EWZuber
1,373 posts
msg #60385
- Ignore EWZuber |
3/11/2008 1:39:02 PM
QQQQ/COMP testing the 25 HR.MA as resistance at $42.04 & 2214 respectively.
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nikoschopen
2,824 posts
msg #60386
- Ignore nikoschopen |
3/11/2008 1:47:31 PM
It's my hunch that we'll carry this rally well into tomorrow. I usually don't like to sit idle for any length of time but I plan to do just that into the close...or until I get stopped out, which I hope will not happen.
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EWZuber
1,373 posts
msg #60387
- Ignore EWZuber |
3/11/2008 1:56:22 PM
I agree, it looks like it is going higher.
Once the 25 HR.MA is violated as resistance it will move with very little resistance to the 50 HR.MA at $42.41.
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nikoschopen
2,824 posts
msg #60389
- Ignore nikoschopen |
3/11/2008 2:34:31 PM
Just bouncing off th rising trendline, this market refuses to go down. It should be a steady "1 step back, 2 steps forward" march.
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nikoschopen
2,824 posts
msg #60390
- Ignore nikoschopen |
3/11/2008 2:46:06 PM
Just took half my position off the table. Riding out the rest until the close.
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EWZuber
1,373 posts
msg #60392
- Ignore EWZuber |
3/11/2008 2:58:02 PM
COMP/QQQQ up against the 50 HR.MA now which coincides closely with the Hourly Chart TLR at $42.50.
With a break of the 50 HR.MA and TLR the QQQQ would be pretty much clear to $43.50
However, the Hourly Chart has become considerably overbought.
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nikoschopen
2,824 posts
msg #60394
- Ignore nikoschopen |
3/11/2008 3:51:16 PM
It's time to say "buh-bye!" I figure some traders will lighten up their positions before the close that will in turn push the market down a bit.
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nikoschopen
2,824 posts
msg #60409
- Ignore nikoschopen |
3/12/2008 10:46:27 AM
Today, I believe we should get a modest rally. S&P already dipped about 10 points earlier in the session but have since made a U-turn and is now trading near the unchanged mark. From here, we should travel north by another 5-10 points.
Just another worthless 2-cents.
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EWZuber
1,373 posts
msg #60410
- Ignore EWZuber |
3/12/2008 11:16:36 AM
COMP/QQQQ dealing with their 15 DMA's as resistance right now.
If that is violated then the 25 DMA is very close by and that has been just about impossible for the indexes to break with any staying power.
Closed that short position this morning and took quite a beating. Going to have to keep better record of the number of day trades I make. It's not happened before and can't have it happen again.
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nikoschopen
2,824 posts
msg #60411
- Ignore nikoschopen |
3/12/2008 11:28:45 AM
The upthrust stalled after about a 10 point profit for the day as expected. Now it should retrace back down. Just don't ask me by how much. lol
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