BEFRIEND THE TREND Short-term Options Trading Thread Message Board

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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread

QQQ 611.67

-1.9%

Nov 6 4:00 PM EST

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To: MeDroogies who wrote (3682)	6/21/2003 6:14:46 PM
From: Ken Adams	Read Replies (2) of 4058

Well, I think I've let some recent good trading luck get to my bloated brain. Only 4 of my last 19 trades lost money, and not much at that. But, right now I've put myself into a position to ruin that record big time. Unless Monday puts in a down day. I don't know if you've seen my recent posts about the number of NYSE stocks above their 200 d MA. That number hit 88% three times last week. I have these numbers for about 12 years. In the past when that number hit 80+% the market quickly tanked. The highest number I have was 85% prior to last week. That's the main reason I'm bearish right now. But, I'm also very nervous about all of it. New job, eh? Is it eventually gonna let you find time to trade on the job? The thread has been pretty quiet lately. I think TC's new wife won't let him play with his computer like he did in his single days. LOL!

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