Wednesday, January 17, 2007
QQQQ is going right
Dear Readers, QQQQ seems to have finally understood that world ( and especially our indicators ) expects it to go down, at least for awhile ( At this moment the move lower may continue into EOD 1/22 to BOD 23 ). While we missed by little the turn before last. The last turn was caught almost perfectly and hope that for shorts among you the move will be good enought until AT(arrival time ) above. Good Trading
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Dear Readers, QQQQ could go to 44.75, 44.54 if not stopped here. Good Trading
So, why are not we short. We tried again and "failed" with -2c to show for it(::). But that was an intelligent sell and for those with a larger risk appetite (15-20c) which is still peanuts, it would have succeded, those with options, can not really get in and out so, most of those are perhaps still short. In any case, I was so busy with the currency options today, I could just give you limits for a while, but had to attend them. Good Trading
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