10.28AM May 01: Who is shorting NDX?

Hope wishing and prayer are common strategies

 

I think you're full of shit. You claim to short at what was the very top and then cover at the very bottom of the range. How convienent.

 

Keep buying guys! The market needs to be funded.

 

Why would you assume that people here are buying or people here move the market?

No one here moves the market in these indexes not even the combined effort of people here moves it.

 

Stocktrad3r and XFLAT are long (at least in this forum) NDX at 1957 and beyond, and they declared it a bottom of today.

 

Actually a friend of mine did some interesting research on who is buying stocks. It appears to be that the major buyers are “the oil money” from the Middle East. They are scooping the bargains keeping the indexes high.

 

The trade that makes sense to me is to buy NDX at 1946 and sell it at 1951. It should come shortly.

 

Interesting. So essentially when oil tops or their pockets become empty, we should have a good case for a big down move.

 

Short QID @ 40.60 (200 MA NDX) contrary to my post on my pathetic blog http://actionpointsta.blogspot.com/ will buy more if it moves further down.

 

Yes, but they might fuel this buying for a while.