Short Term Trading Member Forum

[uncle_chubbie]

Mr. cash one of the higher probability outcomes for this year is a return to the 1966-1982 market. One of the best shorts will be online brokers, as the volume dries up trading revenues will diminish significantly as traders give up on trading the market for a living. another thing you might see is the long awaited beginning of the slow demise of hedgfunds. As the market gradually loses its luster money will head for more tradiotion funds, probably those specializing in large cap equitys.
In regards to my post about the Q's, i think the semi's aren't quite ready to carry the NASDAQ as it repositions its P/E valuation.Every year the semi's book to bill decreases from jan. to march, this does not mean that they can not move higher, but upside should be limited as overall outlook remains unclear. Normally the point I would select to short the Q's is 39, the point of the original breakout on the Q's, as they almost always retrace to a breakout point. This time I see a pullback @ the 20 EMA more than likely. Your thoughts? TIA, Chubbie