Will you continue posting here? I find it amazing how you enter trades based on so many different indicators (fib.#, m.a.,range,double tops,etc.). Well continued success.
Covered 1/2 position (500s) SEBL @ 17.50 +4.46 Open positions: Short 500 SEBL @ 21.96 Short 500 SPY @108.10
Major support broken at 1050. Naz crashes thru 1600. SOX breaks May lows. Intermediate top and trend reversal on Small-Mid cap- see IJS. Gold continues to rise. Dollar, having put in a long term top, is in a downtrend and bounced friday, how did it trade today? All this is good for my main business (which has nothing to do with trading) as significant liquidity continues to seek a safe haven outside the capital markets and outside of low interest savings accounts.
Techs spanked by Intell. A technical bounce tomorrow morning from after hours levels now (QQQ 27.6), will take loss on QQQs then. Long 500 KLAC 46.4, bounce play.
long SMH 35 June calls (SMHFG) first fill 20 @1.40 Bounce play. Will buy July puts later. Why? Measured move down equal in length and duration from last move of about 12 points down. Fibonacci retracement levels from low to hi (27.31 - 50.19) .618: 36.05 .789: 32.21.Did notcomeinto play as a pivot today. Today's gap down is not much of a factor as the SOX is always gap and event riddled and they are rarely breakaway gaps. Still holding the QQQs long @29.06 and will play this by ear, a good close relative to the open might put the QQQs to 29 by monday. Internals improving all day on NYSE and NAZ. Stage might be setting for an advance and then further decline. We'll see.