Jump to content

Archived

This topic is now archived and is closed to further replies.

Guest

Missing The Point

Recommended Posts

Guest

There's been a lot of put activity on QLGC carrying over from last week. Just noticed that the April 40's have traded 3037 contracts today on 10 tades. That makes the average trade size 303 plus. Last quote I have is 8.50. Interesting.

Share this post


Link to post
Share on other sites

From Gary Kaultbaum ealier today.

 

"VERY IMPORTANT STUFF!

 

I try not to get in front of the market but I am seeing some things you need to know about.

 

With the NASDAQ violating its high volume...cup and handle breakout...it is now setting up for an important head and shoulders top.

 

Think about it. We are now headed into the holidays where markets get seasonal strenth. So...what if the NASDAQ rallies back up into 1410-1420 area in the next 2 weeks and than fails. There is your head and shoulders. The timing of the holiday season rally and dumping in January would be perfect. All the donutheads would be expecting more of a rally because of the "January effect". Now...all this may not happen but I thought to put it out to you. Just like when I mentioned the potential double bottom for October in September. Should be interesting."

Share this post


Link to post
Share on other sites

Great day. Everyone everywhere is wrong. Clean.

We all wait for Al to lend a hand but he may want to save some for after he talks to try to save some face. Having said that I feel confident I am wrong.

Share this post


Link to post
Share on other sites

timeframe 60 min. s&p

 

just stepping back a bit from the shorter term intraday noise.

my 60 min regrssion channel suggests the bounderies until broken.

 

I run my ADX, quite long at 20 to cut down on whipsaws.

post-3-1039460240_thumb.jpg

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

    Support your local Stool Board.

×
×
  • Create New...