Today's Market Prediction Is Just Updated

Last update: May 18, ~10:00AM (ET)
Today (May 18): UP
ET: USA Eastern Time
at 5/18/2009 09:59:00 AM

6 comments:

  1. TigerMay 18, 2009 at 10:00 AM

    could be a nice run up day.

    ReplyDelete
  2. AnonymousMay 18, 2009 at 10:03 AM

    Thanks a lot man. But I think we might close down today.

    ReplyDelete
  3. AnonymousMay 18, 2009 at 10:32 AM

    Let's see what is the close price for qid and if it can stand on its trend line. -- yy

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  4. AnonymousMay 18, 2009 at 11:35 AM

    Hi, Tiger, it is good to find your blog. I agree with your QID outlook. From Qid daily chart, I see two targets, 41.50 and 44. What's your take?
    Also, I have another idea of buying QQQQ June 19th $38 put which has minum time value.

    Thank you for sharing your views.

    ReplyDelete
  5. TigerMay 18, 2009 at 11:57 AM

    Hi, friend,

    I agree with you. QID has the resistance at 41.5 and 44. But before that, it needs to break out 40 first and hold 38 very well.

    Buying QQQQ June 19th $38 put is a good idea. But I would rather wait for a while since the market mood is pretty bullish now. I want to double check if the correction is over or not after market close.

    Again, what we need is to follow the trend and never fight with the market. That's why I always keep both longs and shorts and at least 50% cash in my trading account all the time.

    Now keep an eye on QID 38 and its golden crossing, if QID loses the golden crossing, then QID may go lower.

    After market close, I will review more on the QID ..

    Tiger

    ReplyDelete
  6. UnknownMay 18, 2009 at 12:40 PM

    Tiger, agree with you. Covered my qid this morning entered last Fri. Don't want to fight with the tape for now. Thx.

    ReplyDelete

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