To: TREND1 who wrote (11275 ) 12/6/2001 6:22:41 PM From: Zeev Hed Read Replies (1) | Respond to You still do not understand, the Q is not played by the "Box", the Q daily raids are played by where I expect the market to go. Remember, you do not forecast, I do, and with that forecasting I accept the fact that 40% of the time, I'll be wrong. For today I had 2026 to hold, and thus just before we crossed 2040 on the way down, it automatically triggered the Q. I put the orders on the then displayed bids (not the asks, and one of them under the displayed bid) because I expected us to get closer to the 2026 (we got maybe to 2036?) and the bids were "falling fast". Mind you it is not too rare to actually get the bid, i get it in about one of ten trades (or at least, I do not notice that the bid has dropped further below my own buy price). It so happen we turned ahead of schedule, under normal circumstances, on a "good call", particularly in the lunch tactics, the Naz often retest its first down leg after a small bounce, and if you have the nerves to play, you typically can get in with even better prices than I got in. As for the selling, sometimes it is actuated by simply having a good enough profit, others, once more due to forecasting (good or bad) of what the market might do by 1:30 to 2:30. On some occasions, I get in two trips (if the post lunch decline is fast and there is a good reason to assume strong short covering). Sometime the sell is because time is pressing and upward closing momentum does not develop by 3:30 (like today). The boxes are really for swing trades (like TARO between $35 and $39, top of the box just knocked out, and thus a run, even to $50 could happen, or today in AETH where the bottom of the box is just above $7 and the top is just above $9, and was marginally taken out.), as well as for long term core positions. On the daily raid, my daily schedule of other, non market activities also dictate to what extent I'll play or not...
