I truly was convinced xpry had a bounce in store but this Saudi meeting must have some major players nervous in the energy markets.
High Oil/Escalation of ME conflict/Oil strike/Financial insolvency:wash:rinse:repeat::::::::::::
I think I underestimated the large amount of Q2 short interest in this market today. The bounce I expected from a squeeze interest is so large it's been spreading out over the past few days instead of just xpry.
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