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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (45700)1/17/2001 4:01:40 PM
From: GHOST TRADER  Respond to of 57584
 
I love days where I catch a gap up then ride it down. I was with you on that one. . . and that is why I trust our views more than what EVERYONE tells us....... and thats why i listen and learn from good traders like yourselves.



To: Rande Is who wrote (45700)1/17/2001 4:02:52 PM
From: moufassa7  Respond to of 57584
 
Long QQQ @ the close. Trend is still up.



To: Rande Is who wrote (45700)1/17/2001 5:23:17 PM
From: rocklobster  Read Replies (1) | Respond to of 57584
 
Hey Rande,

It looks to me more like today was day one of a 4DML. what do you think?.... this cant really be day 3 because we would need to close significantly below day one to liquidate anybody on the long side... and everything I watch is way up from Friday... cant liquidate when people have a profit.. However, today's huge gap up and close at the low seems more like the perfect 4 DML setup.. and futures look to gap up tomorrow too. so crapout tomorrow would seem to follow the pattern with maybe flat day friday for options expiration, and big down day Monday..

What do you think?

rok@backfromtheabyss.com got murdered on longs in late December..had to take some time off..