Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (4524)	8/8/2007 2:25:50 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi TC, I agree. The put/call also suggests further upside. The 10sma spike has just started to pull back down to reality from extreme bearish levels. From a sentiment perspective, I'd say it may well take the better part of a week or more for the put/call to get back down to the extreme bullish levels I'd like to see before shorting into this rally. Although the put/call is clearly signaling here, it looks like we may not get a clear indication from the put/call as to when the top might form. Let's see how other things develop as we move up.

To: Dr. Stoxx who wrote (4524)	9/7/2007 9:00:50 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi TC: Have a look at the NASI vs. QQQQ over the last 6 years..... Clearly the NASI is coming off an extreme low now. The last time the NASI was hitting extreme lows like this was the reversal after the medium-term correction in Spring 2005. The NASI again revisited similar lows (although not quite as extreme) at the reversal after the medium-term correction in Spring 2006. This market will rally through the end of 2008 (though not without a few stumbles and soft spots along the way of course). You heard it here first. Well..... maybe not first, but anyhow..... Not a good time to pile into medium-term or long-term short positions with size, IMHO. Very risky to bet against the NASI, as you can see.