Thursday, December 4, 2008
QQQQ DIA SPY Yesterday's Market Prediction for Tomorrow (Profit Taking)
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QQQQ DIA SPY Yesterday's Market Prediction for Tomorrow (Profit Taking):
This is a follow up on yesterday's thread. We have made some 75 NDX points yesterday, and were left with two quarters of normal size short position on QQQQ.
One quarter was at 1141, and the other at 1165. We are taking the profits.
3:18PM: with NDX at 1123, profits on one quarter taken.
3:28PM: with NDX at 1115:ish, profits on second quarter taken.
Total profits:
(1165-1115)+ (1141-1123)= (50+18)=68 NDX points.
This is to be added to yesterday 75NDX points.
Re-entry:
3:46PM: with NDX at 1126, we are scaling back in one QUARTER short side of stock market.
3:54PM: with NDX at 1116, profits taken. End of trading. Add 10NDX points to the tally of today, which brings it to 78NDX points. (3 points more than yesterday).
Re-entry:
3:57PM: with NDX at 1129, shorting again. one quarter.
Long live the blog!
This is a follow up on yesterday's thread. We have made some 75 NDX points yesterday, and were left with two quarters of normal size short position on QQQQ.
One quarter was at 1141, and the other at 1165. We are taking the profits.
3:18PM: with NDX at 1123, profits on one quarter taken.
3:28PM: with NDX at 1115:ish, profits on second quarter taken.
Total profits:
(1165-1115)+ (1141-1123)= (50+18)=68 NDX points.
This is to be added to yesterday 75NDX points.
Re-entry:
3:46PM: with NDX at 1126, we are scaling back in one QUARTER short side of stock market.
3:54PM: with NDX at 1116, profits taken. End of trading. Add 10NDX points to the tally of today, which brings it to 78NDX points. (3 points more than yesterday).
Re-entry:
3:57PM: with NDX at 1129, shorting again. one quarter.
Long live the blog!
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