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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST
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To: James Strauss who wrote (50774)5/15/2000 4:38:00 PM
From: Jacob Snyder  Read Replies (1) of 99985
 
re:Tuesday should be a good day on higher volume for QQQ:

Covered my QQQ short last week at 83.5.
I'm going to re-short at 90, 93, and 96 (which is the top of the recent range).
Will cover at 86, 83, and 80 (which is the bottom of the recent range).
Stop-loss at 100.

If the market goes up in anticipation of the 6th (and possibly largest) rate hike, shorting it seems like easy money.

Sell the rallies is replacing buy the dips.
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