Tuesday, October 27, 2009

10/27/2009 10:50 am update: NQ


  • picked up a 3rd contract at 1726.50 on the puke down to 1718.00
  • long 3 NQZ09 at avg 1745.42
  • trying to be aggressive and offering 1 contract out at: 1757.50, 1767.50, 1776.50...
  • no current bids....
  • though the market has been weak to neutral today, the NYSE and the NASDAQ AD Line is essentially flat, while it was quite negative today...
  • big whoosh down to 1718 has brought in buyers, not sellers...ES did not puke out as much...
  • NQ trading above 1751 may indicate the swing low has been put in and a retest of the 1780ish swing high is in store...
Disclosure: Long NQZ09.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk ***

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