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Ben's only challenge was, "where will the QQQ close
on Friday". You lose if you quit today. Sorry.
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----- 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 9:00
AM
Subject: Re: [RT] Where will qqq close
fri
Sorry, can't close it a day early, I'll just have to take the
money then. I don't see a specific price for either entry or exit on
your chart or anywhere else. Could I be missing something here?
Ira.
BobR wrote:
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. <FONT
size=-1>bobr
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----- 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:
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