10/9/2009 4:45 pm update

• at 3:08 pm, i lowered the NQZ09 offer from 1727.50 to market and was filled at 1726.50...the high remained at 1726.75 for a few minutes, then was breached and newly marked at 1727.75 for the remainder of the day...the ES marked a high for the day around 3:12, but then went on to make a new high on the close of the day...the NQ did not make a new high at the close...SMH showed tremendous strength, but the some heavy hitters (MSFT, RIMM, GOOG) were flat or red for the day...the NQ rs compared to the ES faded a bit towards the close...
• this trade: +8.87 NQ points/contract, 1 contract closed...
• for the day: +6.62 NQ points/contract, 2 contracts closed...
• 1st closed trade original exit target of 1723.50 would have been hit, but i changed my order and was filled at 1722.00 (-1.50 points below original target)
• 2nd closed trade original exit target of 1727.50 would have been hit, but i changed my order and was filled at 1726.50 (-1.00 points below original target)...
• i left 1.25 NQ points/contract, 2 contracts closed, on the table because i was afraid that my original target would not be hit...
• re-entered the NQZ09 at 1722.00...my original entry target was 1721.00, but i was afraid my target would not be reached, so i got back in at the market and was filled at 1722.00...the low of the swing was in fact 1721.00, but i don't know how much demand there was at 1721, so i don't know if i would have been filled....
• currently long 1 NQZ09 at 1722.00...
• currently offering this contract at 1733.50 for the sunday overnight session...if this order is filled, i will be bidding at 1726.50...
• currently bidding for 1 contract at 1712.50...
• ES is approaching resistance at 1076.00...it is currently trading at 1068, about 0.80% below its swing high, while the NQ is about 1.80% below its swing high (1753)...both the ES and the NQ are up 5 days in a row...a pause in this rally around these swing high levels would be expected...i will have to manage the size of my long NQ position a bit more, and perhaps be a little less aggressive on the addition levels...
• if during the overnight session, the offer fills at 1733.50 and then the bid fills at 1726.50, i will look to offer out that entry in the mid to high 1730's....i am not sure how aggressive i will be with adding another contract in the high 1720's to the low 1730's...i will have to see how things play out...
• the historical trades on the above NQZ09 15M chart appear correct (though some of the earlier trades are still not being accounted for correctly by tradestation....someday this will be worked out)....
• i hope everyone has a good weekend...

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**