Tuesday, September 11, 2007

Limits

O RUT 769.93 - 795.400
N SPX 1445.26 - 1468.27
N QQQQ 48.27 - 48.82(hit)( 48.96)(49.25)(49.50)
N GLD 69.37 - 70.82 (71.250)
TSX

Jim Taylor, JD said...
Hi Boris, Hi Jim Resistance:13283 2588.5 1464 Support:13225-
Big Bounce or Dive 2576
Expecting 2nd half of DAY to Be DOWN.
Jim

Will GOLD ( up 10) GIVE SECOND CHANCE TO ANYBODY? we did say in April that (Jun/Jul) it was the last chance to buy GOLD!

Jim Taylor, JD said...
Cluster Forming at Resistance:NDX100 1981NYSE 9556Jim
9/11/2007 10:02 AM

Jim Taylor, JD said...
NAZ 50 DMA= 2594.5Jim
9/11/2007 10:52 AM

Jim Taylor, JD said...
Looking to SHORT:2601 51 sq.Jim
9/11/2007 11:11 AM
Jim Taylor, JD said...
SHORT at 13312
9/11/2007 11:23 AM
14:46 ET All Friend Note QQQQ has hit the third level 48.96!
2:55 ET Here is my quick call, Q's tripple ( 5 min bar) top. Sell Now buy/repurchase above Tripple top if you must. Maybe too late got 16 c away from the limit. Upto You.

4 comments:

Jim Taylor, JD said...

Hi Boris,

Resistance:

13283
2588.5
1464

Support:
13225- Big Bounce or Dive
2576

Expecting 2nd half of DAY to Be DOWN.

Jim

Unknown said...

dear Cobbense

you wrote: >>the Wed. in the week before op-ex, in recent times often an inflection point / turn-around day. A short term top<<

thanks for posting that--are there any studies verifying that, i know you mention recently but valuable to know and i'm wondering if there are any statistics verifying this, and what time frame do you mean by recently---last 4 months, last few weeks etc.? Certainly potentially a valuable addition to traders knowledge

thanks
jeffrey

Jim Taylor, JD said...

Cluster Forming at Resistance:

NDX100 1981
NYSE 9556

Jim

cobbense said...

Dear shiviya,

By "recently" I meant in the last few years or so.

Sorry, I don't recall just now where I picked up this idea.

But there often does seem to be a shakeout in the middle of the week before options expiration. This often then results in an "inexplicable" short term trend change which often lasts through expiration, or nearly so.

This is just profitable fun & games for the big brokers / options market makers.

Regards,