N QQQQ 49.82(49.73) - 50.24
N SPX 1453(1451)(1948,1945) - 1457(1459)
N QID
11:21 ET, So far markets are not roaring back after hitting the low limits. The truth is that if we are in anything like the August, we could get the market go against us up to 100 SPX points! This simply means that size of our trade and the composition of it should be comfortable enough for us to stand even such decline. Those who can not, should consider stopping out 1.5 - 2% below here at most.
12:02 ET, 1444 in FUTURES ES EMINI is the pivotal point and any break below this you may want to either get out or lighten up. I am already light... So, nothing to do
12:05 ET, BKX is low, so far, only 1.25 from the target!
13:44 ET, anybody that feels uncomfortable being long in this market get out now, cause the Sell is getting generated on the 5 minute scale.
Jim Taylor, JD said...
Hi Boris,HI JD, THANKS. Support/Resistance:13111 DOW 13225 (115 sq)9507 NYSE 9580.52551 NAZ 2588.52003 NDX100 2036NO SANTA UNTIL FRIDAY, If the Bulls are Lucky.Best Regards,JimNO SANTA UNTIL FRIDAY.Best Regards,Jim
12/18/2007 10:45 AM
Dear JD, certainly you may well be correct.
YBR has not turned up yet, and indeed the upturn may not come till FRIDAY or even MONDAY/TUESDAY. If that was not my thinking, I would be 100% long instead of 20% that I am...
32 comments:
Is anyone buying these low limits?
I bought some january 50 q calls this morning. waldo.
Blaine, I bought at 49.8.
But it is testing my nerve. On 5 min interval, 10:15 and 10:45 were buy signals for me.
Have a good one all.
Dear Blaine,
I added another 10% of my per trade allocation
Good Trading
Thanks, guys. Just making sure I wasn't alone.
I bought near close yesterday
GDX and QLD-----1/3 position each
They must have run the stops before taking it up, I will feel more comfortable when getting back up above 49.80 and keeping it there. waldo.
Dear Waldo,
They will keep taking market lower, until they feel there is anybody scared enough to get out...
Good Trading
This ain't good boys. We broke 1445 and may be headed to 1430 which would lead to the Aug. lows around 1407!!
Make that Nov. lows...
Dear SQROOT,
I would be more concerned if we broke the 1444 on the FUTURES bases not on the SPX cahs bases...
But I indicated the action if we do break the 1444.
GOod Trading
Just got back---before I left I bought QID as a hedge for QLD 1 hr. ago right at the break point
glad I did for now
Welcome back Dear Lag,
GOod Trading
Dow 13,144 is a 61.8% retrace of the Nov 26 - Dec 11 rally.
Also, we are to expect volatility this week due to quadruple witching on Friday. The last two years' December quadruple witching weeks went like this: Mondays were the most negative, Tuesdays were the most volatile, Wednesdays were the quietest and most positive. Thursday/Friday wildcards.
I still don't feel good about this market and panic selling always looms. Just keeping it small.
Dear Blaine,
Bulls win, bears win,
Pigs get slauthered.
I am glad to see that people here do not behave piggish.
Good Trading
Dumped my QLD right here
still have qid--gdx and gld
so Im rather neutral here now--really like to keep the Gold here tho
Dear Lag,
GOod IDea, of keeping the GOLD, you should be rewarded in 7-10 trading days.
GOod Trading
Boris,
What a scam. shake out shorts , shake out longs.
old john
Glad to here that Boris----been watching your older posts on that--I went ahead and got in a little earlier the other day tho when we hit my buy area---78 on GLD
Dear John, Thanks for reminding us that Wall Street is scam...
Well we have our own detectors to detect the scam... do not we...
I have actually noticed that the 1-4 days that follow our "MIllion DOllar System Signals" is all scam... and attempt to get you and me out of the market, before it is going to take where the system says...
The entire Market is a fraudulant Casino... What else can we say...
At least we make it known in every "thanks for being with us post"...
By decalring our view what the WALL STREET really is...
GOod Trading
Dear Lag,
Just make sure to put a break even or profitable stop in and watch the money grow...
GOod Trading
covered my shorts midday today Boris. No plan to go long now. Instead going to take some time off.
You guys are all doing great trading !!
Dear Greenie,
ENJOY , NAZDAROVIE ( means SALUT in RUSSIAN)
Let us know when you are ready for action again.
GOod Trading
Boris,
Yes, your YBR is the guide.
old john
Dear Greenie,
Thanks.
GOod Trading
Hi Boris,
Support/Resistance:
13111 DOW 13225 (115 sq)
9507 NYSE 9580.5
2551 NAZ 2588.5
2003 NDX100 2036
NO SANTA UNTIL FRIDAY, If the Bulls are Lucky.
Best Regards,
Jim
NO SANTA UNTIL FRIDAY.
Best Regards,
Jim
Looks like price got down to 3/8ths from the bottom (or 5/8ths from the top) on 3/4ths in time on my grid so final target at 1350 and Jan9/10 might have some validity.
Dear Voltire,
Sounds like a very plausible outcome to me.
GOod Trading
Boris,
thanx for the limits, when s&p broke 1445 on the way up, got in, got out close to your limit.
old john
Dear JOhn,EJNOY,
GOod Trading
Boris,
I learned from last week when I asked all of those questions>
old john
Dear JOhn,
You see, it pays to ask, even if you think it makes you uncomfortable...
How the hell do we learn anything...
By asking...
Period.
GOod Trading
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