So the intraday low of 41.55 QQQQ is different from the de-lever tick you got? Meaning that they will take it back down there again next week, correct?
And when you say “put their top in already”, do you mean the top for right now, or for the year?
I bought a small call option when we were down at the open. I set my trade trigger to sell it at 114.79 but by mistake I typed in SPX instead of SPY so it executed immediately! Oh well – at least i made back the money I lost from the small put position yesterday! Not doing anything now until we get to 114.80.
By the way, you got promoted to Moderator so you can edit your comments if you need too. I'd hate to see you make a mistake (drinking again… LOL), and post the wrong number. He He He
I wont pretend I got out at the bottom either. But it was probably my best day of this rally from March(after getting my ass handed to me for most of the way up… so it was justified :). The crazy thing is that I was short the VXX for a quick scalp and the move went against me but luckily came to almost break even. Never again! I just feel awful for anyone out there who has been long term bearish but got caught long yesterday and probably got wiped out. If you prediction comes true it will probably really freak me out… ha. Good luck friend!
the low 3 min trade came @ 43.89 on the QQQQ's
I think he is saying the top of those indices is already in for the year whereas the broader market will make new highs.
So the intraday low of 41.55 QQQQ is different from the de-lever tick you got? Meaning that they will take it back down there again next week, correct?
And when you say “put their top in already”, do you mean the top for right now, or for the year?
I bought a small call option when we were down at the open. I set my trade trigger to sell it at 114.79 but by mistake I typed in SPX instead of SPY so it executed immediately! Oh well – at least i made back the money I lost from the small put position yesterday! Not doing anything now until we get to 114.80.
By the way, you got promoted to Moderator so you can edit your comments if you need too. I'd hate to see you make a mistake (drinking again… LOL), and post the wrong number. He He He
I wont pretend I got out at the bottom either. But it was probably my best day of this rally from March(after getting my ass handed to me for most of the way up… so it was justified :). The crazy thing is that I was short the VXX for a quick scalp and the move went against me but luckily came to almost break even. Never again! I just feel awful for anyone out there who has been long term bearish but got caught long yesterday and probably got wiped out. If you prediction comes true it will probably really freak me out… ha. Good luck friend!
The operators threw a de-lever tick @ 41.55 yesterday on the QQQQ's
Either the IWM or the QQQQ has put their top in already
If you remember back in 2007, the $RUT put it's terminal high in July
2009 $NDX put it's terminal low in November
The arb trade will be fully exploited for the final thrust
or then again, maybe this is just a head fake to the downside!
You know better… then to think that's me. I'm a Bear, not a Bull. LOL
That's what I was thinking too Monica, as that would shake out a lot of bulls and bears