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Yes, me again,
I will make this absolutely ridiculously SIMPLE.....go to cnnfn.com, then
in the upper
left click on us stock markets (the top one), then click on nasdaq, you
should then have in front of you 3 charts just for nasdaq, the "today",
then "13 week", then "1 year".
well, unless i'm an absolute idiot, it appears the "floor" on the right
side of the 13 week
has clearly been broken (also, i assume the ndq stochastics are now crossed
to the down side!!!), now draw an imaginary uptrend line on the 1 year
(just look at it and do it in your head or with your hand/piece of straight
paper, the 1 year uptrend is BROKE!!!
Is trading really that complicated? oh, ndq tends to lead the spz lately,
so if this break continues, and the transportations keep sh#*ing, then
clearly the spooz should also break the floor 1050's. My only and obvious
caution is of course the end of month/beginning rally and holiday factor to
the upside. Again i have till sep 18th to be wrong, so far not bad. keep
in mind if the oex breaks big to 455 before then and i close the puts. 25
to 30K is not bad for a months work and only $2,600 invested?!
ya, i will be totally kicking myself if this happens, why, "why didn't i
invest more!
you know what, i'll be greatful for what i make, then focus on undervalued
soybeans later this year, and maybe focus more on literal daytrading oex,
like i used to do with the spooz.
time will tell.....
gary
hawaii
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