You're in a league of your own when it comes to short term trading. Dont think ive seen so many good calls before from one poster on a forum. No way are you a 'newbie' though! That can't be true.
He's one of the few that does what the market tells him to do. SPX has been going straight up since September with only a single 50 pt pullback, repeatly saying "buy my pullbacks because I'm going to keep going up until I don't." Traders are making gazillions using this method right now. Shorts are getting capped at the knees over and over and over. Market shrugged off two nice moves down today, then rallied back up to the day's highs (NQ back to LOD at current, however). ES made a beautiful RTH10.25, then was two ticks shy of making another RTH10 when the shorts got squeezed hard going into the last 15 minutes. Today's PA was anything but dull.
As Eudaemon admitted himself...he is insane...:eek: ...and has not admitted to the fact that he does not trade....period Some mothers do have them... NiN P.S Unfortunately, as his handle may suggest,he has fallen on hard times...can't knock him...
I foresee a 18-20% correction is in the technology sector, adjust for the SP500 lesser volatility and that's pretty much how low we will go. Basically NQ will drop to approximately 1880 from current levels, might be off on the exact top but I'm very confident about the lows. I'm short from 2358 NQ and looking for below 1900s. NAD
gap at 08 but today was day 3 and did not fill. Looking for a run to 30-32 cash spy 131 - 133 range for now
What are you basing this on? Overextended, sector rotation, decreased cap-ex... And why 20%/1900? I'm not arguing. Just intrigued. thanks