Friday, April 20, 2007

SELLQQQQ, HIgh ON Open?


60% of the DOW gains came from 6 stocks (IE. 15% of stocks contribute 60% of DOW move. HA... Yes, Dow Is the Suckers Index..., but in absolute terms we keep telling you. This sucker is not ready to roll over and die yet.
Dear REaders, Watch QQQQ short term resistance at the high of the open 5 min bar 45.67 can be the top. Sell aginst It with a stop just 45.70 mental! No more risk Please.
Stop at breakeven. Free Trade. 9:54 EDT
Stop at 45.53 No Loss possible 10:10 EDT
Have Large Position? Collect 1/3 at 45.31
Q 45.39 Will be caution signal 11:26 EDT
Very Likely Q breaks 45.30 11:34 EDT
Collect some at 45.19 11:48 EDT
stop some shorts 45.40,Mental 11:55 EDT
Please Get Out of all short positions, unless you have profits that can protect you from possible strong openning Monday Morning. Good Trading

4 comments:

BetaHog said...

Congrats, Boris, on calling the exact top on QQQQ

boris said...

Dear Betahog, Thanks, Let us see if we can make a good money. Large position trader should/could have collected. But a little guy, who I work for, has yet to see good profits. Let us see how much can we give them. Thanks AGain Dear Betahog. Please to see you at our house. Veteran members are used to these kind of things here. Good Trading

indextrading said...

This option exipary freaked out all the market. I see major divergence palying here.
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http://www.indexwin.com/

boris said...

Dear Indextrading, DO you mean that option expire caused the markets to jump up. Well, our sentiment work suggests that this move up today or tomorrow was expected, due to the PUT/CALL configuration that existed before today. So, what does the fakeout mean? Please explain if you will. Good to hear from you. and Good Trading Dear Indextrading.