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GLENO34

10/10/06 1:19 PM

#6135 RE: be #6133

Next stop could be the 10EMA..CCI10 now below +100 again (for the umteenth time) which is signaling the target..Guess we see...
<img src="http://stockcharts.com/c-sc/sc?s=QQQQ&p=D&yr=0&mn=6&dy=0&i=p79734453523&a=57...

farooq

10/10/06 1:31 PM

#6136 RE: be #6133

Be,
Thank you for kind words, I am not predicting 42.20, in my view chances will increase if 41.90 are taken out tomorrow. I am short and I definitely not even hoping for that direction. When I initiate a trade I like to consider worst-case scenario first. I also want others to consider what is on the other side if I am wrong, and yes I was wrong many times and I will be in future too, Look at my 39 Puts.
One thing is clear if North Korea test is dummy test like India then patriotic premium can disappear soon. This notion is coming from White House press briefing.
Farooq
(James Defense review weekly London based publication has opinion that India's test was not a true nuclear test because it was not recorded any where in the world.)

be

10/10/06 1:51 PM

#6137 RE: be #6133

now, the volume price bars are all red, RSI is in bearzone , and trinq is above 1.0 . I am comfortable with 100% short . tight stoplost to protect my profit .

be

10/10/06 2:22 PM

#6141 RE: be #6133

tick is positive and trinq has just dipped below 1.0 . I am FLAT (no positions)