Wednesday, May 26, 2010

May 26th, 2010

Here comes the retracement up. Watch for CLF. There is a minor resistance at 55. If it breaks above 55, then here comes 60.

I am still expecting QQQQ to hit 47.

The spot gold and gold stocks are ready to resume upward.
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5 comments:

  1. BASMay 26, 2010 at 10:56 AM

    DXO: great place to cover that short yesterday.

    I bailed premarket 45.10 on QQQQ from 44.75 2 days ago. Hoping to get back in around 44.75 in the first 30 minutes on SPY gap fill..but that didn't happen.

    oh well. $.35 profit vs $1.30 loss day before, i'm glad i waited the day anyways.

    picanse

    ReplyDelete
  2. gcl106May 26, 2010 at 2:26 PM

    I am out of NG at 7.35.

    ReplyDelete
  3. gcl106May 26, 2010 at 2:31 PM

    The SPY had trouble surpassing 109.50 area. That is one tought resistance level.

    The market could closed down and breakeven today.

    ReplyDelete
  4. BASMay 26, 2010 at 3:33 PM

    oops..got a little anxious.. long qqqq @ 44.51

    was afraid to miss the move down, then it dropped almost .40 more within 5 minutes of my buying hahahaha

    empsk

    ReplyDelete
  5. BASMay 26, 2010 at 3:41 PM

    and too afraid to double up in the .15 range.. damn.. oh well..

    comatori

    ReplyDelete

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