Replies to post #7038 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***QQQQ daily: Great opportunity to cover here on the weakness... the afternoon trade which involves trading the current market in waiting for it to break the early session low has seemed to work 9/10 times so far this year. Someone who may have shorted on that break at 34.98 and covered at 34.64 today just made nearly $500 had they shorted with margin and with about $50,000 on the daytrade.

Gains can be made in this market annually by taking these type of baby steps. For instance, given roughly 240 trading day in a year, one who yields an average of $500/day generates $120,000 in revenues... and these are very safe trades.

[d33c4f]

Hey FA, you know what would be a trip

If the classic spx and dow diverged, i mean really diverged form the tech heavy's
You know something chaotic will happen then lol

Not expecting it, just a funny scenerio

The charts are interesting though
The techs have gone straight down since january
But the dow and spx have made waves. Even made higher highs(bull traps)

The techs would "appear" to be forming "island bottoms"
A sharp move down tomorrow should kill that though.
We'll see what google has to say about it ;o) lol

All 4 are still around the 500ma range, expect for the spx which is still far from it

Only IMO, but it'd look like the classic spx and dow may have more downside, while the techs could be bottomed now

Techs leading? I think so
We'll see if it's leading a bear or another bull bounce

Anyways, i'm off to celebrate 4/20
My religous holiday ;o)~~~