Yes you did say that you believed that stocks would fall. As for QQQ being wrong, it is WAY too early to tell.. you know that.
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Yes you did say that you believed that stocks would fall. As for QQQ being wrong, it is WAY too early to tell.. you know that.
Lower lows for the Q's have already been "pre-ordained" by what just happened on the open. I'd still be leaning towards longing IWM over SPY or Q's. But it isn't anywhere close to that happenin yet. You will "likely" be afforded a chance to "rethink" your Q's trade and the market is in fact already rebounding. I don't rely on "wishful" thinking...only what the market has already told me. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qqq&x=52&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
So the windup is pretty simple. Unless that low goes bye bye you initiate no new long positions. I'm not even watching teh SPY or DIA right now as I already banked a 100%+ gain on 90% of my SPY very short term short. DIA still not paying off....not yet anyhoo. So it is "somewhat" of a concern as it is the only other trade I have marked for 8/11 expiry. I'm working on helping you with SLV. I'd "suggest" you follow my updates at my most recent SLV trade blog. I don't want to see you having to rely solely on teh news that actually "proved" I was correct about SLV without you taking advantage of the "real" market mover in SLV >>> me! :-)
Joe, why is it that just yesterday you liked the QQQ calls?
Huh? That one you will have to prove to me. I did like the SLV short for sure. I will freely admit that. But I did say I was "kinda" hoping you didn't tell everyone you had a short position too. :-0 I doubt you will find me advocating a QQQ long any time yesterday. Here's my QQQ blog I initiated yesterday in fact. If I was even "thinking" a QQQ long I "obviously" wasn't drunk enuff to trade yet. I got an early start today tho. :-)
https://steemit.com/qqq/@joejustjoe/8-8-17-qqq-trading-blog
Could be my bad, I thought you said you liked the QQQ's. I still believe that almost nothing will rattle this market right now short of real war, not just saber rattling.
But the good news is that we can "obviously" purrdict the "possibility" of war since I just did it. :-) Joe ...JUST Joe "logic" >>> If you can predict the possibility of sabre rattling tehn perhaps you can purrdict the "probability" of war. I still say Deniis Rodman goes in to save the day and Kim changes his hair style as a "compromise." I'd bet that outcome if you could in fact. So if you know how to do it...let me know. We'll not only R.I.P. Kim's face off together...we'll scalp him first. :-)
That's freaking funny!
How'd you like to be long this today? Here's what "decimation" looks like. Wait'll you see what crap like this does to bitcoin when it is actually "for real"...I'm not even sure Price Lie won't keep dumping :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=pcln&x=48&y=18&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11