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quote=alceringa,Dec 20 2006, 03:05 AM]
Swing trading the Qballs short the last couple of weeks must have been absolutely frustrating for any bears trying it.
Sell signals everywhere since that long red candle back in November. RSI, MACD, STO all rolling over; higher volume on down days than up; inverted candles/shooting stars, "death cross" doji's; masses of sell signals using all kinds of TA.
You name it and it's in the charts.
Even the MacSum is in free fall.
Only problem is the QQQQ's price isn't tanking like the charts says it should.
Bears can't get the ball across the line.
Think this is either one big ole topping formation or the bears are gonna get creamed on a huge melt up. I mean really creamed.Yep, I think we will have nice gains next year from whatever the bottom print is!
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I am too broke to played covered calls but that is what I would be doing right now with a few way otm leap puts to protect in the crash.
Pretty great to call out a strategy then absolutely play it wrong. I didn't sell QID yesterday so of course gains vaporized and now I have losses with a gap up across the world.
In the meantime, my first round of options expire worthless in JAnuary. I took a bad hit from those stupid things. The way the hedges would have worked in my mind is completely different than the actual outcome.
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QQQQ options are getting blasted right now. Both puts and calls. All this does is give the big guns more cash to deploy next month. They can game momos and not even hurt their accounts if they are smart enough.
I threw out ta with the QQQQ based on the options smack around and the tons of fuel for the fire both ways. Funny how we haven't done anything.
The amount of posts last night on M2M was interesting.

I still don't get why the GS boys would let things go down before the 1st. There is probably millions on the line during the regular vacation days of the normal foke.
Uncle Paulson is big on laptops at the HAmptons with family during vacation. Just imagine what the GS boyz laptops look like. Probably some mega machines built out of space metals with satellitle cpabilities available in the middle if the Himalayas. T3 modem access of course at 5k a month or whatever.
Seems to me like the pigmen will just prop the markets until all of us just get poed, need extra vacations, get ulcers and go off into huka hut rants seeking the spirit world for guidance. All the boyz need to do is time it to wear the main massses don't get out all together.
Hey, wait. Don't they have a lock on that one already? Looks like it is all of us traders that are in the line of fire by Paulson. Just look how he blew out indicators. He knows exactly what to do. The summation etc. is just more proof.
Oddly, the more ovresold the market goes, the more they just build case for a large rally. I just can't see traders not diving in all in short here soon with no interest of anything long. Not much difference in a pe= 960 and a pe= 1960. At some point tulips always win.
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IMO, you will always have people who are great at poker and math wizzes but you will never see these people at the final tables becuase they can't seperate the math from the psychology or fundamentals vs gambling.
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At this point it seems more people may seem bullish but will flip on a dime bearish so the numbers get skewed. I'm not bearish but would jump on board short if I saw a shot for a "trade".
How many here are ready to go short for a "trade". Seriously. Long term short ain't successful as we all know. Basically scallping daytrades and no longer holding positions over night will probably be the play.
Paulson is very smart to goose the pre-market and not the regular open market. He has absolute control it seems. Even the billionaires need to be quite or he could trash them market to shut them up.
Dollars are just paper you know, if you had an endless supply and were in a large prison of war, what would you do? What would you do after you corned the cigarette of the prison camp that is?