|
楼主 |
发表于 2010-10-7 12:55 PM
|
显示全部楼层
明年的hedge fund owner (not sure how larget his fund will be)今天的comment,我的意思是大家好好看看人家的思路。
I moved to cash yesterday. I just don't have enough conviction to be short or long right now. See the problem is, I think the evidence is overwhelmingly negative. But the market is doing something different. So while the evidence is negative, the market keeps climbing. Yes, I noticed that this is the 7th reversal day for the QQQQ at least. So yeah that's got to be some sort of record. Also, if the QQQQ close red today, that will be 8 out of 9 days in the red. i don't understand how we could have such a strong trend with the QQQQ this weak. Also, while the SPY broke out of its range, the QQQQ haven't gone anywhere in 10 sessions now. it still hasn't broken its high at $49.80.
。。。。。。
Tuesday's big up move was entirely contrary to literally everything the market was telling us, so I just decided to not play the game until things normalize. Usually, we break a trend line, and the market free-falls or rallies. This time, that didn't happen. We clearly broke the lower trend line on the QQQQ and the QQQQ reversed out of it. In that situation, i just GTFO until its clear that we're headed lower. For me, that would mean a $47 handle on the QQQQ. It needs to fall under $48.20 for me to feel comfortable short. On the long side, I won't go long. Not as long as commercial traders are net short and the AAII 4-week is so high. So yeah, I just won't go long right here. I would rather wait and play other opportunities. |
评分
-
6
查看全部评分
-
|