QQQQ NDX stock market price prediction and trading (Feb 24, 2009)

QQQQ NDX stock market price prediction and trading (Feb 24, 2009). This is a second post for today. After yesterday's winning trade that has added to the 125 NDX points we made from the move of Feb 06 to yesterday, we now getting back in on short side:

1:57PM: with NDXt at 1159, we are scaling in on short side of stock market.

2:25PM: with NDX at 1167, we are starting the entry of a second quarter of intended size.

2:58PM: with NDX at 1175 we have entered a third quarter of intended size.

It should fall after the close or sometime tomorrow, at which time we will bank some profits.

Profit Taking (november 25, 2009)

9:52AM: NDX at 1159, we taking off the whole position with profits of of (16+8+0)=24 NDX points. We opened the above position at close, and we bank profits in the morning. It is the equivalent of "make money while you sleep", because our profits were made thanks to the night time.

10:47AM: with NDX at 1143, we are scaling in with one quarter of HALF normal size. Direction LONG side of stock market.

Profit Taking (another 10 NDX points in the bag):

11:14AM: with NDX at 1153, we are taking the profits. 10 NDX points.


1:53PM: NDX is at 1166. We getting ready to start the scaling in the selling. There are sellers at around NDX 1172.

1:56PM: first bullet shot at the bulls by selling to them QQQQ calls. We shot the first of the bulls in his horn.

Profit Taking:

We took profit on above when NDX visited 1156.

3:27PM: with NDXt at 1181.ish. Scaling on short side again. We are scaling in one quarter.

3:37PM: with NDXt at 1184. Scaling in second quarter.

Profit Taking:

3:44PM: with NDX at 1174 we took profit on one quarter. Another 10 NDX points in the bag.

3:59PM: NDX is at 1160. We closed everything.

It was a good day, full of fakes. The market is extremely smart.

Special Note (Understandable as per note sent):
Thursday March 12, 2009 (This is too late for you): 75.98
Friday March 13, 2009: 76.85.
Friday of next week: 79.71

QQQQ NDX trading tomorrow's and today's stock maket price prediction (February 24, 2009)

QQQQ NDX trading tomorrow's and today's stock maket price prediction (February 24, 2009):

Below is the call we made yesterday. It is now time to bank the profits.

10:49AM: with NDXt at 1157, take profits on all positions. We will do the math later. It is not a big win, but it is a win. A win is a win, and I will take it any time in a business where people lose most of the time.

To your profits. Text of yesterday's call is below.

"

tomorrow's and today's stock maket price prediction (qqqq, spy, dia, ndx, nq, spx, djx trading, (February 23, 2009)

The last call on this stock trading blog was that you maintain a short bias since February 06, 2009. That call was made when NDX was at 1280 area. NDX is not at 1155, on February 23, 2009, at 10:14AM.

The short bias has ended, and we are now starting our scaling on the long side of stock market. The estimated move is not as fast and long as the short side move we nailed, so this should be done with a reduced size. In addition the market is still to confirm a reversal to long side, but we are starting our scaling in on long side in the habit of this blog.

The long side call is however less probably and somewhat more risky then prior calls. One should consider waiting for a confirmation below boarding the long side bus. We proceeding by entering in small pieces, and with an overall smaller size than usual, and also do it by selling puts which offer some cushion in the premium in case the market does not cooperate and/or take its time to move up.

We will issue an update once we have a clearer signal on long side.

10:15AM: with NDX at 1154, we are starting to scale in on long side of stock market.


12:12PM: NDX is at 1143. Market is at what we think is today's bottom. Possible fireworks later on, but it is not certain. Also, watch out of the closing hour, as funds may show their hands and sell a possible bounce. If they sell, it would end at the bottom of today. We know that fund managers are generally backholders. We will review this later.

"

stock market trading tomorrow's and today's stock maket price prediction (qqqq, spy, dia, ndx, nq, spx, djx trading, (February 23, 2009)

tomorrow's and today's stock maket price prediction (qqqq, spy, dia, ndx, nq, spx, djx trading, (February 23, 2009)

The last call on this stock trading blog was that you maintain a short bias since February 06, 2009. That call was made when NDX was at 1280 area. NDX is not at 1155, on February 23, 2009, at 10:14AM.

The short bias has ended, and we are now starting our scaling on the long side of stock market. The estimated move is not as fast and long as the short side move we nailed, so this should be done with a reduced size. In addition the market is still to confirm a reversal to long side, but we are starting our scaling in on long side in the habit of this blog.

The long side call is however less probably and somewhat more risky then prior calls. One should consider waiting for a confirmation below boarding the long side bus. We proceeding by entering in small pieces, and with an overall smaller size than usual, and also do it by selling puts which offer some cushion in the premium in case the market does not cooperate and/or take its time to move up.

We will issue an update once we have a clearer signal on long side.

10:15AM: with NDX at 1154, we are starting to scale in on long side of stock market.


12:12PM: NDX is at 1143. Market is at what we think is today's bottom. Possible fireworks later on, but it is not certain. Also, watch out of the closing hour, as funds may show their hands and sell a possible bounce. If they sell, it would end at the bottom of today. We know that fund managers are generally backholders. We will review this later.