repost this message just posted to 'mokew' as it spells out i have come to decision time and show i am a person that plays my cards held very tightly to my chest, constantly count my chips, and shoot people when i lose money(vbg:)
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A break of 38.00 would have finished it for me and would have had to scramble for new plans, but the 38.00 held and my last quote AH for QQQ was 38.52(13cents above close) and NDX futures are 1552(+6.50 about above 4pm close).
Mokew that 38.00 is critical for me.
I have now just been running this through my head.
The cool thing about RYVNX one is buying shares, so you are actually "longing" when shorting so nothing but despair and pain can get you to have to sell(ng).
By studying cash flow charts i can see a lot of new money "longing" RYVNX have gotten buried between 55 and 40(RYVNX being 23.86 at close today).
I then draw out what i consider the worst imaginable case and place that at RYVNX would get no higher than 29 this year( a worst case scenario, i remind).
That shows me i am now longwise in the safety zone,imo.
I then calculate how much i am willing to place now for what could possibly, just possibly be dead money for months.
i juggle a bunch of numbers and come up with an amount that that i would enter tomorrow at the close given it is flat or green.
This "long" money is a safety position such that if, by some chance, an event drives this NDX down hard my "long" will become an intermediate position, and i at least made enough to not bitch "woulda coulda shoulda"( by the way if we did suddenly break-down sharply i would NOT add to my position.)
If , i am right, and we still are to "blow-off" at a level 40.75 i would then bring out my big guns but the first position i would not sell-off until it is at least even.
So wrote all this because i went into "deep think" AH today.
I now have brain fatigue:) gd