|
PureBytes Links
Trading Reference Links
|
Not so fast. If you want to change Ben's
rules and close the test a day early, then you will have to share with
me.
bobr
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, February 14, 2002 8:34
AM
Subject: Re: [RT] Where will qqq close
fri
This was posted on Monday the 11th. So there is no after
the fact guess work, line projections, or other things to confuse the matter.
The target for this cycle has been reached. Do I win the prize or just
take my money and say thank you very much as today's close means very little
to me.
Ira Tunik wrote:
There seems to be a great deal of guessing going on
about where the QQQ will be and when. Here is my matrix for the QQQ
the Probabilities are that once an EP is hit there is an 80% probability of
reaching PO1, a 70% probability of reaching PO2 and a 60% probability of
reaching the target for that trading cycle. Each is specific. no
guessing as to whether this or that line will hold. The stops are
specific also to take care of that 20% risk factor. Each of the trading
cycles is still active and the targets reached for each cycle is
noted. Your current location is also noted. The numbers on the
left are for the down cycles and those on the right ar for the up
cycles. EP=entry price. PO=price objective. Target=price
target for that cycle. Each Price Objective first acts as resistance and as
support. A cycle is active until either the target is reached or the stop is
hit. One or the other will void the cycle. So QQQ can reach the
target of the current cycle and still be nothing more then a retracement of
the down legs. Contra trend trades usually end at PO1. A price of
35.85 will void this up move we are in and once again restart the down
cycles. Hope that this isn't too confusing, I am giving the prices to
expect but no dates as they may come before Friday. This is expiration
week and you can get some funny price movement.
BobR wrote:
Your use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of
Service.To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
<IMG
src="cid:{78D62E59-061B-42B2-A831-D06A59E4A42E}/RT QQQ matrix..gif">
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: "qqq.gif"
|